Gibson Energy Inc. Announces Retirement of CFO and Successor

Mar 06, 2012

CALGARY, March 6, 2012 /CNW/ - Gibson Energy Inc. ("Gibson"), (TSX: GEI), announced today that Richard G. Taylor, Executive Vice President Finance and Chief Financial Officer, will retire on June 30th, 2012 after 21 years of service with the company. "On behalf of the Board of Directors and Gibson employees, I would like to thank Rick for his many years of dedication and service," said Stewart Hanlon, President and Chief Executive Officer. "His 21 years of service has been instrumental in building Gibson into the financially strong and stable corporation that exists today."

Replacing Mr. Taylor will be Donald A. Fowlis, Gibson's Senior Vice President Finance. Effective May 10th 2012, Mr. Fowlis, who has been with the company for 19 years and has over 28 years of industry experience, will assume the position of Senior Vice President and Chief Financial Officer. "Don's appointment is part of the succession plan we put in place several years ago," said Mr. Hanlon. " Our transition timeline will ensure there is a seamless handover of responsibilities."

About Gibson

Gibson is one of the largest independent midstream energy companies in Canada and a major participant in the crude oil transportation business in the United States, and is engaged in the movement, storage, blending, processing, marketing and distribution of crude oil, condensate, natural gas liquids, and refined products. Gibson transports hydrocarbons by utilizing its integrated network of terminals, pipelines, storage tanks, and truck fleet located throughout western Canada and the United States. Additionally, Gibson, through its Canwest Propane subsidiary, is the second largest retail propane distribution company in Canada.

For further information:

Ken Hall
Vice President Investor Relations and Communications
(403) 781-2899
ken.hall@gibsons.com