PHX Energy Announces Leadership Succession: A New Era of Growth and Innovation

PHX Energy Services Corp. ("PHX Energy" or the "Corporation") (TSX: PHX) has announced a significant leadership transition, with John Hooks, the Corporation's founder and current Chief Executive Officer ("CEO"), transitioning to the role of Executive Board Chair effective March 1, 2025. The Board of Directors has appointed Michael Buker, currently the Corporation's President, as the new CEO. This strategic move is part of the Corporation's succession plan, ensuring continuity in business strategy and operations while driving future growth and innovation.



Michael Buker, a seasoned executive with nearly two decades of experience at PHX Energy, has been instrumental in driving the Corporation's growth and success. As the incoming CEO, Mr. Buker will actively lead the Corporation's future strategic development and growth, building upon the legacy of John Hooks. The Board is confident that under Mr. Buker's leadership, the focus on operational growth and investor interest will continue. Mr. Buker's extensive experience in various senior management positions, including sales and marketing management, operations management, and international business development, will be invaluable in driving the company's success moving forward.



In addition to Mr. Buker's appointment, the Board has also announced the promotion of Jeffery Shafer to Chief Operating Officer and Craig Brown to Chief Technology Officer. These strategic appointments will further strengthen PHX Energy's executive team and contribute to the company's operational efficiency and technological advancements. Mr. Shafer, with over 25 years of service at PHX Energy, has played a pivotal role in driving the Corporation's sales teams to capture significant market share in both the Canadian and US markets. Mr. Brown, a valued member of PHX Energy for over 13 years, has been instrumental in shaping and advancing the company's technology portfolio, a key driver in its clients' performance.



The transition of John Hooks to Executive Board Chair and Michael Buker to CEO is part of a well-planned succession strategy that ensures the Corporation's continued growth and success. With a strong executive team in place and a proven track record of high-functioning leadership, PHX Energy is poised to maintain its position as an industry leader and drive further growth and innovation under the guidance of its new CEO, Michael Buker.

As PHX Energy enters this new era, investors can expect a continued focus on operational excellence, technological advancements, and shareholder rewards. The company's strong financial performance, coupled with its commitment to growth and innovation, positions it well to capitalize on emerging opportunities in the energy sector. With a new CEO at the helm and a robust executive team in place, PHX Energy is well-equipped to navigate the challenges and opportunities that lie ahead, ultimately driving long-term success for the company and its stakeholders.