North American Energy Partners Appoints a Chief Financial Officer and a Vice President of Finance
December 03 2007 - 4:37PM
Marketwired
ACHESON, ALBERTA (TSX: NOA)(NYSE: NOA) today announced the
appointments of Peter Dodd as Chief Financial Officer and David
Blackley as Vice President, Finance, reporting to Peter. Peter and
David will join NAEP's senior executive team and will add to the
Company's capabilities in the areas of finance, accounting and
internal controls. In particular, they will oversee the continuing
implementation of the Company's financial control systems and
support strategic initiatives as the Company continues to adapt to
very high rates of growth serving its customers in the Canadian oil
sands and other resource and industrial and construction sectors.
The Company's recently released second quarter results showed over
70% growth in both revenue and EBITDA compared to the same period
last year.
"We are delighted to welcome these two exceptional individuals
to NAEP," said Rod Ruston, President and CEO. "You need the best
people in key positions to sustain the high growth we are
experiencing. Peter and David have the capability to ensure the
necessary financial controls and systems are in place to assist in
the drive for further profitable growth in the business."
Peter Dodd has over 25 years experience in strategic business
planning, corporate finance and investment banking and in addition
to the VP Finance, the Treasury, Investor Relations, Internal Audit
and Company Secretarial/Legal functions will report to him. Prior
to joining NAEP, he served as Director of Strategy and Development
for CSR Ltd, an Australian-based conglomerate with sugar, building
products, aluminum and property divisions. Previously, he was
Managing Director and Global Head of Corporate Finance for ABN AMRO
in London, England, where he managed corporate finance teams in 23
countries. He has also served as Executive Director in M&A for
UBS Warburg in Australia. A PhD in Accounting and Finance, Peter
served as Dean and Managing Director of the Australian Graduate
School of Management, a world recognized business school serving
both the University of New South Wales and the University of
Sydney.
David Blackley brings to NAEP extensive experience leading
accounting and financial reporting teams and overseeing the design
and implementation of internal financial controls and processes. He
will be responsible for all controllership and taxation functions
including the implementation and sustainment of SOX controls. David
comes to NAEP from Lafarge Canada Inc. where he served as Vice
President Finance of the North American Aggregates and Concrete
division. Mr. Blackley began his career in 1987 as an auditor with
Price Waterhouse, eventually becoming Assistant Manager (Audit). He
went on to serve in finance roles with several companies including
TriWaste Reduction Services Inc., Newalta Corporation, Mark
Products and Northland Energy Corporation in progressively more
senior positions. A Chartered Accountant, Mr. Blackley holds a
Bachelor of Commerce from Rhodes University in South Africa.
North American Energy Partners Inc. (www.nacg.ca) is one of the
largest providers of mining and site preparation, piling and
pipeline installation services in western Canada. For more than 50
years, NAEP has provided services to large oil, natural gas and
resource companies, with a principal focus on the Canadian oil
sands. The company maintains one of the largest independently owned
equipment fleets in the region.
EBITDA is not a recognized measure under generally accepted
accounting principles and does not have a standardized meaning
prescribed by generally accepted accounting principles, and
computations of this measure may vary from others in our industry.
We generally provide a reconciliation of EBITDA to net income in
our management's discussion and analysis.
Contacts: North American Energy Partners Inc. Kevin Rowand
Investor Relations, Manager (780) 960-4531 (780) 960-7103 (FAX)
Email: krowand@nacg.ca Website: www.nacg.ca
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