TORONTO, ON AND MARSEILLES, France, Oct. 9, 2013 /CNW/ - Foraco
International SA (TSX: FAR) (the "Company" or "Foraco"), a leading global provider of diversified
drilling services, announced today the departure of Chief Operating
Officer ("COO") Claude Durocher to pursue other opportunities outside
Foraco effective tomorrow, Thursday October 10, 2013.
The company created this position in March 2012.
"During this short period of time Claude has brought a lot to Foraco and
we regret his departure, but the ongoing unfavorable economic
conditions have forced us to reconsider our development and succession
plans," says Jean-Pierre Charmensat, Vice-CEO and CFO of Foraco.
Commenting on today's announcement, Daniel Simoncini, Foraco's Chairman
and CEO, added: "During the year and a half that Claude spent with us
we appreciated his professionalism and expertise in business systems.
We wish Claude well in the next stages of his career. Jean-Pierre and I
will concentrate our energy on the daily business, and on
re-establishing Foraco on a sustainable profitable level."
About Foraco International SA
Foraco International SA (TSX: FAR) is a leading global mineral drilling services company that provides a
comprehensive and reliable service offering in mining and water
projects. Supported by its founding values of integrity, innovation and
involvement, Foraco has grown into the third largest global drilling
enterprise with a presence in 23 countries across five continents. For
more information about Foraco, visit www.foraco.com.
SOURCE: Foraco International SA
For further information:
Sonia Tercas, Manager, Investor Relations
Tel: (647) 351-5483