PHX Energy Announces Leadership Succession

CALGARY, Alberta, Feb. 18, 2025 (GLOBE NEWSWIRE) -- PHX Energy Services Corp. ("PHX Energy" or the "Corporation") (TSX: PHX) today announced that John Hooks, the Corporation’s founder and current Chief Executive Officer (“CEO”) will be transitioning to Executive Board Chair effective March 1, 2025, and its Board of Directors (the “Board”) has appointed, Michael Buker, currently the Corporation’s President, as his CEO successor. In addition to assuming the role of President and CEO, Mr. Buker is expected to be nominated for election to the Board of Directors at the Corporation’s next Annual General Meeting of Shareholders. This transition is part of the Corporation’s succession plan that has been in place for a number of years to ensure continuity in the business strategy and operations. Mr. Hooks will continue to provide mentorship and guidance to the Corporation’s executive team in his new role, while Mr. Buker will actively lead the Corporation’s future strategic development and growth.

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