HOUSTON, July 31, 2022 (GLOBE NEWSWIRE) — NCS Multistage Holdings, Inc. NCSM (the “Company”, “NCS”, “we” or “us”) announced today that Mr. Robert Nipper, the Company’s founder, current Chief Executive Officer and member of the Board of Directors (the “Board”) plans to to retire and has submitted his resignation from his position as Chief Executive Officer effective November 1, 2022. Mr. Nipper will remain on the board after his retirement. The Company’s Board of Directors has appointed Mr. Ryan Hummer to succeed Mr. Nipper as Chief Executive Officer. At that time he will also join the Board as a Class II Director with a term ending at the 2025 AGM. Mr. Hummer currently serves as Chief Financial Officer and Treasurer and his successor will be the subject of a future announcement as the Company undergoes a search for internal and external candidates.

Michael McShane, Chairman of our Board, said, “Our announcement is the result of a thoughtful and thoughtful succession planning process, and Ryan was the Board’s clear and unanimous choice as the next CEO. He is the right leader to succeed Robert and help NCS act today and capitalize on the opportunities that lie ahead. On behalf of the board, I would like to thank Robert for his incredible leadership and dedication, and we are confident that his knowledge of the company and the industry will continue to be an asset to our board.”

Mr. Nipper commented, “It has been an honor to lead NCS since its inception. It has been my pleasure to have worked with Ryan for many years and I am pleased to commend his appointment as Chief Executive Officer of NCS. Mr. Hummer joined the company in 2014 and has been instrumental in our success and has earned the respect and trust of myself, our board and our employees. This transition is a great development – and Ryan’s character, knowledge of NCS and his proven leadership skills make him ideally suited to serve as our next CEO….