CALGARY, ALBERTA–(Marketwired – June 2, 2016) – Trican Well Service Ltd. (TSX:TCW) announces that it has appointed Deborah S. Stein as a director, effective May 31st.
Ms. Stein recently retired from AltaGas Ltd. where she served as Senior Vice President, Finance and Chief Financial Officer for eight years. During her distinguished career, Ms. Stein was involved in all aspects of accounting and finance including corporate development, capital markets activities, investor relations and financial management. Ms. Stein, a graduate of York University, is a Chartered Accountant and a Certified Public Accountant. She also completed her certification with the Institute of Corporate Directors in 2012. Ms. Stein is also a member of the Board of Directors of Parkland Fuel Corporation. She also serves as Chairman of the Board for Financial Executives International Canada, a non-profit professional organization.
In addition, Trican regrets to announce that Douglas F. Robinson and Dean E. Taylor have retired from Trican’s board of directors effective May 31st. Mr. Robinson had served as a director since 1997 and Mr. Taylor since 2012. “Both Doug and Dean will be missed,” said Murray L. Cobbe, Trican’s Chair. “They each brought a tremendous amount of industry knowledge and experience, and made significant contributions. We thank them for their years of service, and wish them well in their retirement.”
In light of the retirement of Mr. Robinson and Mr. Taylor, Trican has considered the size and constitution of its board of directors and has determined that it will not replace these two directors. Mr. Cobbe noted, “With the addition of Debbie Stein, we believe that we continue to have a very strong board of directors to steward our company through the current economic downturn and beyond. We believe that a seven-person board is highly capable of fulfilling its oversight responsibilities and is an appropriate size in light of current industry circumstances and the current size and geographic scope of our company.”
Finally, Trican regrets to announce that Bonita M. Croft, Vice President Legal, General Counsel and Corporate Secretary, has advised that she will be resigning from the company to pursue other interests. Bonita has agreed to stay on until June 30 to assist with transition.
Bonita joined Trican in 2005 as Trican’s first General Counsel, and has been a key part of Trican’s leadership team for more than ten years. Bonita’s outstanding legal skills and dedication contributed greatly to Trican’s growth over those years and also to helping Trican survive the current industry downturn, particularly in achieving successful results in the disposition of our Russia and U.S. businesses.
Trican wishes to thank Bonita for her years of dedicated service and wishes her well in her future endeavours.
Headquartered in Calgary, Alberta, Trican provides a comprehensive array of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves.
Dale Dusterhoft
President and Chief Executive Officer
[email protected]
Trican Well Service Ltd.
Michael Baldwin
Senior Vice President, Finance & CFO
[email protected]
www.tricanwellservice.com
Trican Well Service Ltd.
(403) 266-0202
(403) 237-7716 (FAX)
2900, 645 – 7th Avenue S.W.
Calgary, Alberta T2P 4G8
