High Arctic CEO Thiessen retiring

A Red Deer-based oilfield equipment and service provider announced on Wednesday a change in its chief executive officer.

A Red Deer-based oilfield equipment and service provider announced on Wednesday a change in its chief executive officer.

High Arctic Energy Services Inc. (TSX: HWO) said Bruce Thiessen is retiring as CEO and leaving the company’s board of directors. It added that Thiessen will serve as a consultant with respect to High Arctic’s Canadian operations.

Dennis Sykora will serve as interim CEO until High Arctic finds a permanent replacement. Sykora was most recently the company’s executive vice-president.

“We are very appreciative of all that Bruce has done for High Arctic during his 20-year career with us,”

said Michael Binnion, chairman of High Arctic’s board of directors. “He has been instrumental in building the Canadian business and taking on the challenges of the CEO role over the past five years and I am delighted that he will continue to play a role.”

High Arctic has also promoted Dan Beaulieu to the position of chief operating officer, Canada. Beaulieu was previously vice-president, Canadian operations.

High Arctic provides drilling-, completion- and workover-related services in western Canada and Papua New Guinea.

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