CALGARY, Dec. 7, 2016 /CNW/ - Newalta Corporation
("Newalta") (TSX:NAL) today appointed Linda Dietsche as Executive Vice President and Chief Financial
Officer, effective January 1, 2017. Ms. Dietsche, currently Vice President, Finance, will succeed
Mike Borys, who has intended to take some personal time since returning to the company from a brief health leave in
February 2014. Mr. Borys is leaving the company at the end of December and will then be available to
support the transition as needed in 2017.
"I want to thank Mike for his contributions and unbelievable dedication to Newalta," said John
Barkhouse, President and Chief Executive Officer. "Having helped position Newalta to weather the current downturn, and
prosper as the market recovers, Mike felt now was the right time to depart. We appreciate the outstanding work he has done to
strengthen our financial position, mentor Linda and build a strong finance team. We expect the result will be a seamless transition
as we continue to execute our strategy."
Mr. Borys commented, "I am very proud of Newalta and confident in its future success, and I'm pleased that our financial
performance is tracking as expected against guidance for the year. Having worked with Linda for more than eight years, I know the
company is in very capable hands."
Ms. Dietsche will oversee the full range of Newalta's financial functions including accounting, financial reporting, financial
planning and analysis, treasury, tax, risk management, financings, investor relations and information technology. She joined
Newalta as Assistant Controller in 2003 and has held progressively responsible roles, becoming Vice President, Finance in 2012. Ms.
Dietsche has extensive finance experience, including leadership in the areas of debt holder and banking relations, credit facility
renewals and debenture financings. Prior to Newalta, she held senior accounting roles with Mount
Royal University and Ogilvy and Mather. She has a Certified Management Accountant
designation and a Masters in Business Administration from Royal Roads University.
About Newalta
Newalta is a provider of innovative engineered environmental solutions that enable customers to reduce disposal, enhance
recycling and recover valuable resources from oil and gas exploration and production waste streams. We simplify the critical
challenges of sustainable environmental practices through the use of advanced processing capabilities deployed through a
differentiated business model. We serve customers onsite directly at their operations and through a network of locations throughout
North America. Our proven processes and excellent record of safety make us the first-choice
provider of sustainability-enhancing services for oil and gas customers. With a highly skilled team of people, a two-decade track
record of innovation and a commitment to commercializing new solutions, Newalta is positioned for sustained future growth and
improvement. We are Sustainability SimplifiedTM. Newalta trades on the TSX as NAL. For more information, visit www.newalta.com.
SOURCE Newalta Corporation
