CALGARY, Nov. 19, 2013 /CNW/ - Western Energy Services Corp. ("Western"
or the "Company") (TSX: WRG) announces that Dale E. Tremblay, the
Chairman and Chief Executive Officer of Western, will be retiring as
Chairman, Director and CEO of the Company effective December 1, 2013.
Mr. Tremblay has held those positions since December 2009, when Mr.
Tremblay led a recapitalization of Western and the subsequent strategic
initiatives which resulted in Western becoming a significant
Canadian-based oilfield contract drilling and well servicing company.
Mr. Tremblay will continue to provide transitional assistance to the
Company until May 31, 2014. In addition, Mr. Murray Mullen will be
retiring from the Board effective December 1, 2013. Mr. Mullen was one
of the original directors of Western and was involved in the December
As a result of the retirements of Mr. Tremblay and Mr. Mullen, the Board
of Directors is pleased to announce that, effective December 1, 2013,
Mr. Ron Mathison has been appointed Chairman of the Board and Mr. Alex MacAusland, the current President and Chief Operating
Officer, has been appointed President, Chief Executive Officer and a
Director of the Company.
The Board would like to sincerely thank Dale and Murray for their
significant contributions and dedication to the growth of Western. Dale
was instrumental in building the business from the time of the
recapitalization into a leading Canadian oilfield service company, and
his experience and leadership were key elements to the Company's
success. In addition, Mr. Mullen's contributions to the Board as lead
director since the recapitalization have been significant and his
guidance has been a key element of the Company's success to date. The
Board wishes to thank each of Dale and Murray for their contributions
and wishes them the very best in their respective future endeavours.
About Western Energy Services Corp.: Western is an oilfield service
company which provides contract drilling services in Canada through its
division Horizon Drilling and in the United States through its wholly
owned subsidiary Stoneham Drilling Corporation. In Canada, Western also
provides well servicing through its division Eagle Well Servicing and
oilfield rental services through its division AERO Rental Services.
SOURCE: Western Energy Services Corp.
For further information:
President and COO
Jeffrey K. Bowers
Senior VP Finance and CFO