High Arctic Energy Services Inc. (TSX: HWO) has named Tim Braun its new chief executive officer.
The Red Deer-based oilfield services company said Friday that Braun will step into the position effective July 2. He replaces Dennis Sykora, who has served as interim CEO since Bruce Thiessen retired last November.
Braun has worked in the oilfield services sector for 33 years, primarily with large drilling contractors.
Most recently, he spent eight years as a senior executive with international drilling contractor Saxon Energy Services, and prior to that worked for more than a decade with Precision Drilling Corp.
With High Arctic, he will be based in Calgary.
Sykora will remain on the company’s board of directors and its executive committee.
Meanwhile, Darren Greer is slated to become High Arctic’s president of international operations, with an anticipated start in September.
Working out of Brisbane, Australia, he will be responsible for the company’s business in Papua New Guinea, and for developing regional business opportunities.
Greer has spent 12 years in senior petroleum and drilling engineering roles, primarily with a major Australian oil company.
For the past four years he’s been an executive with an Australia oilfield services contractor.
High Arctic said its current president of international operations, Kevin Doran, is expected to retire.
High Arctic provides specialized oilfield equipment and services for drilling, completion and workover operations.
It has operations throughout Western Canada and in Papua New Guinea.