CALGARY, Jan. 11, 2016 /CNW/ - Gemini Corporation (GKX-TSXV) announces that Mr. Doug Lautermilch, President and CEO, has informed the company of his intent to retire in the second quarter of 2016 after completing 6.5 years with the company. Gemini has initiated a formal process to identify a new President and CEO. Mr. Lautermilch will remain in his current role until his replacement has been selected and will remain as an advisor to the company as long as required to ensure a successful transition.
"On behalf of the Board and employees at Gemini, I would like to thank Doug for his strong work ethic, integrity and leadership during his tenure as President and CEO." said Kevin Beingessner, Gemini's Chairman of the Board. "Doug was instrumental in implementing Gemini's Design-Build business model which is backed by strong customer alliances and has positioned us well for success in this challenging market."
About Gemini Corporation
Gemini Corporation is a professional services firm that designs, builds and maintains energy and industrial facilities. We provide regulatory, environmental, engineering, fabrication, installation and maintenance solutions for clients through stand-alone or integrated service delivery models. Our design-build capabilities differentiate Gemini and provide tremendous value-added benefits for clients, such as cost certainty, schedule compression and one point of accountability. The Corporation's principal target markets are midstream oil and gas, oil and gas production, in-situ heavy oil, and oil and gas processing across western Canada.
Shares of Gemini trade on the TSX Venture Exchange under the symbol GKX. For more information about the Corporation and its services, go to www.geminicorp.ca.
This news release may contain forward looking information that represents Gemini's internal projections, expectations, estimates or beliefs concerning, among other things, future operating results and various components thereof or Gemini's future economic performance. All statements other than the statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expects", "projects", "plans", "anticipates", and similar expressions. The projections, estimates and beliefs contained in such forward-looking statements are based on management's assumptions relating to Gemini's performance and competition within the sectors in which it competes, the continuation of the current regulatory and tax regimes in the jurisdictions in which Gemini operates, and necessarily involve known and unknown risks and uncertainties, including risks and assumptions relating to client service demand, field service costs, labour rates, and other factors that may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted or suggested. The Corporation does not undertake to update any forward-looking information in this document whether as to new information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Gemini Corporation