GasFrac Halted. Hasta la Vista Sukka Re: Gasfrac Halted - me first? CEO leaving and others
GASFRAC Commences Management Restructuring and Operational Review
9 minutes ago by Marketwire Canada
The board of directors of GASFRAC Energy Services Inc. ("GASFRAC") (TSX:GFS) today announced that they have commenced an operational review and restructuring of the management team at GASFRAC. More Specifically:
Management Restructuring:
As part of the management restructuring, the current management group comprising of Zeke Zeringue, Chief Executive Officer and Steve Batchelor, Chief Operating Officer, will be leaving the company effective immediately. Jim Hill, currently the Chief Financial Officer of GASFRAC, will assume the role of acting President and Chief Executive Officer until a replacement can be found. The duties of the Chief Operating Officer will in the interim be assumed by current operations personnel within GASFRAC. The board of directors of GASFRAC will be conducting a formal CEO search process working through a search firm and other key advisors to the board of directors. The board of directors would like to thank Zeke Zeringue and Steve Batchelor for their contributions to GASFRAC and wish them all the best in their future