Mammoth Energy Services Inc. has announced a change in its management team. Phil Lancaster, the current Chief Executive Officer, will step down from his role effective June 30, 2025, and transition to become an employee of Peak Utility Services Group, Inc. on July 1, 2025. In addition, Mammoth's board of directors has appointed him as a non-voting observer of the board starting June 11, 2025. His son, B. Lancaster, who has over 11 years of experience with various Mammoth subsidiaries, has been appointed as the new Chief Operating Officer of the company.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.