CALGARY, Nov. 5 /CNW/ - TSX Symbol: HNL - The Board of Directors of Horizon North Logistics Inc. ("Horizon" or the "Company") is pleased to announce the following executive management changes, effective January 1, 2010:
Ric Peterson will be assuming the role of Executive Chairman. Ric has been the Chairman and Chief Executive Officer since inception of the company in June 2006 and will continue to be very involved in business development initiatives as well as an important member of Horizon's Board.
Bob German will assume the role of President and Chief Executive Officer. Bob has been the Vice President Finance and Chief Financial Officer of the Company since its inception in 2006. He has been instrumental in completing the Company's numerous acquisitions over the years and has become increasingly involved in the oversight of all of Horizon's operations. Bob has over 25 years of industry experience and held senior management positions at Producers Oilfield Services Inc. and Precision Drilling Corporation prior to joining Horizon.
Scott Matson, CA will be assuming the role of Vice President Finance and Chief Financial Officer. Scott has been the Company's Controller, Operations Finance since its inception. Scott has been responsible for developing the Company's internal financial reporting systems and processes and in recent months has assumed responsibility for external financial reporting and management of Horizon's banking relationships.
The new management team will continue to focus on using the Corporation's strong financial position and operations base in its core Camp and Catering and Matting segments to pursue an increasing number of business expansion opportunities that are developing with the improvement in commodity prices. In particular, the oil sands, mining, shale gas and infrastructure segments are showing signs of increased activity and they will be emphasized in Horizon's marketing programs.
"I am pleased that we have been able to develop our people so that we can promote from within the organization to fill these senior management positions. The Board and I have witnessed first-hand the success of Bob's efforts to integrate acquisitions and execute the Corporation's business plan. As a shareholder of Horizon, I am confident the Corporation is in good hands with Bob, Scott and all our business unit managers continuing to lead the success and growth of our operations," said Ric Peterson.
SOURCE Horizon North Logistics Inc.
For further information: For further information: Ric Peterson, Chairman, President and Chief Executive Officer or Bob German, Vice President Finance and Chief Financial Officer, 1600, 505 - 3rd Street S.W., Calgary, Alberta T2P 3E6; Telephone: (403) 517-4654, Fax: (403) 517-4678; website: www.horizonnorth.ca