Enerflex Announces Management Change
John Aldred resumes role as President and Chief Executive Officer
CALGARY, May 20 - Enerflex Systems Ltd. (TSX:EFX) today announced
the resignation of Malcolm Cox as President, Chief Executive Officer and a
Director of the Company. The board of directors has appointed its Chairman,
John Aldred, to the additional roles of President and Chief Executive Officer.
These actions are effective immediately.
Aldred, who founded Enerflex in 1980 and served as President and Chief
Executive Officer until 2000, said, "On behalf of the board I want to thank
Malcolm Cox for his contribution and dedication to the Company. He has
implemented a number of positive strategic initiatives in the challenging
oilfield services environment of recent years. We wish him well in his future
activities."
"I welcome and am committed to this next stage of my involvement with
Enerflex. The Company will recruit a chief operating officer to oversee day-to-
day business activities. In addition, the Company will continue to pursue the
following clear objectives: realize the full potential of our existing growth
and diversification strategies; enhance the nature of the Company's
relationships with employees, customers and suppliers; create shareholder
value; and achieve a share price that reflects the Company's underlying
strengths and investment attributes."
Malcolm Cox said, "I have greatly enjoyed my association with Enerflex
and wish it continued success. I am looking forward to undertaking new
challenges and opportunities."
Enerflex is a leading Canadian supplier of products and services to the
global oil and gas production industry. The Company's core expertise lies
between the wellhead and the pipeline. With approximately 1,850 employees the
Company operates in Canada, the United States, the United Kingdom, Germany,
the Netherlands, Australia, Indonesia, Pakistan and the United Arab Emirates. |
