Liberty Energy Intends To Appoint William Kimble As Non-executive Chairman And Ron Gusek As CEO

(RTTNews) - Energy services firm Liberty Energy, Inc. (LBRT) announced Monday that the Board of Directors intends to appoint William Kimble as non-executive Chairman of the Board and Ron Gusek as Chief Executive Officer.

This follows the announcement by President-elect Donald Trump regarding his nomination of Chris Wright, Liberty's Founder, Chairman of the Board, Director and Chief Executive Officer, for the position of U.S. Secretary of Energy.

The appointment of Wright as Secretary of Energy is subject to confirmation by the U.S. Senate, and Wright will continue in his current positions with the Company until confirmation occurs.

Effective upon and subject to this confirmation and in accordance with the Company's succession plan Kimble and Gusek will assume their respective positions.

Kimble has been a member of the Board of Directors since the Company's initial public offering in January 2018 and has served as Lead Director since October 2018. Gusek joined Liberty in 2014 and has served as President of the Company since November 2016.