Helmerich & Payne Appoints Todd Scruggs as CFO Effective July 1, 2026
Helmerich & Payne will transition CFO Kevin Vann to retirement on June 30, 2026, appointing Todd Scruggs as his successor on July 1, 2026, with Vann remaining as senior advisor through December. The move aligns under CEO Trey Adams to support disciplined capital allocation, balance-sheet de-leveraging and ongoing integration efforts.
1. Executive Leadership Update
Helmerich & Payne under CEO Trey Adams announced a reshuffle of its executive leadership, highlighted by the retirement of CFO Kevin Vann and the promotion of Todd Scruggs to SVP and CFO. Other reporting-line changes have been made to align the leadership team with strategic execution priorities.
2. CFO Transition Plan
Kevin Vann will retire from his role on June 30, 2026 and then serve as a senior advisor through December 31, 2026 to ensure a smooth handover. Todd Scruggs, currently VP of Corporate Finance and Treasury, will become CFO on July 1, 2026, leading capital allocation and financial planning.
3. Strategic Focus and Integration
The leadership changes are intended to support disciplined capital allocation, continued de-leveraging of the balance sheet and accelerated integration of recent acquisitions. Under Scruggs’s financial stewardship and Adams’s oversight, H&P aims to strengthen operational performance and drive long-term value creation.
4. Executive Backgrounds
Todd Scruggs brings experience from energy trading and M&A roles, including leading over $10 billion in transactions at WPX Energy and serving as a partner at Veriten before joining H&P in 2024. Kevin Vann’s tenure included overseeing the KCA Deutag acquisition and integration, contributing to improved operational metrics.