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Liberty Energy (NYSE: LBRT) announced significant leadership changes with Ron Gusek appointed as Chief Executive Officer and Board member, while William Kimble becomes non-executive Chairman of the Board. These changes coincide with former CEO and founder Chris Wright’s confirmation as U.S. Secretary of Energy.
Gusek, who has served as Liberty’s President since November 2016, brings nearly 30 years of experience in strategic leadership. His appointment comes at a important time as Liberty focuses on expanding its power business and advancing technology innovation in completions services. Prior to his role as President, Gusek joined Liberty in 2014 as Vice President of Technology and Development, following leadership positions at Sanjel , Zodiac Exploration, and Pinnacle Technologies.
Kimble, who has served on Liberty’s Board since its 2018 IPO and as Lead Director since October 2018, brings extensive experience from his three-decade career at KPMG. These leadership transitions are part of Liberty’s long-term succession planning strategy.
Liberty Energy (NYSE: LBRT) ha annunciato importanti cambiamenti nella leadership con Ron Gusek nominato Amministratore Delegato e membro del Consiglio, mentre William Kimble diventa Presidente non esecutivo del Consiglio. Questi cambiamenti coincidono con la conferma di Chris Wright, ex CEO e fondatore, come Segretario all’Energia degli Stati Uniti.
Gusek, che ha ricoperto il ruolo di Presidente di Liberty da novembre 2016, porta con sé quasi 30 anni di esperienza nella leadership strategica. La sua nomina avviene in un momento cruciale, mentre Liberty si concentra sull’espansione del suo business energetico e sull’avanzamento dell’innovazione tecnologica nei servizi di completamento. Prima del suo ruolo come Presidente, Gusek è entrato in Liberty nel 2014 come Vice Presidente della Tecnologia e dello Sviluppo, dopo aver ricoperto ruoli di leadership presso Sanjel, Zodiac Exploration e Pinnacle Technologies.
Kimble, che è membro del Consiglio di Liberty da IPO nel 2018 e direttore principale da ottobre 2018, porta un’esperienza vasta derivante dalla sua carriera trentennale presso KPMG. Queste transizioni di leadership fanno parte della strategia di pianificazione della successione a lungo termine di Liberty.
Liberty Energy (NYSE: LBRT) anunció cambios significativos en su liderazgo con Ron Gusek nombrado director ejecutivo y miembro de la Junta, mientras que William Kimble se convierte en presidente no ejecutivo de la Junta. Estos cambios coinciden con la confirmación de Chris Wright, ex CEO y fundador, como Secretario de Energía de EE. UU.
Gusek, que ha sido presidente de Liberty desde noviembre de 2016, aporta casi 30 años de experiencia en liderazgo estratégico. Su nombramiento se produce en un momento importante, ya que Liberty se centra en expandir su negocio de energía y avanzar en la innovación tecnológica en los servicios de finalización. Antes de su papel como presidente, Gusek se unió a Liberty en 2014 como vicepresidente de Tecnología y Desarrollo, tras haber ocupado puestos de liderazgo en Sanjel, Zodiac Exploration y Pinnacle Technologies.
Kimble, quien ha sido parte de la Junta de Liberty desde su OPI en 2018 y director principal desde octubre de 2018, aporta una amplia experiencia de su carrera de tres décadas en KPMG. Estas transiciones de liderazgo son parte de la estrategia de planificación de sucesión a largo plazo de Liberty.
리버티 에너지 (NYSE: LBRT)는 론 구섹을 CEO이자 이사회 구성원으로 임명하고, 윌리엄 킴블은 비임원 의장이 되는 중요한 리더십 변화를 발표했습니다. 이러한 변화는 전 CEO이자 창립자인 크리스 라이트가 미국 에너지부 장관으로 확인된 것과 동시에 이루어졌습니다.
구섹은 2016년 11월 이후 리버티의 사장으로 활동해왔으며, 전략적 리더십에서 거의 30년의 경험을 가지고 있습니다. 그의 임명은 리버티가 전력 사업을 확장하고 완공 서비스의 기술 혁신을 발전시키는 데 주력하고 있는 중요한 시점에 이루어졌습니다. 사장으로서의 역할 이전에, 구섹은 2014년 리버티에 부사장으로 합류했으며, 샌젤, 조디악 탐사 및 피나클 기술 등에서 리더십 역할을 수행했습니다.
킴블은 2018년 IPO 이후 리버티 이사회에서 활동해온 이사이며, 2018년 10월부터 수석 이사로 활동하고 있으며, KPMG에서 30년 경력을 쌓아온 광범위한 경험을 가지고 있습니다. 이러한 리더십 전환은 리버티의 장기적인 승계 계획 전략의 일환입니다.
Liberty Energy (NYSE: LBRT) a annoncé des changements significatifs dans sa direction avec Ron Gusek nommé directeur général et membre du conseil d’administration, tandis que William Kimble devient président non exécutif du conseil. Ces changements coïncident avec la confirmation de Chris Wright, ancien PDG et fondateur, en tant que Secrétaire à l’Énergie des États-Unis.
Gusek, qui est président de Liberty depuis novembre 2016, apporte près de 30 ans d’expérience en leadership stratégique. Sa nomination intervient à un moment crucial, alors que Liberty se concentre sur l’expansion de ses activités énergétiques et le développement d’innovations technologiques dans les services de finition. Avant son rôle de président, Gusek a rejoint Liberty en 2014 en tant que vice-président de la technologie et du développement, après avoir occupé des postes de direction chez Sanjel, Zodiac Exploration et Pinnacle Technologies.
Kimble, qui fait partie du conseil d’administration de Liberty depuis son introduction en bourse en 2018 et qui est directeur principal depuis octobre 2018, apporte une vaste expérience de sa carrière de trois décennies chez KPMG. Ces transitions de leadership font partie de la stratégie de planification de la succession à long terme de Liberty.
Liberty Energy (NYSE: LBRT) gab bedeutende Änderungen in der Führung bekannt, indem Ron Gusek zum Geschäftsführer und Mitglied des Vorstands ernannt wurde, während William Kimble zum nicht-executive Vorstandsvorsitzenden ernannt wurde. Diese Veränderungen fallen mit der Bestätigung des ehemaligen CEO und Gründers Chris Wright als US-Energieminister zusammen.
Gusek, der seit November 2016 Präsident von Liberty ist, bringt fast 30 Jahre Erfahrung in strategischer Führung mit. Seine Ernennung erfolgt zu einem wichtigen Zeitpunkt, da Liberty sich darauf konzentriert, sein Energiesegment zu erweitern und technologische Innovationen in den Abschlussdienstleistungen voranzutreiben. Vor seiner Rolle als Präsident trat Gusek 2014 als Vizepräsident für Technologie und Entwicklung zu Liberty, nachdem er Führungspositionen bei Sanjel, Zodiac Exploration und Pinnacle Technologies innehatte.
Kimble, der seit dem Börsengang von Liberty im Jahr 2018 im Vorstand ist und seit Oktober 2018 als Lead Director fungiert, bringt umfassende Erfahrungen aus seiner dreijährigen Karriere bei KPMG mit. Diese Führungsübergänge sind Teil der langfristigen Nachfolgeplanung von Liberty.
Positive
- Smooth leadership transition with experienced internal candidate Ron Gusek
- New CEO brings 30 years of industry experience and deep company knowledge
- Succession plan was developed years in advance, showing strong corporate governance
Negative
- Loss of founding CEO Chris Wright who led company since 2011
Insights
The appointment of Ron Gusek as CEO marks a pivotal transition for Liberty Energy, representing both continuity and evolution in leadership strategy. His nearly 30-year industry tenure, including significant experience in fracture diagnostics and technology development, positions him well to advance Liberty’s technological initiatives and power business expansion.
The timing of this transition is particularly noteworthy as it coincides with Liberty’s strategic pivot toward power business development and enhanced completions services. Gusek’s background in technology and development, coupled with his seven-year tenure as President, suggests minimal operational disruption and a likely continuation of the company’s innovation-focused trajectory.
William Kimble’s elevation to Chairman brings valuable financial governance expertise at a important time. His extensive KPMG background and experience with energy sector boards (notably Northern Oil and Gas and DCP Midstream) provides strong oversight capabilities as Liberty navigates its next growth phase.
While the departure of founder-CEO Chris Wright to a cabinet position could typically raise concerns, several factors mitigate potential negative impact:
- The succession was clearly planned well in advance
- Gusek’s long-standing relationship with Wright (dating back to Pinnacle Technologies)
- The maintenance of strategic continuity through internal promotion
- The strengthening of governance through Kimble’s expanded role
This leadership restructuring appears designed to maintain Liberty’s innovative culture while enhancing corporate governance – a combination that should resonate positively with institutional investors focused on both growth potential and operational stability.
DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has appointed Ron Gusek as Chief Executive Officer and as a member of the Board of Directors. Additionally, the Board has elected William Kimble as non-executive Chairman of the Board. These leadership transitions are concurrent with the confirmation of Chris Wright as U.S. Secretary of Energy. Mr. Wright, the founder of Liberty Energy, has served as Chairman of the Board, Director, and Chief Executive Officer since the Company’s inception in 2011.
The Board of Directors congratulated Mr. Wright on his appointment as U.S. Secretary of Energy, commending his distinguished leadership and significant contributions to Liberty and the broader energy sector.
Mr. Gusek brings nearly 30 years of experience as a strategic leader, most recently serving as President of Liberty since November 2016. He joined Liberty in 2014 as Vice President of Technology and Development. Prior to Liberty, Mr. Gusek was Vice President, Corporate Engineering and Technology of Sanjel Corporation, a global energy service company. He previously held leadership roles at Zodiac Exploration, an E&P company in the central San Joaquin Valley in California, and at Pinnacle Technologies, a leading fracture diagnostic services company founded by Mr. Wright. He has earned a reputation as a leader focused on advancing innovative technology solutions to drive meaningful growth and deliver exceptional value to Liberty’s customers. Mr. Gusek earned a Bachelor of Science in Mechanical Engineering from the University of Alberta.
Mr. Gusek’s appointment comes at a pivotal moment as Liberty accelerates the development of its power business and advances technology innovation in completions services.
“I am honored to lead this incredible company as we embark on an extraordinary new chapter,” said Mr. Gusek. “Liberty has an extensive track record of technology innovation and executional excellence, driving transformative growth and success over its 13-year history. I am excited to steward the next phase of our growth journey alongside our talented team. I look forward to building upon the strong foundation that Chris and the team have established as we enable successful energy solutions for our customers across a broad range of end markets.”
Mr. Kimble served on the Board since the Company’s initial public offering in January 2018 and as Lead Director since October 2018. He joined KPMG in 1986 and held various senior roles throughout his career spanning more than three decades, until his retirement in 2015. Mr. Kimble serves on the board of directors and is the chair of the audit committee of Northern Oil and Gas. He previously served on the board of directors, the special committee, and was chair of the audit committee of DCP Midstream from June 2015 until October 2023.
Effective and disciplined succession planning is critical to Liberty’s ongoing success and a key component of its competitive advantage. This change in leadership is consistent with the Board’s succession plan developed years in advance and demonstrates the strength of the management development system.
About Liberty
Liberty Energy Inc. (NYSE: LBRT) is a leading energy services company. Liberty is one of the largest providers of completion services and technologies to onshore oil, natural gas, and enhanced geothermal energy producers in North America. Liberty also owns and operates Liberty Power Innovations LLC, providing advanced distributed power and energy storage solutions for the commercial and industrial, data center, energy, and mining industries. Liberty was founded in 2011 with a relentless focus on value creation through a culture of innovation and excellence and the development of next generation technology. Liberty is headquartered in Denver, Colorado. For more information, please visit www.libertyenergy.com and www.libertypowerinnovations.com, or contact Investor Relations at IR@libertyenergy.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250129091297/en/
Michael Stock
Chief Financial Officer
Anjali Voria, CFA
Director of Investor Relations
303-515-2851
Source: Liberty Energy Inc.
FAQ
Why did Liberty Energy (LBRT) change its CEO in 2024?
Liberty Energy’s CEO change occurred due to former CEO Chris Wright’s confirmation as U.S. Secretary of Energy, leading to Ron Gusek’s appointment as the new CEO.
Who is the new CEO of Liberty Energy (LBRT)?
Ron Gusek, who previously served as Liberty’s President since November 2016, was appointed as the new CEO of Liberty Energy.
What experience does Liberty Energy’s (LBRT) new CEO Ron Gusek have?
Ron Gusek brings nearly 30 years of experience, including roles as Liberty’s President, VP of Technology and Development, and previous positions at Sanjel , Zodiac Exploration, and Pinnacle Technologies.
Who is the new Chairman of Liberty Energy’s (LBRT) Board?
William Kimble, who has served on Liberty’s Board since 2018 and as Lead Director since October 2018, was elected as the new non-executive Chairman of the Board.
What are Liberty Energy’s (LBRT) strategic priorities under the new CEO?
Under new CEO Ron Gusek, Liberty Energy is focusing on accelerating the development of its power business and advancing technology innovation in completions services.
