WILLOW
PARK, Texas, May 16, 2024
/PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC)
("ProFrac", or the "Company") today announced that Lance Turner will resign from his position as
Chief Financial Officer (CFO) effective June
17, 2024. Mr. Turner has agreed to serve as a consultant
following his separation from the Company to ensure a smooth and
successful transition to the new CFO, Austin Harbour.
"Lance has been a valued member of our executive team for the
past two years, and I want to thank him for his many contributions
to ProFrac," said Matt Wilks,
ProFrac's Executive Chairman. "He has been an integral part of our
transformation. Lance's significant contributions to the financial
management and strategic direction of the Company, as well as his
efforts to strengthen our balance sheet and enhance our liquidity,
have positioned the Company well for the future. We wish him the
best in his future endeavors.
"I also want to welcome Austin
Harbour as our new CFO," continued Mr. Wilks. "He has
extensive industry experience, and we expect he will be a valuable
asset going forward as we execute our strategy and capitalize on
opportunities in the marketplace."
More about Austin
Harbour
Prior to joining ProFrac, Mr. Harbour worked in the energy &
power investment banking group at Piper Sandler Companies from 2021
to 2024. He was previously with the firm from 2012 to 2015. During
his career, Mr. Harbour has focused primarily on energy services
and equipment, including advising on some of the largest M&A
and restructuring transactions in the sector. Prior to joining
Piper Sandler, Harbour served at
Superior Energy Services as the CFO of its North American business
from 2020 to 2021, worked at Lazard Freres from 2015 to 2020, and
Bank of America Merrill Lynch from 2011 to 2012. Prior to business
school, Mr. Harbour began his career with D.R. Horton, Inc. with
the majority of his tenure in land acquisition and land development
in the company's Las Vegas Division. Harbour holds a Master of
Business Administration degree from Texas
A&M University and a bachelor's degree from Texas Christian University.
About ProFrac Holding Corp.
ProFrac Holding Corp. is a technology-focused, vertically
integrated, innovation-driven energy services holding company
providing hydraulic fracturing, proppant production, other
completion services and other complementary products and services
to leading upstream oil and natural gas companies engaged in the
exploration and production ("E&P") of North American
unconventional oil and natural gas resources throughout
the United States. Founded in
2016, ProFrac was built to be the go-to service provider for
E&P companies' most demanding hydraulic fracturing needs.
ProFrac is focused on employing new technologies to significantly
reduce "greenhouse gas" emissions and increase efficiency in what
has historically been an emissions-intensive component of the
unconventional E&P development process. ProFrac Corp. operates
in three business segments: stimulation services, proppant
production and manufacturing. For more information, please visit
ProFrac's website at www.PFHoldingsCorp.com.
Contacts:
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ProFrac Holding
Corp.
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Steven Scrogham – Chief
Legal Officer
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Michael Messina –
Director of Finance
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investors@pfholdingscorp.com
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Dennard Lascar Investor
Relations
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Ken Dennard / Rick
Black
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ACDC@dennardlascar.com
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SOURCE ProFrac Holding Corp.