Macro Enterprises Inc. Announces Change of Senior Officers
September 29 2008 - 4:45PM
Marketwired Canada
Macro Enterprises Inc. (the "Company") (TSX VENTURE:MCR) today announced a
change in management of the Company. Mr. Norman Rokosh has agreed to step down
as Chief Executive Officer and Director of the Company effective September 30,
2008. Mr. Frank Miles, the President of the Company's principal operating
subsidiary, Macro Industries Inc., will assume the position of Chief Executive
Officer.
Mr. Rokosh was appointed CEO of the Company in June, 2007 to lead the growth of
the Company through organic and acquisitive means. The Company subsequently
announced the acquisition of facilities maintenance contractor, Omineca Oilfield
Services Inc., in September, 2007. Presently, the Canadian oil and gas services
industry is experiencing near term challenges which has limited the
opportunities for continued acquisitive growth. The Company has therefore
implemented an internal reorganization to address the current market conditions.
"On behalf of the Company I wish to thank Norm for his dedication and efforts.
We wish him the best wishes in his future endeavors," said Frank Miles.
Macro Enterprises Inc. is a leading oilfield construction and maintenance
company with operations centered in Fort St. John, B.C. Macro's activities
include pipeline construction, facilities maintenance, custom fabrication and
insulating services. Macro is listed on the TSX-Venture Exchange under the
symbol MCR-V.