Cesar Jaime
PATTERSON UTI ENERGYAbout Cesar Jaime
Independent director at Patterson-UTI Energy (PTEN) since April 2022; age 66. Former Schlumberger executive with 30 years in international oilfield services, including President of Schlumberger’s Latin America business (2008–2010). Holds a B.S. in Electrical Engineering from Pontificia Universidad Javeriana (Bogotá). The Board cites his international operations background across Latin America, Europe, and Africa, and experience in operations, sales, and human resource management as key credentials .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Schlumberger | Various management positions; President, Latin America | 1981–2010; President 2008–2010 | Led SLB’s Latin America operations; broad experience in operations, sales, HR across multiple regions |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Summum Group Ltd (Colombia/Mexico/Peru) | Director | 2014–2022 | Well servicing and oil & gas engineering and construction provider |
| LAREIF (Colombia) | Director | 2014–2019 | Renewable energy developer |
| Alliance Schlumberger (non-profit) | Board member | 2019–present | Association of former Schlumberger engineers |
Board Governance
- Independence: Board determined Mr. Jaime is independent under Nasdaq standards .
- Committee assignments (2024):
- Audit Committee (member). Committee met 5 times in 2024; Chair: T.J. Cepak; audit financial expert: T.J. Cepak .
- Sustainability Committee (member). Committee met 5 times in 2024; Chair: Amy Nelson .
- Attendance: The Board met 9 times in 2024; each then-serving director attended at least 75% of Board and applicable committee meetings .
- Leadership: Independent Chairman; roles of Chair and CEO are separated; independent Vice Chairman also in place .
- Governance policy (NexTier merger): Through Sep. 1, 2025, committees are balanced between PTEN and NexTier designees; Mr. Jaime is a PTEN designee .
- Related person transactions: Board reviewed relationships since start of 2024; no Jaime-related transactions disclosed. A relationship for another director (Stewart) was considered immaterial relative to revenue; broader related party policy is administered by the Audit Committee .
Fixed Compensation
| Component (Non-Employee Director) | Amount (USD) | Source/Notes |
|---|---|---|
| Annual base cash retainer | 100,000 | Standard for all non-employee directors |
| Audit Committee – member retainer | 10,000 | Committee fee schedule |
| Sustainability Committee – member retainer | 7,500 | Committee fee schedule |
| Total cash fees (2024 reported) | 117,500 | Matches director compensation table for Jaime |
Performance Compensation
| Equity Award | Grant Date | Units | Grant Date Fair Value (USD) | Notes |
|---|---|---|---|---|
| Restricted Stock Units (RSUs) | Jan 1, 2024 | 16,203 | 174,992 | Standard annual director RSU award at $175k grant-date value |
- Director EQ structure: Annual RSUs granted on Jan 1; equity is time-based (no performance metrics disclosed for director grants) .
Other Directorships & Interlocks
| Category | Details |
|---|---|
| Current public company boards | None disclosed for Mr. Jaime |
| Prior public company boards | None disclosed beyond roles listed above |
| Committee roles at other companies | Not disclosed |
| Interlocks with competitors/suppliers/customers | None disclosed involving Mr. Jaime; Board independence review did not cite Jaime-related transactions |
Expertise & Qualifications
- 30 years in international oilfield services; former President, SLB Latin America; depth in operations and regional leadership across Latin America, Europe, and Africa .
- Board views his global operations experience as relevant to PTEN’s international drilling operations and Ulterra’s global footprint .
- Independence; service on Audit and Sustainability committees supports board oversight of financial reporting, HSE, ESG, and climate-related risks (Audit/Sustainability scopes) .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (3/31/2025) | 37,635 shares; <1% of outstanding |
| Unvested RSUs (not vesting within 60 days) | 21,186 units (as of 3/31/2025) |
| Pledged shares | Company prohibits pledging; waiver disclosed only for James C. Stewart, not for Jaime |
| Hedging policy | Hedging prohibited for directors |
| Director ownership guideline | 5x annual base cash retainer; all directors in compliance as of proxy date |
Governance Assessment
- Strengths:
- Independent director with deep international OFS operating experience aligned to PTEN’s footprint and product business (Ulterra) .
- Active on two oversight-critical committees (Audit; Sustainability), bolstering financial reporting and ESG/HSE risk oversight; Audit committee chaired by an audit financial expert .
- Solid alignment via equity-heavy director pay (2024: $174,992 equity vs $117,500 cash) and compliance with 5x retainer ownership guideline; hedging/pledging prohibited (no waiver for Jaime) .
- Attendance thresholds met at Board/committee level in 2024; independent Board leadership structure (independent Chair/Vice Chair) supports robust oversight .
- Watch items / potential risks:
- None disclosed specific to Jaime: no related-party transactions, no pledging waiver, no public company interlocks identified. Continue to monitor committee workload and any evolution of sustainability disclosures given his role on the Sustainability Committee .
- Contextual signal:
- PTEN’s recent say-on-pay support remains high (96% in 2024), indicating broad shareholder confidence in governance/compensation practices; though this pertains to executive pay, it reflects overall investor sentiment toward governance .
No RED FLAGS specific to Mr. Jaime were disclosed in the latest proxy (no attendance issues, conflicts, pledging, or related-party exposure). Continue standard monitoring of Form 4 activity and future proxies for any changes in committee roles, ownership, or related party disclosures .