CALGARY, Aug. 9, 2012 /CNW/ - The Churchill Corporation (TSX: CUQ, CUQ.DB) ("Churchill" or the "Corporation") today announced that it has appointed Douglas J. Haughey to the position of Chief Executive Officer. The appointment is effective immediately. Mr. Haughey has also been appointed to Churchill's Board.
The appointment of Mr. Haughey follows Churchill's appointment on July 31st of David LeMay as President and Acting Chief Executive Officer. With the appointment of Mr. Haughey, Mr. LeMay retains the title of President and becomes Chief Operating Officer of Churchill, a new position.
"Mr. Haughey brings a 35 year track record of executive management, strategic development and public company leadership success to the role of Chief Executive Officer at Churchill," said Al Bellstedt, Churchill's Chair. "With the combined experience and leadership of Mr. Haughey and Mr. LeMay, we believe Churchill is well positioned for the future."
Added Mr. Haughey, "I am pleased to be joining Churchill at an important point in the Corporation's development. In particular, I am looking forward to working closely with David LeMay and the rest of the Churchill management team. We will be focused on project execution, delivering consistently profitable results, and positioning Churchill to create meaningful shareholder value well into the future."
Most recently, Mr. Haughey was President and Chief Executive Officer of Calgary-based Provident Energy Ltd. from April 2010 until March 2012, when it was acquired by Pembina Pipeline Corp. of Calgary for $3.2 billion. Provident was a leading natural gas liquids infrastructure company.
Prior to Provident Energy, Mr. Haughey led the western Canadian natural gas midstream infrastructure business of Houston-based Spectra Energy Corp. (and predecessor companies). Among other roles, Mr. Haughey was President of Spectra Energy's $3 billion western Canadian natural gas processing and pipeline business and was President and CEO of publicly-traded Spectra Energy Income Fund, both based in Calgary.
Mr. Haughey holds a B. Admin degree from the University of Regina (1977) an MBA from the University of Calgary (1982) and an ICD.D designation from the Institute of Corporate Directors (2007).
About The Churchill Corporation
The Churchill Corporation provides building construction, commercial and industrial electrical contracting, earthmoving and industrial insulation services to an array of public and private sector clients. Churchill operates office locations in British Columbia, Alberta, Saskatchewan, Manitoba and northern Ontario. Churchill common shares and convertible debentures are listed on the Toronto Stock Exchange under the symbols "CUQ" and "CUQ.DB", respectively. www.churchillcorporation.com
Forward Looking Information
This press release contains statements that may constitute forward-looking information within the meaning of applicable securities laws. This forward-looking information includes, without limitation, statements pertaining to our operations, financial performance and business prospects. Forward-looking information is based on management's reasonable assumptions and estimates in respect of its experience and perception of trends, current economic conditions as well as other material factors that it considers to be relevant at the time of making such statements. Such statements should not be interpreted as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. Forward-looking information is subject to a number of factors that may cause actual results to differ materially from those results implied by the expectations suggested by such information. Those factors include, without limitation, the risks and uncertainties described in the Corporation's Annual Information Form filed with the securities regulatory authorities in Canada under the Corporation's profile at www.sedar.com. Readers are encouraged to consider the foregoing risks and uncertainties and other factors carefully when evaluating the forward-looking information and are cautioned not to place undue reliance upon such information when making investment decisions. The forward-looking information in this press release is current to the date hereof, and is subject to change following such date. While the Corporation may elect to do so, unless required by applicable law, it undertakes no obligation to update this information to reflect new information or circumstances at any particular time.
SOURCE: The Churchill Corporation
For further information:
Vice President, Investor Relations
The Churchill Corporation
Ken Wetherell, CFA
Director, Investor Relations
The Churchill Corporation