Copyright of the Daily Oil Bulletin 2017
High Arctic Executive Resigns; Company Appoints New Director
Thomas Alford has tendered his resignation, effective Thursday, as High Arctic Energy Services Inc.’s interim president and CEO.
In conjunction with his resignation, Alford has also stepped down from High Arctic’s board of directors. Michael Binnion, chairman of the board, will temporarily assume his duties. A special committee of the board is leading the search for a permanent president and CEO and reviewing the company’s growth opportunities.
“The board would like to thank Mr. Alford for his interim leadership during the integration of Tervita’s Production Services division into High Arctic’s Canadian operations and wish him all the best in his future endeavors,” High Arctic stated.
High Arctic has appointed Jim Hodgson to its board and the audit committee. Hodgson is the managing director of Link NRG. Prior to his current role, Hodgson was the chief financial officer of Sino Gas & Energy Holdings Ltd. Previously, he was chief financial officer and director of Stream Oil & Gas Ltd. and chief executive officer of United Oil Projects Company, Kuwait. He received a bachelor of science (chemistry) and an MBA (finance/marketing) from the University of Toronto and a master of science (finance) from Leicester University in the U.K.
“We are very pleased with the addition of Mr. Hodgson to the board. He is an experienced financial executive, business leader and corporate director, with experience in the oil and gas industry both in Canada and internationally,” Binnion said.