Unit’s CEO announces retirement

New leadership is coming to Tulsa’s Unit Corporation as Larry D. Pinkston has retired as Chief Executive Officer and President. He will be replaced by David T. Merrill effective April 1, 2020.

Pinkston, who joined the company in 1981 and became Chief Financial Officer in 1989, will remain on Unit’s Board of Directors. His retirement is part of the company’s succession planning process started in 2017.

Merrill joined the company in August 2003 and served as its Vice President of Finance until February 2004 when he was elected to the position of Chief Financial Officer and Treasurer, positions he held until November 2017. He has served as the company’s Chief Operating Officer since August 2017.

Larry Pinkston said: “David has performed in an exemplary fashion in all of his earlier roles and is prepared to assume leadership of the company.”

David Merrill said: “I am thankful for Larry’s leadership and counsel over my nearly 17 years with the company. Over the past few years, I have been engaged in all operational aspects of the company and its subsidiary companies. As we move forward, we will focus on overcoming the challenges that our company and industry face. We will use our strengths and strategic acumen, teamwork, and focus to improve on our performance, and I look forward to many future successes.”

Michael Adcock, Unit’s Board Chairman, said: “After nearly 39 years of service, Larry’s retirement is very well deserved. We look forward to his continuing service on the Board and wish him the best in his retirement.”

Source: Business Wire