NISKU, AB, Jan. 27, 2014 /CNW/ - Hyduke Energy Services Inc. (HYD -
TSX), today announced that Gordon R. McCormack will be stepping down as
Chief Executive Officer and a member of the Board of Directors
effective immediately. Working with an executive recruiting firm, the
Board of Directors will conduct a comprehensive search for Mr.
McCormack's replacement, including an assessment of both internal and
external candidates. During the search process, Mr. Patrick F. Ross, an
independent member of the Board of Directors, will chair a special
committee that will provide direction and oversight to the company's
remaining executive team, which will continue to manage the day to day
operations at Hyduke.
Mr. McCormack will continue as a valued resource to the company and will
work closely with the special committee to ensure that staff, customer,
supplier and shareholder relationships are appropriately addressed
during the transition process.
Mr. McCormack joined Hyduke in 2002 and become CEO in 2004. Under his
leadership, Hyduke has grown to be a leading global manufacturer of
drilling and well service equipment. "Gord has been a terrific asset
to the company and we value his input as we work through this
transition period" noted John Pinsent, the Board Chair of Hyduke. "The
Board thanks Mr. McCormack for his service and tireless dedication to
Hyduke is an integrated oilfield services company with over thirty-five
years experience in the manufacture, repair and distribution of
oilfield equipment and supplies in Canada and worldwide. Hyduke
specializes in providing customized, integrated solutions to the
drilling and well service industries including:
Turn-Key Equipment - drilling rig, work-over rig and service rig
packages including in-house design, engineering and drafting, major
component procurement and overall project management;
Life Cycle Management - inspection, certification, service, repair and
supply services throughout the operating life of the drilling,
work-over or well service rig; and
Single Source Supply - providing new capital equipment, repair and
maintenance on existing capital equipment and supply of operating
Hyduke is headquartered in Nisku, Alberta, Canada and has facilities in
Edmonton, Calgary, Nisku, Leduc, Red Deer and Lloydminster, Alberta and
Houston, Texas, USA.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this News Release.
SOURCE: Hyduke Energy Services Inc.
For further information:
Chair of the Board