Succession Plan for Target Hospitality

In a strategic move, Eric T. Kalamaras and Target Hospitality Corp. have reached a mutual agreement for his departure as Chief Financial Officer on January 22, 2024. This decision, driven by Kalamaras’ pursuit of other interests, was made amicably, with no disagreements on matters pertaining to the company. The departure signifies a transition in leadership dynamics within the organization.

Following Kalamaras’ departure, Jason Vlacich has been promoted to the crucial role of CFO and Chief Accounting Officer. His appointment comes with a revised compensation package featuring a base salary of $410,000 and additional incentives, underscoring the company’s commitment to attracting and retaining top-tier talent.

Simultaneously, Troy Schrenk has been elevated to Senior Executive Vice President of Operations and Chief Commercial Officer. This strategic move is complemented by an increased salary of $400,000, aligning with Schrenk’s expanded responsibilities and highlighting his contributions to the company’s success.

While specific details regarding these new agreements are set to be disclosed in the future, the company’s proactive communication reflects its commitment to transparency and openness with stakeholders. These changes in executive leadership at Target Hospitality Corp signify a dynamic and forward-looking approach as the company navigates its future trajectory in the competitive landscape.

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