STEP Energy Services Ltd. Announces Appointment of New Independent Director Rachel Moore and Retirement of Donna Garbutt
September 05 2023 - 7:01PM
STEP Energy Services Ltd. (“STEP”) is pleased to announce the
appointment of Ms. Rachel Moore as an independent director of
STEP’s board of directors, effective October 1, 2023. Ms. Moore is
currently serving as the executive vice president, corporate
services, at Ovintiv Inc. (TSE:OVV), a position she has held since
January 2020. Ms. Moore previously served as Ovintiv’s vice
president, human resources since January 2015. Before joining
Ovintiv, Ms. Moore held a variety of senior leadership positions
including executive vice president, human resources at Savanna
Energy Services Corporation, and vice president, human resources,
at Enerflex Systems Ltd. Ms. Moore currently serves on the board of
directors for the Wilder Institute (Calgary Zoo) in support of
wildlife conservation and previously served as the chair of the
board for the United Way of Calgary and Area. Ms. Moore holds a
Bachelor of Arts degree in political science and a Master of
Business Administration from the University of Calgary.
Steve Glanville, president and CEO of STEP,
commented, “We are pleased to welcome Rachel as our newest member
of our board of directors. We look forward to her contributions and
the positive impact she will make as we continue to innovate, grow,
and reach new milestones.”
STEP also announces that Ms. Donna Garbutt will
be retiring as a member of the board of directors effective
September 30, 2023. Ms. Garbutt has served as a member of the board
since April 2017 and was chair of STEP’s HSE Committee.
Mr. Glanville adds, “On behalf of the board and
management team, I want to express our appreciation to Donna for
her significant contributions and exceptional leadership during her
tenure on STEP’s board, where she also served as chair of STEP’s
HSE Committee. We extend our heartfelt gratitude for her commitment
over the last six years and wish her a fulfilling and happy
retirement.”
Following the retirement of Ms. Garbutt and the
appointment of Ms. Moore, STEP’s board of directors will consist of
seven members.
FORWARD-LOOKING STATEMENTS
This press release contains certain information
that is forward-looking and is subject to important risks and
uncertainties (such statements are usually accompanied by words
such as "anticipate", "expect", "believe", "may", "will", "should",
"estimate", "intend" or other similar words). All statements other
than statements of historical fact are forward-looking statements.
Forward-looking statements in this document are intended to provide
STEP security holders and potential investors with information
regarding STEP and its subsidiaries, including management's
assessment of STEP's and its subsidiaries' future plans and
financial outlook.
In particular, this press release contains
forward-looking statements pertaining to, but not limited to
information regarding the retirement of Ms. Garbutt and the
appointment of Ms. Moore. All forward-looking statements reflect
STEP's beliefs and assumptions based on information available at
the time the statements were made and as such are not guarantees of
future performance. As actual results could vary significantly from
the forward-looking information, the reader is cautioned not to
place undue reliance on forward-looking information and should not
use future-oriented information or financial outlooks for anything
other than their intended purpose.
The forward-looking information and statements
contained in this press release speak only as of the date of the
document, and none of the Company or its subsidiaries assumes any
obligation to publicly update or revise them to reflect new events
or circumstances, except as may be required pursuant to applicable
laws. We do not update our forward-looking information due to new
information or future events unless we are required to by law. For
additional information on the assumptions made, and the risks and
uncertainties which could cause actual results to differ from the
anticipated results, refer to the most recent Quarterly Report to
Shareholders and Annual Report filed under STEP’s profile on SEDAR
at www.sedar.com.
ABOUT STEP
STEP is an energy services company that provides
coiled tubing, fluid and nitrogen pumping and hydraulic fracturing
solutions. Our combination of modern equipment along with our
commitment to safety and quality execution has differentiated STEP
in plays where wells are deeper, have longer laterals and higher
pressures. STEP has a high-performance, safety-focused culture and
its experienced technical office and field professionals are
committed to providing innovative, reliable, and cost-effective
solutions to its clients.
Founded in 2011 as a specialized deep capacity
coiled tubing company, STEP has grown into a North American service
provider delivering completion and stimulation services to
exploration and production (“E&P”) companies in Canada and the
U.S. Our Canadian services are focused in the Western Canadian
Sedimentary Basin (“WCSB”), while in the U.S., our fracturing and
coiled tubing services are focused in the Permian and Eagle Ford in
Texas, the Uinta-Piceance and Niobrara-DJ basins in Colorado and
the Bakken in North Dakota.
Our four core values; Safety,
Trust, Execution and
Possibilities inspire our team of professionals to
provide differentiated levels of service, with a goal of flawless
execution and an unwavering focus on safety.
For more information please contact:
Steve GlanvillePresident and Chief Executive OfficerTelephone:
403-457-1772 |
Klaas DeemterChief Financial OfficerTelephone: 403-457-1772 |
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Email: investor_relations@step-es.comWeb:
www.stepenergyservices.com |
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