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RED DEER, AB, Nov. 13, 2013 /CNW/ - High Arctic Energy Services Inc.
(TSX: HWO) ("High Arctic" or the "Company") announces that Mr. Bruce
Thiessen is retiring as Chief Executive Officer, and will no longer be
on High Arctic's Board of Directors. The Board is pleased that Bruce
has agreed to remain with High Arctic on an indefinite consulting basis
to provide executive marketing support for the Canadian operation.
Mr. Michael Binnion, Chairman of High Arctic's Board of Directors,
commented; "We are very appreciative of all that Bruce has done for
High Arctic during his 20 year career with us. He has been
instrumental in building the Canadian business and taking on the
challenges of the CEO role over the past five years and I am delighted
that he will continue to play a role. High Arctic has an excellent
management team in place to continue to grow and build its business
both in Canada and in Papua New Guinea."
Dennis Sykora will assume the role of interim Chief Executive Officer
while High Arctic searches for a permanent CEO. As well as being a
member of the Board of Directors, Dennis has served in various
executive capacities with High Arctic since April 2007, most recently
as Executive Vice President. The Governance and Nominating Committee
will oversee the selection of a permanent CEO.
The Executive Committee will be responsible for the development and
execution of the strategic direction of the Company. The Executive
Committee is comprised of two independent directors, Michael Binnion
and Daniel Bordessa, together with four executives, Dennis Sykora,
Kevin Doran, Ken Olson and Dan Beaulieu.
High Arctic is also pleased to announce that Mr. Dan Beaulieu has been
promoted to Chief Operating Officer, Canada, and will have overall
responsibility for the Canadian operations. Dan has been Vice
President, Canadian Operations for almost two years and has over 35
years industry experience.
About High Arctic
The Corporation is a global provider of specialized oilfield equipment
and services, including drilling, completion and workover related
services. Based in Red Deer, Alberta, High Arctic has domestic
operations throughout western Canada and international operations in
Papua New Guinea.
SOURCE: High Arctic Energy Services Inc.
For further information:
Chief Financial Officer
403 508 7836 ext 103