Precision Drilling Corporation announced that Robert (Bob) Phillips, Chairman of the Board of Directors will not be standing for re-election and will retire from company's Board at the conclusion of company's Annual and Special Meeting of Shareholders on May 17, 2017. Steven Krablin, a current member of the Board will succeed Mr. Phillips as Chairman, subject to his re-election as a director to the Board at the Annual Shareholders Meeting. Mr. Krablin was appointed to the Board in May 2015. He has over 30 years of experience as a corporate executive in the energy industry. He served as President, Chief Executive Officer and Chairman of the Board of T-3 Energy Services Inc.