Hunting chairman to step down from post after 26 years

THE chairman of oil services company Hunting is to step down after 26 years in the role. Richard Hunting, a member of the family who founded the 143-yearold company, will be replaced by John Glick on Friday.

Mr Glick has been a non-executive director of the company since 2015, having previously been president and chief executive of oil industry manufacturing company Lufkin Industries from 2008 to 2013, when Lufkin was acquired by General Electric Company.

News of Mr Hunting’s departure sent shares in Hunting down 4.9pc to 382.6p yesterday.

The company, which was established as a shipping business by Charles Hunting in 1874, took on its present form in 1989 when three separate listed businesses were combined under the Hunting name.

Richard Hunting was elected as deputy chairman in 1989 and became chairman in 1991, taking over from his uncle Clive Hunting. He will remain on the board as a non-independent, nonexecutive director.