STEP Energy Services Ltd. announced that Mr. Regan Davis, STEP's chief executive officer, will retire as CEO of STEP effective September 30, 2022. Mr. Davis is a founding member of STEP and served as its CEO since the Company's inception in 2011. Steve Glanville, STEP's current President and Chief Operating Officer will assume the President and CEO role and replace Mr. Davis as an executive director on STEP's board.

Mr. Rory Thompson, STEP's current President of Canadian Operations will assume the role of Chief Operating Officer. Mr. Davis will remain with STEP in an advisory capacity until the end of the year to assist with the transition.