The Board of Directors (the Board) of Precision Drilling Corporation (Precision) announced today that, as part of its long-standing succession plan, Mr. Carey Ford has been appointed as President and Chief Executive Officer and as a member of the Board. He succeeds Kevin Neveu, who has retired after serving as President and Chief Executive Officer and as a member of the Board since 2007.

Mr. Ford joined Precision in 2011 and has served as Chief Financial Officer since 2016, guiding the company's financial strategy and strengthening investor confidence through several industry cycles. He has also led all finance, capital markets, and corporate development activities and multiple operational support functions during his time as Chief Financial Officer, giving him a deep understanding of Precision's business and its global operations.