Midland-based ProPetro has announced the departure of its Chief Financial Officer (CFO), David Schorlemer, effective March 3.
A press release from ProPetro stated that Celina A. Davila, the company's Chief Accounting Officer and Principal Accounting Officer, will serve as interim CFO following Schorlemer's exit.
ProPetro CEO Sam Sledge expressed gratitude for Schorlemer's contributions. "David has brought stability, experience and a strong commercial mindset to our executive team," Sledge said. "Through his leadership, we have executed several accretive transactions, instituted a successful share repurchase program and developed deep and talented finance, accounting and technology functions." He added that a search for Schorlemer’s replacement is underway.
Sledge also emphasized Davila’s experience and leadership since becoming Chief Accounting Officer in 2023. "With the strong team she and David have helped to build, I am confident in our ability to continue executing at a high level," he said.
ProPetro has not provided a timeline for appointing a permanent CFO but stated it remains focused on maintaining financial strength. The company expects a smooth transition and will update stakeholders as the process advances.