CALGARY, March 11, 2016 /CNW/ - Gemini Corporation (GKX–TSXV) is pleased to announce the appointment of Mr. Peter Sametz as President and CEO commencing March 12, 2016. Mr. Sametz has been an Independent Director of Gemini's Board since November, 2013 and a member of both the Audit and Human Resources/Governance Committees.
Mr. Doug Lautermilch, current President & CEO, will retire as planned on March 11, 2016 and has agreed to support Mr. Sametz, as needed, through the transition period on a contract basis.
Mr. Sametz is a professional engineer and holds the Institute of Corporate Directors designation, ICD.D. He has over thirty years of increasing responsibility in a number of organizations within the energy industry and has held a variety of senior management positions over the past 20 years. His recent experience includes leadership roles at a mid-size oil and gas production company with refining assets where, during his 8 year tenure, he undertook the positions of COO, President and finally, Interim CEO during the sale of the company. His knowledge of the industry from both an engineering and field service perspective aligns well with the organization's strategic growth plans.
"Pete is recognized in the industry as a team oriented leader with great communication skills." said Kevin Beingessner, Gemini's Chairman of the Board. "His reputation and experience will provide the foundation for enhanced profitability and growth in this challenging market."
Mr. Beingessner further stated. "On behalf of the Board of Directors, I would like to thank Doug for his integrity and strong work ethic through his years of leadership at Gemini. We wish him well in his retirement and appreciate his commitment to help Gemini transition to a new CEO."
Mr. Sametz will become a non-independent Director of Gemini and the Board will commence a search for a new Independent Director.
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
For further information: Kevin Beingessner, Chairman, (403) 231-7700; Robert Brookwell, Executive VP and CFO, (403) 258-5401, [email protected]