Oil States International Announces CEO Transition and Leadership Succession Plan
Oil States International has officially announced that Cindy Taylor, the company’s President and Chief Executive Officer, has informed the Board of Directors of her decision to retire, marking the conclusion of a distinguished leadership tenure, and the Board has appointed Lloyd Hajdik, currently serving as Executive Vice President, Chief Financial Officer, and Treasurer, as her successor, with his appointment as President and Chief Executive Officer set to take effect on May 1, 2026, while he will also join the Board of Directors upon assuming the role, ensuring continuity in leadership and governance as the company transitions into its next phase of growth
Transition Timeline and Continued Advisory Role
As part of a carefully structured succession plan designed to maintain stability and continuity, Cindy Taylor will remain actively engaged with the company in a consulting capacity through October 31, 2026, providing strategic guidance and support during the transition period, and this approach reflects the Board’s long-standing commitment to thoughtful leadership planning, ensuring that institutional knowledge is preserved while enabling a seamless handover of responsibilities to the incoming CEO
Board Recognition of Cindy Taylor’s Leadership Legacy
According to Robert L Potter, Chairman of the Board of Oil States International, Cindy Taylor’s contributions to the company have been both significant and enduring, as he emphasized that her more than twenty-five years of service, including nineteen years as Chief Executive Officer, have guided the organization through multiple industry cycles, shaping a corporate culture rooted in integrity, innovation, and operational excellence, and her leadership has positioned Oil States as a resilient and forward-looking enterprise capable of adapting to evolving market conditions
Confidence in Lloyd Hajdik’s Leadership Capabilities
The Board has expressed strong confidence in Lloyd Hajdik’s ability to lead the company into its next chapter, highlighting his proven leadership skills, deep understanding of the business, and consistent track record of accomplishments, and his role in shaping the company’s strategic direction, particularly in enhancing stockholder returns, has been instrumental in strengthening Oil States’ financial and operational foundation, ensuring that the transition to his leadership will be both smooth and effective
Cindy Taylor Reflects on Her Tenure
Cindy Taylor described her time as Chief Executive Officer as a privilege, expressing gratitude to the company’s employees and Board of Directors for their ongoing support and collaboration, and she noted that over the years, Oil States has built a strong organizational foundation characterized by a clean balance sheet, minimal debt levels, a record backlog of business, advanced technological capabilities, and a highly focused leadership team, all of which position the company for continued success in the years ahead
Endorsement of Successor and Organizational Strength
In reflecting on the transition, Cindy Taylor also emphasized her confidence in Lloyd Hajdik’s leadership, noting their twelve years of professional collaboration and highlighting his deep familiarity with the company’s operations, workforce, and customer base, and she expressed her belief that the organization is well-prepared for the transition, with a strong team and clear strategic direction that will support ongoing growth and innovation under new leadership
Lloyd Hajdik’s Vision for the Future
Lloyd Hajdik has expressed his appreciation for the opportunity to lead Oil States International, acknowledging the trust placed in him by the Board and recognizing the significant contributions made by Cindy Taylor in building the company into a resilient and innovative organization, and he outlined his commitment to building upon this legacy by working closely with the company’s talented workforce to drive continued operational excellence, deliver critical technologies, and support safe, efficient, and reliable energy production worldwide while also focusing on creating long-term value for stockholders
Professional Background of Lloyd Hajdik
Lloyd Hajdik brings extensive experience in finance and leadership to his new role, having joined Oil States International in December 2013 and serving as Executive Vice President, Chief Financial Officer, and Treasurer since May 2016, following an earlier tenure as Senior Vice President and Chief Financial Officer, and prior to joining the company, he held the position of Chief Financial Officer at GR Energy Services, LLC, and spent nearly a decade at Helix Energy Solutions Group, Inc., where he served in various financial management roles, including Senior Vice President of Finance and Chief Accounting Officer
Early Career and Industry Experience
Before his time at Helix, Lloyd Hajdik built a strong foundation in accounting and finance through roles at several prominent Houston-based organizations, including NL Industries, Compaq Computer Corporation, now part of Hewlett Packard, Halliburton, Cliffs Drilling Company, and Shell Oil Company, and he began his professional career with Ernst & Young, where he worked in the audit practice from 1989 to 1995, gaining valuable experience that has contributed to his comprehensive understanding of financial management and corporate governance
Industry Engagement and Professional Credentials
In addition to his corporate responsibilities, Lloyd Hajdik serves as an Advisory Board Member for the Energy Workforce and Technology Council and maintains professional credentials as a Certified Public Accountant, while also being a member of Financial Executives International, reflecting his active engagement with industry organizations and his commitment to maintaining high standards of professional excellence and leadership within the energy sector
Appointment of New Chief Financial Officer
As part of the leadership transition, Oil States International has also announced the appointment of Matthew E Autenrieth as Executive Vice President, Chief Financial Officer, and Treasurer, with his new role taking effect concurrently with Lloyd Hajdik’s appointment as CEO on May 1, 2026, ensuring continuity in the company’s financial leadership and strategic planning capabilities
Matthew Autenrieth’s Experience and Contributions
Matthew Autenrieth joined Oil States International in December 2007 and has held a series of progressively responsible roles within the organization, most recently serving as Vice President of Finance and Assistant Treasurer, and throughout his tenure, he has been responsible for key financial functions including treasury administration, corporate development, risk management, and financial planning and analysis, serving as a trusted advisor to the executive management team and playing a critical role in managing lender relationships, credit facilities, and debt financing initiatives
Strategic Role in Corporate Development
Autenrieth has also been instrumental in evaluating and executing strategic acquisitions and divestitures, developing long-term financial forecasting and modeling initiatives, and overseeing the company’s business risk insurance portfolio, demonstrating his ability to manage complex financial operations and contribute to the company’s strategic growth objectives, and his academic background includes both an M.B.A. and a Bachelor of Business Administration in Finance from Houston Christian University
Strengthening Executive Leadership Team
In his new role, Matthew Autenrieth will assume responsibility for all financial functions within Oil States International, reporting directly to the Chief Executive Officer and serving as a key member of the executive leadership team, ensuring alignment between financial strategy and overall corporate objectives while supporting the company’s continued growth and operational excellence
Overview of Oil States International
Oil States International is a global provider of manufactured products and services serving customers in the energy, military, and industrial sectors, offering highly engineered capital equipment and consumable products designed to meet the demanding requirements of these industries, and the company operates manufacturing and service facilities strategically located around the world, enabling it to deliver innovative solutions and reliable support to its diverse customer base
Global Presence and Market Position
Headquartered in Houston, Texas, Oil States International maintains a strong presence in key global markets and is publicly traded on the New York Stock Exchange under the symbol OIS, reflecting its established position within the energy services industry and its ongoing commitment to delivering value to stockholders through innovation, operational efficiency, and strategic growth initiatives
Positioning for Continued Growth and Success
The announced leadership transition represents a significant milestone for Oil States International as it builds on its strong foundation and prepares for the future, and with a carefully planned succession strategy, experienced leadership team, and clear focus on operational excellence and innovation, the company is well-positioned to continue delivering critical technologies and services that support energy production while driving long-term value for its stakeholders and maintaining its reputation as a trusted industry leader
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