ProFrac Holding Corp. Announces CFO Transition

Company Leadership Changes - ProFrac Holding Corp. announced the resignation of Lance Turner as Chief Financial Officer (CFO), effective June 17, 2024, with plans for him to serve as a consultant during the transition to the new CFO, Austin Harbour [1][2] - Matt Wilks, ProFrac's Executive Chairman, expressed gratitude for Turner's contributions to the company's financial management and strategic direction, highlighting his role in strengthening the balance sheet and enhancing liquidity [1] New CFO Profile - Austin Harbour, the new CFO, has extensive industry experience, having worked in the energy & power investment banking group at Piper Sandler Companies from 2021 to 2024, and previously from 2012 to 2015 [2][3] - Harbour's background includes significant roles in energy services and equipment, advising on major M&A and restructuring transactions, and serving as CFO at Superior Energy Services for its North American business [3] Company Overview - ProFrac Holding Corp. is a technology-focused, vertically integrated energy services holding company that provides hydraulic fracturing, proppant production, and other completion services to upstream oil and natural gas companies in North America [4] - Founded in 2016, ProFrac aims to be the primary service provider for hydraulic fracturing needs, focusing on employing new technologies to reduce greenhouse gas emissions and increase efficiency in the unconventional exploration and production process [4]