RPC Taps Finance Veteran Wesley Slagle for Board Amid Market Strength

ATLANTA, GA – April 29, 2026 – RPC, Inc. (NYSE: RES), a major provider of oilfield services, today announced the election of Wesley N. Slagle to its Board of Directors. The appointment brings a seasoned financial strategist with deep experience in capital management and strategic investment to the company’s leadership as it navigates a dynamic energy market.

Mr. Slagle, the current President of RFA Management Company, LLC, joins the board with a distinguished resume that spans elite finance, corporate management, and military service. His appointment was met with strong endorsement from RPC's leadership.

"Wes Slagle's financial and operational knowledge brings capital allocation, strategic planning, and meaningful investment experience to the Board," said Richard A. Hubbell, Executive Chairman of the Board of RPC, Inc., in the company’s official announcement. "We look forward to his contributions to our board in the years ahead."

This move is widely seen as a strategic enhancement of RPC's governance, equipping the board with sophisticated financial oversight at a time of both opportunity and volatility for the oil and gas industry.

A Strategist in Capital Allocation

Wesley Slagle’s career is marked by high-level roles focused on complex financial management. Before his current position, he spent eight years at Goldman Sachs, from 2014 to 2022, where he rose to become a Managing Director and served as the Mid-Atlantic Region Head of the firm's Private Wealth Management division. In this capacity, he was responsible for advising high-net-worth individuals and families on intricate investment strategies and long-term asset allocation, demonstrating a profound understanding of capital deployment and risk management.

His current role as President of RFA Management Company, LLC—described as a Single Family Office (SFO) based in Atlanta—further underscores this expertise. SFOs manage the comprehensive financial affairs of a single affluent family, requiring a holistic approach to wealth preservation, growth, and intergenerational planning. As president, Slagle oversees complex financial operations and guides wealth management strategies, a skill set that translates directly to the corporate boardroom.

For a company like RPC, which operates in the capital-intensive oilfield services sector, this expertise is invaluable. The ability to strategically allocate capital—deciding when to invest in new equipment, pursue acquisitions, return cash to shareholders, or pay down debt—is critical to long-term success. Slagle’s background suggests he will be a powerful voice in shaping a disciplined and forward-looking financial strategy for the company.

Navigating a Shifting Energy Landscape

Slagle’s appointment comes at a pivotal moment for RPC and the broader oilfield services industry. The company's stock (NYSE: RES) has been performing strongly, trading near its 52-week high with a year-to-date return of 46.8% and a 64.3% gain over the past year. This performance reflects a broader recovery and renewed investor confidence in the energy sector.

However, the industry remains notoriously cyclical. While RPC reported revenues of $426 million in its fourth-quarter 2025 results, this figure represented a 5% sequential decline, and its adjusted earnings per share of $0.04 missed analyst projections. This highlights the inherent volatility and the need for astute financial stewardship.

RPC currently boasts a strong balance sheet, holding more cash than debt and maintaining a healthy current ratio of 3.24. The addition of an expert in capital allocation like Slagle is particularly timely, as it positions the company to effectively deploy its financial resources to fuel growth and enhance shareholder value. The board recently declared a quarterly cash dividend of $0.04 per share, a move that aligns with a disciplined approach to capital returns. Slagle's experience will likely prove crucial as RPC weighs future investments against shareholder distributions while preparing for its first-quarter 2026 earnings announcement on May 7.

Diverse Expertise for Modern Governance

Beyond his formidable financial credentials, Slagle brings a uniquely diverse background that strengthens the board's overall composition. He is a graduate of the United States Naval Academy with a B.S. in systems engineering and holds an MBA from Emory University. His early career as an officer in the U.S. Navy, where he served aboard a nuclear-powered fast attack submarine, instilled a foundation of discipline, technical proficiency, and leadership under extreme pressure.

This experience is complemented by corporate roles at GE Energy and AllianceBernstein, giving him a multi-faceted perspective on industrial operations and investment management. This blend of military precision, engineering logic, and financial acumen is increasingly sought after in corporate governance. Modern boards are expected to provide oversight not just on financial performance but also on operational risk, long-term strategy, and technological adaptation.

Slagle's appointment signals a move by RPC to build a board that reflects the complex, interconnected challenges of the modern energy sector. By adding a director whose experience transcends the traditional oil patch, the company is enhancing its capacity for robust risk management and comprehensive strategic planning.

A Sign of Broader Industry Trends

The decision to bring Wesley Slagle onto the board is indicative of a larger trend within the oil and gas industry. As the sector confronts market volatility, the global energy transition, and rapid technological change, companies are recognizing that purely operational expertise is no longer sufficient. Leadership and governance now demand a more sophisticated and diverse skill set.

Boards across the industry are increasingly recruiting directors with deep backgrounds in finance, technology, and strategic planning to help navigate these new realities. These leaders are essential for guiding companies through complex decisions related to decarbonization, digital transformation, and competitive positioning in a global market. Slagle’s appointment places RPC firmly within this forward-thinking cohort, signaling to investors that the company is proactively equipping itself with the strategic foresight needed to thrive in the decades to come. His presence is expected to fortify the company's financial discipline and strategic agility as it continues to serve the exploration and production needs of its clients across the United States and in select international markets.