Macro Enterprises Inc.

Macro Enterprises Inc.

May 16, 2012 18:55 ET

Macro Enterprises Inc. Appoints New Independent Director

FORT ST. JOHN, BRITISH COLUMBIA--(Marketwire - May 16, 2012) - Macro Enterprises Inc. (TSX VENTURE:MCR) (the "Company" or "Macro") announces the appointment of Les Jourdain to its Board of Directors effective immediately. Mr. Jourdain will join the Audit Committee and the Compensation Committee. Management is of the view that Mr. Jourdain will provide valuable perspective and expertise to the Board as an independent director.

Mr. Jourdain has spent over 40 years in the construction industry. After graduating from the British Columbia Institute of Technology with an Engineering Technologist degree in 1973, he worked in the marine construction and foundation industries starting as an estimator and worked his way up to President and Chief Executive Officer of Fraser River Pile & Dredge Ltd., a leading marine construction and dredging contactor in Canada. In 1995, Mr. Jourdain along with four partners successfully completed a MBO transaction of Fraser River Pile & Dredge Ltd. together with its related entities (together "FRPD"). They owned and operated FRPD until the assets were sold to a private equity firm in 2008. Mr. Jourdain has retained a significant financial interest in FRPD and remains on the Board. In addition he continues to serve as an advisor to FRPD in areas of strategic objectives, marketing and long term planning. Since 2000, Mr. Jourdain has also been a Director of Ship Owners Protection and Indemnity with its head office in Luxembourg and subsidiary offices in London, Vancouver and Singapore. It is one of the leading liability insurance providers for specialist vessels operating in all the major ports in the World.

Macro's core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry in northeastern B.C. and northwestern Alberta. The Company's corporate office is in Calgary, Alberta. Its shares are listed on the Exchange under the symbol MCR. Information on the Company's principal operating unit, Macro Industries Inc., can be found at

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

  • Macro Enterprises Inc.
    Frank Miles
    President and C.E.O.
    (250) 785-0033

    Macro Enterprises Inc.
    T. Jerrold Jackson
    (403) 705-7302