Oil States International announced that Cindy Taylor will retire as president and CEO, effective May 1, 2026, and that Executive Vice President, Chief Financial Officer and Treasurer Lloyd Hajdik will assume the role of president and CEO on the same date. The announcement was made on March 23, 2026.
Taylor, who has led the company for 25 years and 19 years as CEO, guided a strategic pivot from land‑based services to offshore and international manufacturing. She will remain in a consulting capacity through October 31, 2026, to support a smooth transition.
The company also confirmed that Matthew Autenrieth will become CFO and Treasurer effective May 1, 2026, and that Hajdik will join the board of directors upon assuming the CEO role.
Oil States reported fourth‑quarter 2025 results that exceeded expectations. Revenue rose 8% sequentially to $178.46 million, while adjusted net income of $0.13 per share beat the consensus estimate of $0.10 per share by $0.03. The earnings beat was driven by strong performance in the Offshore Manufactured Products segment, which grew revenue and maintained high margins, and by disciplined cost management that offset a modest slowdown in land‑based services.
The company’s focus on offshore and international markets now accounts for more than 77% of its business, a shift that has positioned it for higher‑margin growth. The CEO transition, led by an internal candidate with deep knowledge of the company’s strategy, is intended to preserve continuity while accelerating the offshore expansion that has become a core driver of profitability.
With a clean balance sheet, little to no debt, and a record backlog, Oil States is well positioned to capitalize on its high‑margin product lines. The leadership change signals confidence in the company’s strategic direction and its ability to sustain growth in a competitive industry.
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