Precision appoints Ford as president, CEO, director

Executive Summary

• Carey Ford appointed President and Chief Executive Officer of Precision Drilling Corp., succeeding retiring CEO Kevin Neveu.
• Gene Stahl named Chief Operating Officer; Dustin Honing promoted to Chief Financial Officer.
• Retiring CEO Kevin Neveu will remain in an advisory capacity to ensure a smooth transition.

Key Details

• CEO Appointment: Carey Ford, with Precision since 2011 and CFO since 2016, becomes President & CEO and joins the Board of Directors.
• Retirement: Kevin Neveu steps down after serving as President & CEO and board member since 2007; will serve in an advisory role.
• COO Appointment: Gene Stahl appointed Chief Operating Officer, bringing 28+ years of company experience across marketing and North American drilling operations.
• CFO Appointment: Dustin Honing named Chief Financial Officer after nearly 15 years with the firm in accounting, finance, operational support, and investor relations roles.
• Board Statement: Chairman Steve Krablin expressed confidence in the new leadership team and commitment to technology‑driven strategy, disciplined capital management, and long‑term stakeholder value.

Notable Quotes

• “Stepping into the president and chief executive officer role is a privilege… I am excited to guide our organization into its next phase of growth,” – Carey Ford, President & CEO.
• “The board is pleased to appoint Mr. Ford as president and chief executive officer and has full confidence in his proven leadership…” – Steve Krablin, Chairman of the Board.