CALGARY, Nov. 6, 2013 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW)
is pleased to announce that Michael J. (Mick) McNulty has been appointed as
Chief Financial Officer of Calfrac, effective December 4, 2013. Mr. McNulty
will report to Douglas R. Ramsay, the Chief Executive Officer of Calfrac,
until Fernando Aguilar succeeds Mr. Ramsay as President and Chief Executive
Officer, which as previously disclosed is scheduled to take place on January
1, 2014. As Chief Financial Officer, Mr. McNulty will manage the strategic
planning process for Calfrac and will have the responsibility for the
development and execution of the financial strategy that supports Calfrac's
Mr. McNulty has over 30 years of experience in the oilfield services sector,
having most recently served for Saxon Energy Services Inc. as the President
and Chief Executive Officer from January 2009 until April 2013 and as the
Senior Vice President and Chief Financial Officer from October 2005 until
December 2008. Prior thereto, Mr. McNulty was employed by Precision Drilling
Corporation, serving as the Senior Vice President, Finance from June 2001
until September 2005 and as the Vice President, Business Development and
Treasurer from January 1997 until June 2001. Prior to his employment with
Precision Drilling Corporation, Mr. McNulty served in various financial roles
with increasing responsibilities in the oilfield services sector.
"We are very pleased to announce the addition of Mick to our team as Chief
Financial Officer", said Doug Ramsay, Calfrac's Chief Executive Officer. "We
expect that his experience spanning over 30 years in the oilfield services
sector and extensive international exposure will serve Calfrac well as it
continues to execute on its growth strategy, both domestically and abroad. I
would also like to thank Tom Medvedic for serving as Interim Chief Financial
Officer over the past four months, which allowed us the opportunity to add a
candidate of Mick's caliber to our management team."
Calfrac's common shares are publicly traded on the Toronto Stock Exchange
under the trading symbol "CFW". Calfrac provides specialized oilfield
services to exploration and production companies designed to increase the
production of hydrocarbons from wells drilled throughout western Canada, the
United States, Russia, Mexico, Argentina and Colombia.
SOURCE Calfrac Well Services Ltd.
Douglas R. Ramsay Chief Executive Officer Telephone:(403) 266-6000
Tom J. Medvedic Senior Vice President, Corporate Development and Interim Chief
Financial Officer Telephone: (403) 266-6000 Fax: (403) 266-7381
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CO: Calfrac Well Services Ltd.
NI: OIL 2575 WNEWS
-0- Nov/06/2013 11:01 GMT
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