CALGARY, ALBERTA--(Marketwired - Dec 12, 2014) - CWC Energy Services Corp. (TSX VENTURE:CWC) ("CWC" or the "Company") is pleased to announce the following changes to its Board of Directors and Senior Management Team.
Effective immediately, Mr. Dean Schultz has been appointed as a Director to the Board of CWC. Mr . Schultz is a Chartered Accountant with over 14 years of accounting, investment management and energy industry experience. He is currently the Vice President, Energy with Brookfield Asset Management Inc. ("Brookfield") focusing on energy related investments. Prior to joining Brookfield in 2012, Mr. Schultz was the Vice President, Finance and Chief Financial Officer of several oil and gas production companies in Western Canada. Prior thereto, he was with Collins Barrow Chartered Accountants where he provided audit and advisory services. He currently holds and has previously held, directorships on numerous public and private company Boards.
In conjunction with Mr. Schultz's appointment, CWC has accepted the resignation of Mr. Alexander D. Greene as a Director of the Company. "Alex has been a valued member of our Board of Directors for the past seven years and we thank him for his many contributions. We wish him the best of success in his future endeavors," said Jim Reid, Chairman of the Board.
Effective January 5, 2015, Mr. Craig S. Flint will be joining CWC as our Chief Financial Officer. Mr. Flint is a Chartered Accountant with over 23 years of accounting, finance and energy related experience. He has spent the last 16 years with Superior Plus Corp. and its subsidiaries in various capacities including Vice President, Finance of Superior Propane; Vice President, Business Development & Compliance at Superior Plus Corp., Corporate Controller at Winroc; and Team Leader, Tax & Treasury at Superior Plus Income Fund. Mr. Flint has corporate development, corporate tax, cost management, financial and treasury management experience and has been involved in analyzing, completing due diligence, structuring, executing and integrating acquisitions totaling $1.9 billion during his time at Superior. Prior thereto, Mr. Flint spent seven years in assurance and tax with PricewaterhouseCoopers.
Effective December 31, 2014, Mr. Rick Dawson will be retiring as Vice President, Business Development after a successful 44 year career in the service rig industry. "Rick has provided the Company with true sales leadership helping to transform the Company's customer base to a high quality senior and intermediate producer list since his arrival at CWC in 2008," said Duncan Au, President and Chief Executive Officer. In conjunction with Mr. Dawson's retirement, CWC has promoted Mr. Michael DuBois to the position of Vice President, Sales & Marketing (Well Services) effective January 1, 2015. Mr. DuBois is currently the Sales & Marketing Manager for CWC. He has 19 years of experience in the service rig industry having started as a Floorhand and progressively moving up in responsibility to the position of Rig Manager with Alberta Gold Well Servicing and Nabors Production Services. Mr. DuBois has been a Sales Representative marketing service rig work to exploration and production companies for the past 14 years. "CWC is very fortunate to have the depth and breadth of experienced talent within the Company to be able to promote Mike to the position of Vice President, Sales & Marketing (Well Services). Such talent demonstrates our commitment to our tag line of Quality People Delivering Quality Service," said Mr. Au.