CALGARY, Alberta—Steve Glanville, president and COO of STEP Energy Services Ltd., will take over as CEO, replacing Regan Davis, the company announced. The transition takes effect upon Davis’s retirement on Sept. 30.
![Steve Glanville (Source: STEP Energy Services)](/sites/default/files/inline-images/SteveGlanville.jpg)
The company, which provides coiled tubing and fracturing services in multiple basins, also said that Rory Thompson, president of Canadian operations, will become the new COO.
RELATED
STEP Purchases Coiled Tubing Assets for $C17.2 Million
Davis, co-founder and CEO since STEP’s formation in 2011, will remain in an advisory capacity through the rest of the year to assist in the transition.
“I am immensely proud of what our team of professionals has accomplished together in the last 11 years,” Davis said. “I believe it is the right time for me to step down, which will open the door to new possibilities for both myself and the company. As one of the original founders of STEP, Steve’s leadership and deep operational acumen, along with the support of our very talented senior leadership team, will allow STEP to continue to execute its vision, which instills a great sense of confidence about the company’s future success.”
Douglas Freel, managing director at ARC Financial and chair of the board of directors of STEP, said the board established a succession plan when the company went public and this move concluded the process.
Recommended Reading
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.