High Arctic Announces Executive Changes
Red Deer, Canada – November 13, 2013 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) announces that Mr. Bruce Thiessen is retiring as Chief Executive Officer, and will no longer be on High Arctic’s Board of Directors. The Board is pleased that Bruce has agreed to remain with High Arctic on an indefinite consulting basis to provide executive marketing support for the Canadian operation.
Mr. Michael Binnion, Chairman of High Arctic’s Board of Directors, commented; “We are very appreciative of all that Bruce has done for High Arctic during his 20 year career with us. He has been instrumental in building the Canadian business and taking on the challenges of the CEO role over the past five years and I am delighted that he will continue to play a role. High Arctic has an excellent management team in place to continue to grow and build its business both in Canada and in Papua New Guinea.”
Dennis Sykora will assume the role of interim Chief Executive Officer while High Arctic searches for a permanent CEO. As well as being a member of the Board of Directors, Dennis has served in various executive capacities with High Arctic since April 2007, most recently as Executive Vice President. The Governance and Nominating Committee will oversee the selection of a permanent CEO.
The Executive Committee will be responsible for the development and execution of the strategic direction of the Company. The Executive Committee is comprised of two independent directors, Michael Binnion and Daniel Bordessa, together with four executives, Dennis Sykora, Kevin Doran, Ken Olson and Dan Beaulieu.
High Arctic is also pleased to announce that Mr. Dan Beaulieu has been promoted to Chief Operating Officer, Canada, and will have overall responsibility for the Canadian operations. Dan has been Vice President, Canadian Operations for almost two years and has over 35 years industry experience.
About High Arctic
The Corporation is a global provider of specialized oilfield equipment and services, including drilling, completion and workover related services. Based in Red Deer, Alberta, High Arctic has domestic operations throughout western Canada and international operations in Papua New Guinea.
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