Precision Drilling Trust Announces Appointments of New Directors and Officers
14 Gennaio 2009 - 1:09AM
Marketwired
Precision Drilling Trust ("Precision") is pleased to announce the
appointment of an additional three directors to the Board of
Directors of Precision Drilling Corporation (the "Corporation"),
the Administrator of Precision Drilling Trust (the "Trust"). Mr.
Trevor M. Turbidy, Mr. Frank M. Brown and Mr. William T. Donovan,
all formerly directors of Grey Wolf, Inc. ("Grey Wolf"), have
joined the board of the Corporation effective December 23, 2008,
the date the Trust acquired Grey Wolf.
The Board of Directors of the Corporation also confirmed today
that the officers of the Corporation are as follows:
- Kevin A. Neveu, President and Chief Executive Officer
- David M. Crowley, President, U.S. Operations
- Gene C. Stahl, President, Canadian Operations
- David W. Wehlmann, Executive Vice President, Investor
Relations
- Doug J. Strong, Chief Financial Officer
- Joanne L. Alexander, Vice President, General Counsel and
Corporate Secretary
- Kenneth J. Haddad, Vice President, Business Development
- Darren J. Ruhr, Vice President, Corporate Services
Mr. Neveu, President and CEO of Precision stated: "On behalf of
management and staff, I am very pleased to welcome Trevor, Frank
and Bill to our Board of Directors. They bring significant energy
industry experience and financial expertise to our board, and will
provide valuable insight and guidance to Precision's strategic
direction. David Crowley and David Wehlmann are strong additions to
Precision's leadership team. Their complementary strengths and U.S.
expertise will accelerate the integration of the two companies and
serve Precision well in delivering its future plans."
Mr. Turbidy served as a director of Grey Wolf since December
2005 and currently serves as an Energy Industry Advisor with Avista
Capital Partners, a private equity firm focused on investments in
the energy, media and healthcare industries. Mr. Brown was a
director of Grey Wolf for the past eight years and is currently
Chief Executive Officer of ZRB Resources, LLC, a private
exploration and production Company in Alaska. Mr. Donovan has been
a director of Grey Wolf for over twelve years and is Chairman of
the Board of Rockland Industrial Holdings, LLC, a Wisconsin entity
engaged in manufacturing wood flooring products for the truck
trailer and container industries.
About Precision
Precision is a leading provider of safe, high performance energy
services to the North American oil and gas industry. Precision
provides customers with access to an extensive fleet of contract
drilling rigs, service rigs, camps, snubbing units, wastewater
treatment units and rental equipment backed by a comprehensive mix
of technical support services and skilled, experienced
personnel.
Precision is headquartered in Calgary, Alberta, Canada.
Precision is listed on the Toronto Stock Exchange under the trading
symbol "PD.UN" and on the New York Stock Exchange under the trading
symbol "PDS".
Contacts: Precision Drilling Corporation, Administrator of the
Trust David Wehlmann Executive Vice President, Investor Relations
(713) 435-6100 or (403) 716-4500 (713) 435-6171 or (403) 264-0251
(FAX) Precision Drilling Trust 4200, 150 - 6th Avenue S.W. Calgary,
Alberta T2P 3Y7 Website: www.precisiondrilling.com
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