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Trican Well Service Ltd
Symbol TCW
Shares Issued 278,881,369
Close 2019-12-13 C$ 1.03
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Trican Well director Pourbaix to retire

2019-12-16 08:54 ET - News Release

Mr. Dale Dusterhoft reports


Alexander J. Pourbaix will retire as a member of Trican Well Service Ltd.'s board of directors on Dec. 31, 2019, to focus on his role as president and chief executive officer of Cenovus Energy Inc., as well as his other commitments as board chair at Mount Royal University and incoming board chair at the Canadian Association of Petroleum Producers (CAPP). Mr. Pourbaix has served as a member of the board since May, 2012, was chair of the company's human resources and compensation committee and a member of the corporate governance committee.

Dale Dusterhoft, president and chief executive officer of Trican, commented: "I consider myself very fortunate to have had the opportunity to work with Alex over the last seven years. Not only is he a great business leader but he has played a pivotal role in guiding the company through the tumultuous times faced in the oil and gas industry of late. On behalf of the company's board of directors, management, employees and stakeholders, I would like to express our thanks to Alex for his dedication and leadership and wish him all the best in his future endeavours. We appreciate his time and efforts with the company particularly in light of his tremendous obligations as the head of Cenovus. Alex is very highly regarded in the community and his leadership on the board will be missed. We thank Alex for his leadership and steadfast commitment to the company's leadership and governance."

The company does not anticipate appointing a replacement for Mr. Pourbaix at this time.

About Trican Well Service Ltd.

Headquartered in Calgary, Alta., Trican provides a comprehensive array of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves.

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