High Arctic Energy Services Inc. (TSX: HWO) has appointed acting CEO Bruce Thiessen as its permanent chief executive.
The Red Deer-based energy services company said on Monday that Thiessen has been active CEO since mid-December 2008 and has cut costs to help the company compete and has identified new growth opportunities.
His appointment is effective immediately.
“The board of directors is pleased with the leadership shown by Mr. Thiessen during what has been a very difficult period in the industry” said Michael Binnion, chairman of the High Arctic board.
“Bruce’s appointment to the CEO role demonstrates his continued commitment to the future success of High Arctic and I am confident that High Arctic is in goods hands with the current management team.”