Geospace Technologies Welcomes New EVP and Launches Buyback Program

Geospace Technologies (GEOS) has shared an announcement.

Richard Kelley joins the Company as the new Executive Vice President and Chief Operating Officer, bringing a wealth of experience from the seismic industry and a strong background in operational management. With previous leadership roles at Sercel, Inc., and expertise from other manufacturing and technology firms, Kelley is set to enhance the Company’s Adjacent Markets business segment. Additionally, the Company announces a new stock repurchase program, permitting the buyback of up to $5 million in stock, signaling confidence in its financial position and a commitment to shareholder value.

Learn more about GEOS stock on TipRanks’ Stock Analysis page.