Black Diamond Group Limited Announces Appointment of Interim Chief Financial
CALGARY, ALBERTA -- (Marketwired) -- 10/16/13 -- Black Diamond Group
Limited ("the Company") (TSX:BDI) announced the appointment of
Marshall McRae, C.A. as interim Executive Vice President and Chief
Financial Officer earlier today. The appointment will be for a period
up to 14 months within which the Company will launch a search for a
long-term Chief Financial Officer with an expectation of filling that
role by the second half of 2014.
Since 2009, Mr. McRae has been an independent financial and
management consultant. Prior thereto, he served as the Chief
Financial Officer of CCS Inc., administrator of CCS Income Trust (a
publicly-traded energy and environmental services trust listed on the
TSX) and its successor corporation, CCS Corporation (now Tervita).
Mr. McRae has over 30 years of experience in senior operating and
financial management positions with a number of publicly traded and
private companies, including CCS Inc., Versacold Corporation and
Mark's Work Wearhouse Limited. He currently serves as a Director and
Audit Committee Chairperson for Gibson Energy Inc. and Athabasca Oil
Mr. McRae's educational background includes a Bachelor of Commerce
degree (with Distinction) from the University of Calgary, and a
Chartered Accountant designation from the Institute of Chartered
Accountants of Alberta.
"Mr. McRae is a tenured and well-respected financial management
executive within the publicly-traded and private company realm", said
Trevor Haynes, Black Diamond Group Limited President & Chief
Executive Officer. "I am confident we'll be well-served by his
leadership during this interim period."
Earlier today, Black Diamond Group Limited's Executive Vice President
and Chief Financial Officer, Michael Burnyeat, announced his
resignation after seven years of service.
"Mike was an instrumental part of helping our executive team grow
Black Diamond Group Limited into a $1.2 billion dollar enterprise",
said Haynes. "On behalf of the board of directors and executive team,
we thank him for his contributions over the past seven years".
About Black Diamond Group Limited
Founded in 2003, Black Diamond Group provides remote workforce
accommodations, modular space solutions and oilfield products and
services in Canada, the United States and Australia. With its
corporate head office located in Calgary, Alberta, Black Diamond
provides its products and services to a full spectrum of industries
including oil, natural gas, mining, power, construction, engineering,
military, government and education.
Through its subsidiaries and its approximate 50% equity participation
in certain aboriginal limited partnerships, Black Diamond operates
four complementary business units comprised of Black Diamond
Structures, Black Diamond Logistics, Black Diamond Energy Services
and Black Diamond International.
Black Diamond Structures rents and sells remote workforce housing and
modular workspace solutions and provides associated services; Black
Diamond Logistics provides turnkey lodging services, remote facility
management and supply chain solutions; Black Diamond Energy Services
rents and sells a complement of oilfield equipment and services; and
Black Diamond International rents and sells remote workforce housing
and modular workspace solutions and provides associated services
outside of North America.
Black Diamond operates its four complementary business units in 17
strategic locations across Canada, the United States and Australia.
Black Diamond Group Limited
Black Diamond Group Limited
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