16:09:45 EST Sun 08 Feb 2026
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Enerflex Ltd
Symbol EFX
Shares Issued 122,247,228
Close 2025-09-16 C$ 14.82
Market Cap C$ 1,811,703,919
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Enerflex appoints Mahoney as president, CEO, director

2025-09-16 14:13 ET - News Release

Mr. Preet Dhindsa reports

ENERFLEX LTD. ANNOUNCES THE APPOINTMENT OF PAUL MAHONEY AS PRESIDENT, CEO AND DIRECTOR

Enerflex Ltd. has appointed Paul E. Mahoney as the company's president and chief executive officer, effective Sept. 29, 2025. Mr. Mahoney will also join Enerflex's board of directors at the same time. The appointment follows an extensive global search process, which included the evaluation of highly qualified internal and external candidates and was aided with the support of a global executive search firm.

Kevin Reinhart, chair of the board, stated: "We are pleased to welcome Paul as Enerflex's new president and CEO. With over 30 years of experience across the industrial and energy sectors, Paul is a highly accomplished and seasoned executive. His broad industry experience, proven track record of developing and executing winning strategies, exemplary leadership capabilities, and fresh perspective make him the ideal candidate to drive the company's ongoing focus on creating sustainable shareholder value."

Mr. Mahoney shares Enerflex's core values and will complement the company's deep bench strength of senior leaders. Upon assuming the role, he will be working with the leadership team in advancing the company's strategic priorities. Enerflex's near-term priorities remain: (1) enhancing the profitability of core operations; (2) leveraging the company's leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to further strengthen Enerflex's financial position, provide direct shareholder returns and invest in select customer-supported growth opportunities.

Mr. Mahoney commented: "I'm looking forward to joining Enerflex at an exciting time for the company. Enerflex is a recognized global leader and I believe the company is well positioned to take advantage of growing global natural gas demand for years to come. I look forward to working with the board, the senior leadership team and the talented employees to deliver on our goals for the benefit of our shareholders, client partners, employees and communities."

"On behalf of the leadership team, we look forward to working with Paul," said Preet S. Dhindsa, interim chief executive officer. "His complementary skill set and experience will bring fresh insight and energy to the team as we continue to build off our solid foundation."

Mr. Dhindsa, who served as interim chief executive officer, will remain as senior vice-president and chief financial officer. Joe Ladouceur, who served as interim chief financial officer, will remain as vice-president, treasury, tax and insurance.

"On behalf of the board and all stakeholders, I would like to thank Preet and Joe for their tremendous efforts and contributions as interim leaders while the board undertook the CEO search. Their leadership, combined with the commitment of all employees, ensured Enerflex continues to deliver results and drive shareholder value during the period of transition," said Mr. Reinhart.

About Mr. Mahoney

Mr. Mahoney has a distinguished record leading global organizations across the industrial and energy sectors, delivering value through effective strategy development and execution, coupled with strong culture and talent management. His career includes engineering, business development, management and executive leadership for technical solutions with industrial-based industries that are directly involved in energy production of energy-related materials. Since 2018, Mr. Mahoney has served as group president, production and automation technologies, at ChampionX Corp., a leading provider of production technologies for the upstream and mid-stream oil and gas markets. ChampionX was acquired by SLB in July, 2025. Prior to his tenure at ChampionX, Mr. Mahoney held the role of president, artificial lift, at Dover Corp. He holds a bachelor of science with dual focus in physics and electrical engineering from the University of Buffalo and an MBA from the Albers School of Business and Economics at Seattle University. Mr. Mahoney also serves as a director of Chart Industries Inc.

About Enerflex Ltd.

Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon and treated water solutions -- from individual, modularized products and services to integrated custom solutions. With over 4,400 engineers, manufacturers, technicians and innovators, Enerflex is bound together by a shared vision: transforming energy for a sustainable future.

The company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts.

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.

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