Liberty Energy appoints Ron Gusek as CEO (updated)

Liberty Energy

04/02/2025 01:10

(Adds background and details from the statement)
       Feb 3 (Reuters) - U.S. oilfield services firm Liberty Energy  LBRT.N  on Monday
appointed Ron Gusek as CEO to replace Chris Wright, who has been tapped as the U.S. Secretary of
Energy. 
    Wright will be in charge of an agency whose budget is approximately $50 billion, around half
of which funds the maintenance of the country's nuclear weapons stockpile.
    In November last year, the company announced its plans to appoint Ron Gusek as CEO, who has
served as the president of Liberty since November 2016, if Wright was confirmed as the Energy
Secretary. 
    Last month, Liberty Energy reported a fourth-quarter 2024 net income of $52 million and said
they anticipate a modest sequential increase in both revenue and adjusted EBITDA for the first
quarter of 2025. 
    
    

 (Reporting by Harshita Meenaktshi in Bengaluru; Editing by Alan Barona)
 ((HarshitaMeenaktshi.R@thomsonreuters.com))