CALGARY, ALBERTA--(Marketwire - Nov. 1, 2012) - Aveda Transportation and Energy Services ("Aveda" or the "Company") (TSX VENTURE:AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announced the appointment of Kevin Roycraft as Aveda's President and Chief Executive Officer effective November 26, 2012.
Kevin brings 20 years of transportation industry expertise to Aveda. Most recently serving as Vice-President of Operations for Liquid Transport Corp ("LTC") out of Indianapolis, IN. In his role at LTC, Kevin was responsible for all aspects of profit and performance for one of North America's largest bulk chemical and oil transportation companies. Before being promoted to Vice-President of Operations, Kevin served LTC as Director of Business Development, handling acquisitions and franchise expansion.
A graduate of Purdue University, with a degree in Organizational Leadership, Kevin began his transportation career working in LTL Operations and Sales for Roadway Express. Later joining Watkins Motorlines and opening start-up operations in Green Bay, WI, before moving on to manage their terminal in St. Louis, MO.
"We welcome Kevin's leadership and experience to the Aveda team," said David Werklund, Chairman, Interim President and CEO of Aveda "Kevin will be responsible for continuing to deliver our vision of creating a best-in-class, people focused and highly profitable transportation and energy services company."
David Werklund, the Company's Chairman, Interim President and CEO will continue to support Aveda's growth by assuming the role of Executive Chairman. The board of directors thanks Mr. Werklund for his significant contributions over the last year and looks forward to his continued leadership and support in his new role.
About Aveda Transportation and Energy Services
Aveda provides specialized transportation of products, materials, supplies and equipment required for the exploration, development and production of petroleum resources in the Western Canadian Sedimentary Basin and in the United States of America principally in and around the states of Texas and Pennsylvania. Transportation services include both the equipment necessary to move the load as well as a trained, professional driver capable of securing, moving and manipulating the load at its origin and destination. Aveda's rental operations include the rental of tanks, mats, pickers, light towers and other equipment necessary for oilfield operations.
Aveda was incorporated in 1994 as a private company to serve the oil and gas industry. In the spring of 2006 the Company went public on the TSX Venture Exchange. Aveda has major operations in Calgary, AB, Slave Lake, AB, Nisku, AB, Mineral Wells, TX, Pleasanton, TX, Odessa, TX and New Columbia, PA. Aveda is publicly traded on the TSX Venture Exchange under the symbol AVE. For more information on Aveda please visit www.avedaenergy.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Bharat Mahajan, CA
Vice-President, Finance and Chief Financial Officer
(403) 264-5769
bharat.mahajan@avedaenergy.com
www.avedaenergy.com