Tuckamore Capital Management Inc.

Tuckamore Capital Management Inc.

April 09, 2015 08:00 ET

Tuckamore Capital Management Announces New CEO for ClearStream Energy Holdings

25 Year Industry Veteran Joins ClearStream

TORONTO, ONTARIO--(Marketwired - April 9, 2015) - Tuckamore Capital Management Inc. (TSX:TX)(TSX:TX.DB.B) ("Tuckamore Capital" or the "Company") today announced the appointment of John W. Cooper as ClearStream Energy Holding's Chief Executive Officer (CEO) effective April 15, 2015. Mr. Cooper brings more than 25 years of industry experience to his new role having previously served as Executive Vice President, Operations and Chief Operating Officer of Savanna Energy Services Corp. Mr. Cooper replaces Paul Hatcher who has served as CEO of ClearStream Energy Holdings since late 2011 and announced his intention to step down in November 2014.

"We welcome John's industry knowledge and leadership to the Tuckamore portfolio of companies," said Dean MacDonald, Chief Executive Officer and Director, Tuckamore Capital. "His extensive background in operations and successful track record in improving operational efficiencies will play a pivotal role to ensure ClearStream increases its competitive positioning and maintains a solid financial position during current market conditions."

"ClearStream has delivered a solid financial performance and tremendous growth over the last several years," said Cooper. "I am excited to have the challenge and opportunity to realize future growth opportunities and progress the company to a new level."

Mr. Cooper has experience in leading, integrating and transitioning public and private companies to improve business processes and drive results. Since 2011, Mr. Cooper has been the Executive Vice President and COO of Savanna Energy Services Corp., a premier North American drilling, well servicing and oilfield rentals company based in Calgary. Before joining Savanna, he served as President & CEO of EnerMax, an oilfield services fluid management and logistics company. Earlier in his career he served as General Manager of Waste Management and enjoyed a long tenure with Superior Propane where he held several executive leadership positions including President and COO.

About Tuckamore Capital:

Tuckamore Capital has investments in 7 businesses representing a diverse cross-section of the Canadian economy.

About ClearStream:

ClearStream is an integrated energy services company with annual revenue of $560 million operating in over 25 facilities and sites throughout Alberta and Northeast British Columbia. ClearStream has four business divisions: Industrial Services, Fabrication, Wear Technology and Transportation.

Contact Information

  • Tuckamore Capital Management Inc.
    Dean MacDonald
    Chief Executive Officer and Director