Enerflex Ltd. (TSX:EFX) (“Enerflex” or the “Company”) announced
today the appointment of Sanjay Bishnoi as Senior Vice President
and Chief Financial Officer and David H. Izett as Senior Vice
President, General Counsel, effective September 9, 2019.
Mr. Bishnoi is a proven Chief Financial Officer
with over 20 years of financial and leadership experience in the
energy and professional services sectors, with deep capabilities in
the North American asset ownership space. Mr. Bishnoi will be
responsible for leading Enerflex’s finance, treasury, corporate
development, capital markets, enterprise risk management, internal
audit, and investor relations functions.
Mr. Bishnoi will be returning to Calgary,
joining Enerflex from Caprock Midstream, a Houston-based,
private-equity natural gas, oil, and water oriented midstream
venture, where he was the co-founder and Chief Financial Officer
for five years. Prior to this role at Caprock Midstream, Mr.
Bishnoi served as Managing Director for GE Corporate Ventures, and
Vice President with GE Energy Financial Services Natural Resources
platform. Mr. Bishnoi also held financial and operational roles
with The Dow Chemical Company, El Paso Corporation, The Boston
Consulting Group, and Imperial Oil Resources. Mr. Bishnoi holds an
MBA from the University of Chicago, a Ph.D. in Chemical Engineering
from the University of Texas at Austin, and a B.Sc. in Chemical
Engineering from the University of Calgary.
“Sanjay has a demonstrated track-record of
enhancing shareholder value through financial discipline, strategic
corporate development, and the adoption of performance
measurements, driving growth. Most recently his success in building
a natural gas compression, gathering, and processing business in
the Permian basin will deepen Enerflex’s understanding of its
customers, markets, and growth opportunities,” said Marc Rossiter,
Enerflex’s President and Chief Executive Officer. “Most
importantly, Sanjay is a values-based individual with a strong
commitment to serving shareholders, employees, and clients.”
“I believe that the potential growth and value
creation for Enerflex is tremendous, given the dedicated employees,
strong product and service offering, and global footprint of the
Company,” stated Bishnoi. “Marc has assembled a strong leadership
and operational team and I look forward to working alongside the
team to drive Enerflex’s growth across the natural gas value chain
and geographies.”
Mr. Bishnoi will succeed Ben Park, current
Interim Chief Financial Officer of Enerflex. “I want to thank Ben
for his contributions while serving as Interim Chief Financial
Officer,” added Rossiter. “His efforts and valuable financial
leadership has provided for a seamless transition.”
Also joining Enerflex’s executive leadership
team is David H. Izett, a senior lawyer with over 17 years of North
American and International experience in public oil and gas,
manufacturing, and mining sectors. He brings extensive experience
in complex project development, joint ventures, and international
oil and gas production. As Senior Vice President, General Counsel,
Mr. Izett, will lead Enerflex’s global legal and governance affairs
and contribute to enterprise risk management.
Mr. Izett joins Enerflex from Nutrien, the
world’s largest provider of crop inputs, services, and solutions
where he served for seven years, most recently as Assistant General
Counsel, Nitrogen and International, and previously as Chief Legal
Counsel for the Wholesale business unit of Agrium, one of Nutrien’s
predecessor entities. Prior to his leadership roles at Nutrien, Mr.
Izett acted as legal counsel and held various leadership roles
within Occidental Petroleum supporting several oil and gas business
units across the Middle East. Mr. Izett holds his J.D. in Law
from Dalhousie University, and his B.A. in Humanities from the
University of Calgary.
“David’s legal acumen, contract management, and
operational expertise will serve Enerflex as we strengthen our
asset ownership focus and the diversification of our business
model,” stated Rossiter. “He brings a skill set that will enhance
the Company’s bench strength as we continue to execute on our
long-term strategy.”
“I look forward to joining this dynamic
organization and contributing to the continuing growth of its
global platform. I am excited to take part in transforming natural
gas to meet the world’s energy needs in a way that promotes
integrity, commitment, creativity, and success,” said Izett.
About Enerflex
Enerflex Ltd. is a single source supplier of
natural gas compression, oil and gas processing, refrigeration
systems, and electric power generation equipment – plus related
engineering and mechanical service expertise. The Company’s broad
in-house resources provide the capability to engineer, design,
manufacture, construct, commission, and service hydrocarbon
handling systems. Enerflex’s expertise encompasses field
production facilities, compression and natural gas processing
plants, gas lift compression, refrigeration systems, and electric
power equipment servicing the natural gas production industry.
Headquartered in Calgary, Canada, Enerflex has
approximately 2,600 employees worldwide. Enerflex, its
subsidiaries, interests in associates and joint-ventures operate in
Canada, the United States, Argentina, Bolivia, Brazil, Colombia,
Mexico, Australia, the United Kingdom, the United Arab Emirates,
Oman, Bahrain, Kuwait, Indonesia, Malaysia, and Thailand.
Enerflex’s shares trade on the Toronto Stock Exchange under the
symbol “EFX”. For more information about Enerflex, go to
www.enerflex.com.
For investor and media inquiries, please
contact:
Marc
Rossiter |
Stefan Ali |
President & Chief Executive
Officer |
Director, Investor Relations |
Tel: 403.387.6325 |
Tel: 403.717.4953 |
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