NCS Multistage Holdings Inc. appointed Ryan Hummer CEO and a Class II director of the company's board of directors, a press release announced on July 31.

Current co-founder and CEO Robert Nipper plans to retire effective Nov. 1, 2022 but will remain a member of the board of directors.

Hummer currently serves as CFO and treasurer, positions he's held since November 2016 and March 2020 respectively. During his tenure at NCS, he served as executive vice president of corporate development, as well as vice president of corporate development.

Prior to joining the company, Hummer served as director of investment banking at Lazard Freres & Co., where he advised clients on M&A, restructuring and debt and equity capital raises from 2011 to 2014. He also earned his undergraduate in economics from the University of Pennsylvania.

"As CEO, I am committed to building on Robert’s legacy by continuing to capture the significant opportunities ahead of us by delivering exceptional technology and service to our customers and maintaining the values and culture that have made NCS such a successful company and special place to work," Hummer commented in the release.

"I am honored and excited to have the opportunity to work with our talented leadership team and employees to advance our business strategy."

Nipper co-founded NCS in 2006 and has since served as CEO from December 2012 to April 2016, executive chairman from April 2016 to February 2017 and CEO again from November 2016 to present.

Prior to helping found the company, he held various operations and sales management positions with Tri-State Oil Tools Inc. and Baker Hughes, gaining over 30 years of industry experience.

During his time in the industry, Nipper has invented and patented several downhole oil and natural gas technologies and geothermal service equipment.

“It’s impossible to adequately express my immense gratitude to all the wonderful NCS people and for their extraordinary efforts — starting from an idea — to build our company and create our unique culture together," he said in the release. "We are only as good as our people, and I continue to believe we have the best team in the industry.”