STEP Energy Services Announces New Independent Director and Retirement of Jason Skehar
STEP Energy Services Ltd. is pleased to announce the appointment of Mr. Edward LaFehr as an independent director of the company's board of directors, effective November 1, 2023. With 40 years of experience in the energy industry, LaFehr brings valuable expertise in managing large onshore and offshore E&P assets. He currently serves as a director of Vaalco Energy, Inc. and has held various leadership positions in prominent energy companies.
STEP Energy Services also announces the retirement of Mr. Jason Skehar, a board member since June 2012. Skehar made significant contributions to the company's HSE, Compensation and Corporate Governance, and Audit Committees.
Following these changes, STEP's board of directors now consists of seven members. Ms. Rachel Moore has been appointed to the Audit and C&CG Committees, while Mr. LaFehr will chair the HSE Committee. Ms. Evelyn Angelle assumes the role of lead director for STEP's board of directors.
Steve Glanville, President and CEO of STEP, expressed his pleasure in welcoming LaFehr to the board and acknowledged Skehar's invaluable contributions to the company.
In conclusion, these changes in STEP Energy Services' board composition bring new insights and expertise to the company, ensuring continued strategic growth and effective governance.
Board Changes at STEP Energy Services: Implications for New Businesses
The recent changes in the board of directors at STEP Energy Services Ltd. offer key insights for new businesses. The appointment of Edward LaFehr, a seasoned professional with 40 years of experience in the energy industry, underscores the importance of experience and industry knowledge in leadership roles.
Value of Experience and Expertise
LaFehr's vast experience in managing large onshore and offshore E&P assets will undoubtedly bring valuable insights and expertise to STEP. For new businesses, this highlights the importance of appointing leaders who not only have relevant industry knowledge, but also a proven track record of effective management.
Recognizing Contributions
The retirement of Jason Skehar, who made significant contributions to the company's HSE, Compensation and Corporate Governance, and Audit Committees, also emphasizes the importance of recognizing and appreciating the contributions of team members. This can foster a positive company culture, which is crucial for new businesses.
In conclusion, the board changes at STEP Energy Services demonstrate the importance of strategic leadership appointments and recognition of team contributions. These factors can significantly impact a new business's growth trajectory and overall success.
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