Enerflex Ltd.

TSX : EFX


Enerflex Ltd.

April 10, 2014 17:14 ET

Enerflex Announces Retirement of President, Americas and Names Successors

CALGARY, ALBERTA--(Marketwired - April 10, 2014) - Enerflex Ltd. (TSX:EFX) ("Enerflex" or the "Company") announced today that Jerauld Fraelic, Enerflex's President, Americas has advised the Company's Board of Directors and the executive management team that he intends to retire on January 2, 2015. Mr. Fraelic has been a valued member of the Company and has made significant contributions over the past 37 years.

"Jerry's strong work ethic, integrity and leadership have been instrumental in the growth and evolution of the organization and we are extremely grateful for his contributions to the Company during his tenure," said J. Blair Goertzen, Enerflex's President and Chief Executive Officer. "I appreciate the time Jerry has given Enerflex to transition to new leadership, and we wish him all the best in his upcoming retirement", added Mr. Goertzen.

As part of a planned leadership succession process, the Company has appointed Mr. Marc Rossiter as President, United States and Latin America and Mr. Bradley Beebe as President, Canada effective immediately.

Mr. Rossiter and Mr. Beebe will be responsible for providing strategic leadership and operational support for their respective regions and will focus on growing the Company to meet the demands of the global oil and natural gas industries. For the remainder of 2014, Mr. Fraelic will continue in his current role working through Mr. Rossiter and Mr. Beebe to achieve the Company's strategic goals and responsibilities.

Mr. Rossiter has been with the organization for over 18 years, with 10 years in Houston, and has provided tremendous support in the growth of the Southern United States operations. Mr. Beebe has over 18 years of experience in the oil and gas industry and has been with the organization for over 6 years, most recently as the President of Enerflex's wholly-owned subsidiary Gas Drive Global ("Gas Drive").

With the appointment of Mr. Beebe to President, Canada, the Company has appointed Mr. Trevor Kramer as General Manager, Gas Drive. Mr. Kramer will assume the responsibilities for leading and managing the Gas Drive business in both Canada and the Northern United States. Mr. Kramer has been with Enerflex for over 24 years, most recently as Gas Drive's Northern United States General Manager.

About Enerflex

Enerflex Ltd. is a single source supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment - plus in-house engineering and mechanical service expertise. The Company's broad in-house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. Enerflex's expertise encompasses field production facilities, compression and natural gas processing plants, CO2 processing plants, refrigeration systems and electric power equipment servicing the natural gas production industry.

Headquartered in Calgary, Canada, Enerflex has approximately 2,900 employees worldwide. Enerflex, its subsidiaries, interests in associates and joint-ventures operate in Canada, the United States, Colombia, Australia, the United Kingdom, Russia, the United Arab Emirates, Oman, Bahrain, Indonesia, Malaysia and Singapore. Enerflex's shares trade on the Toronto Stock Exchange under the symbol "EFX". For more information about Enerflex, go to www.enerflex.com.

Contact Information

  • For investor and media inquiries, please contact:
    Enerflex Ltd.
    J. Blair Goertzen
    President and Chief Executive Officer
    403.236.6852

    Enerflex Ltd.
    D. James Harbilas
    Vice President and Chief Financial Officer
    403.236.6857
    www.enerflex.com