U.S. oilfield services firm Liberty Energy said on Monday it plans to appoint Ron Gusek as its CEO if current Chief Executive Chris Wright is confirmed as the U.S. Secretary of Energy.
President-elect Donald Trump named Wright, who founded Liberty in 2011, as his pick to lead the energy department on Saturday.
Wright’s appointment is subject to confirmation by the U.S. Senate, which the Republicans will control by narrow margins next year.
The company said Wright, an advocate for fossil fuel usage, would continue in his current positions as CEO and chair until the confirmation from the Senate occurs.
Denver-based Liberty’s board also intends to appoint William Kimble as its non-executive chair, the company said.
Shares of the company were up 6.8% in premarket trading.
(Reporting by Sourasis Bose in Bengaluru; Editing by Shounak Dasgupta and Shreya Biswas)