Calfrac’s Board of Directors is pleased to announce the appointment of Fernando Aguilar as President and Chief Executive Officer in conjunction with the retirement of Co-Founder and Chief Executive Officer Douglas R. Ramsay. This appointment is part of a previously announced leadership succession. Mr. Ramsay remains on the Board of Directors and assumes the new role of Vice-Chairman.
Mr. Aguilar has been integral to Calfrac’s growth and performance since he joined the company as a Director in 2008, becoming Chief Operating Office in 2010. In addition to an excellent track record as a commercial and operational executive, Mr. Aguilar possesses extensive industry expertise, market insight and understanding of customer needs. Mr. Aguilar was previously with CGG Veritas from 2004 to 2010, most recently serving as President, Geophysical Services for the Americas. Prior to this, Mr. Aguilar was with Schlumberger for 22 years, where his last position was Vice President, Oilfield Services. He holds a degree in Civil Engineering, specializing in Hydraulic Resources Management, and has completed Stanford University’s Executive Program and the Director’s Education Program at the University of Calgary.
Calfrac’s common shares are publicly traded on the Toronto Stock Exchange (“CFW”). Calfrac provides specialized services to exploration and production companies designed to increase the production of hydrocarbons from wells drilled throughout western Canada, the United States, Russia, Mexico, Colombia and Argentina.
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