Enerflex Ltd. Announces Succession Plan for Chief Financial Officer
19 März 2023 - 9:00PM
Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company")
today announced that Sanjay Bishnoi, Senior Vice President and
Chief Financial Officer, will relinquish his position effective
April 10, 2023, to pursue another opportunity. Matthew Lemieux,
Enerflex's Vice President, Corporate Development and Treasury, will
be appointed as Interim Chief Financial Officer following Mr.
Bishnoi's departure.
"Over three and a half years ago, we brought
Sanjay aboard expecting that his disciplined approach to investing
would facilitate accretive growth in our recurring Energy
Infrastructure business. After successfully managing our financial
position through the COVID-19 pandemic, he was instrumental in
leading us in our transformational acquisition of Exterran.
Sanjay's financial and business leadership have made us a smarter,
more resilient, and more profitable organization," stated Marc
Rossiter, Enerflex's President and Chief Executive Officer. "I
would like to thank Sanjay for his contributions and wish him well
in his next endeavour."
"I am grateful for the privilege of leading
Enerflex's Finance team over the last several years. Our
accomplishments, including expanding our reach across new markets,
developing innovative products and services, and instituting
disciplined investment frameworks, are a true testament to the
dedication and hard work of everyone involved," said Mr. Bishnoi.
"I would like to express my sincere thanks to our talented
employees, Marc and the Executive Management Team, and our Board of
Directors for their unwavering support and trust throughout my
tenure. The Company has a very solid financial plan to deleverage,
and I expect it will deliver increasingly strong results as a
combined company."
Mr. Rossiter further stated, "We are pleased to
appoint Matthew Lemieux to Interim Chief Financial Officer. Matt
brings a deep knowledge of Enerflex's financial attributes,
operations, and industry, which will further enhance our focus on
growing shareholder value through disciplined capital allocation
practices."
Mr. Lemieux has been with Enerflex as Vice
President, Corporate Development and Treasury since early 2020,
where he has focused on cash management and accretive investing on
a global scale, including deep involvement in the Exterran
acquisition. Before joining Enerflex, Mr. Lemieux led over US$3
billion of equity and mezzanine transactions for GE Energy
Financial Services and was previously responsible for debt
underwriting and syndication for Merrill Lynch Capital and Wachovia
Bank. Mr. Lemieux holds MBA and BA degrees from NYU Stern and
Dickinson College, respectively.
Enerflex plans to announce the appointment of a
permanent Chief Financial Officer in the near future.
ABOUT ENERFLEX
Transforming Energy for a Sustainable
Future. Enerflex is a premier integrated global provider
of energy infrastructure and energy transition solutions,
delivering natural gas processing, compression, power generation,
refrigeration, cryogenic, and produced water solutions.
Headquartered in Calgary, Alberta, Canada,
Enerflex, its subsidiaries, interests in associates, and joint
ventures, operate in over 90 locations in: Canada, the United
States, Argentina, Bolivia, Brazil, Colombia, Ecuador, Mexico,
Peru, the United Kingdom, the Netherlands, the United Arab
Emirates, Bahrain, Oman, Egypt, Kuwait, India, Iraq, Nigeria,
Pakistan, Saudi Arabia, Australia, China, Indonesia, Malaysia,
Singapore, and Thailand.
Enerflex's common shares trade on the Toronto
Stock Exchange under the symbol "EFX" and on the New York Stock
Exchange under the symbol "EFXT". For more information about
Enerflex, visit www.enerflex.com.
For investor and media enquiries, contact:
Marc Rossiter |
Stefan Ali |
|
|
President &Chief Executive Officer |
Vice
President,Strategy & Investor Relations |
Tel: (403) 387-6325 |
Tel: (403) 717-4953 |
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