CE Franklin Ltd. Names New Board Member
March 19 2008 - 5:47PM
PR Newswire (US)
CALGARY, March 19 /PRNewswire-FirstCall/ -- CE Franklin Ltd.
(TSX.CFT, AMEX.CFK) today announced the appointment of Don
McKenzie, President and Chief Executive Officer of M-I SWACO, a
60%-owned subsidiary of Smith International Inc., to the board of
directors effective immediately. Don's extensive North American and
International oilfield services experience aligns with CE
Franklin's strategic initiatives. CE Franklin also announced today
that Doug Rock, who has been on the board since 1999, has stepped
down effective today. Doug initiated discussions with the Board
several months ago about stepping down due to time constraints
associated with his responsibilities at Smith International Inc. He
targeted the March 19, 2008 date and has worked closely with the
Board to help identify a successor and ensure an orderly transition
process. "Doug has been a great partner and, on behalf of the
entire Board, I want to thank him for his commitment and
contribution to CE Franklin over the last nine years as well as his
commitment to the business going forward," said Michael West,
Chairman, President and CEO. "We are excited that Don McKenzie is
joining the Board, adding a wealth of experience and continuing the
diversity of knowledge available to the Company." About CE Franklin
For more than half a century, CE Franklin has been a leading
supplier of products and services to the energy industry. CE
Franklin distributes pipe, valves, flanges, fittings, production
equipment, tubular products and other general oilfield supplies to
oil and gas producers in Canada as well as to the oilsands,
refining, heavy oil, petrochemical, forestry and mining industries.
These products are distributed through its 44 branches, which are
situated in towns and cities serving particular oil and gas fields
of the western Canadian sedimentary basin. Forward-looking
Statements: The information in this news release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 and other applicable securities legislation.
All statements, other than statements of historical facts, that
address activities, events, outcomes and other matters that CE
Franklin plans, expects, intends, assumes, believes, budgets,
predicts, forecasts, projects, estimates or anticipates (and other
similar expressions) will, should or may occur in the future are
forward-looking statements. These forward-looking statements are
based on management's current belief, based on currently available
information, as to the outcome and timing of future events. When
considering forward-looking statements, you should keep in mind the
risk factors and other cautionary statements and refer to the Form
20-F or our annual information form for further detail. DATASOURCE:
CE Franklin Ltd. CONTACT: Investor Relations, (800) 345-2858, (403)
531-5604,
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