CALGARY, ALBERTA--(Marketwired - July 15, 2015) - Gibson Energy Inc. ("Gibson" or the "Company"), (TSX:GEI), announced today that Donald A. Fowlis, Chief Financial Officer, has informed the Company of his intent to retire in the first half of 2016, completing a 23 year career with the Company. The Company has initiated a formal process to identify a new Chief Financial Officer and Mr. Fowlis will remain in his current role in order to provide an orderly transition.
"For over 20 years, Don's knowledge of the business and our operating environment has been instrumental in the success of our company. He was crucial in our successful transition from private to public company and his strong financial stewardship has helped position Gibsons as a leading North American midstream energy company." said Stewart Hanlon, Gibsons' President and Chief Executive Officer. "On behalf of our shareholders, our Board of Directors and everyone at Gibsons, I want to thank Don for his leadership, strategic insight and outstanding contributions. He will be leaving us in a strong financial position and with an excellent finance team. We wish him all the best during his pending retirement."
Gibson is a large independent integrated service provider to the oil and gas industry with operations across major producing regions throughout North America. Gibson is engaged in the movement, storage, blending, processing, marketing and distribution of crude oil, condensate, natural gas liquids, water, oilfield waste, and refined products. The Corporation transports energy products by utilizing its integrated network of terminals, pipelines, storage tanks, and trucks located throughout western Canada and through its significant truck transportation and injection station network in the United States. The Corporation also provides emulsion treating, water disposal and oilfield waste management services in Canada and the United States and is the second largest industrial propane distribution company in Canada. The Corporation's integrated operations allow it to participate across the full midstream energy value chain, from the hydrocarbon producing regions in Canada and the United States, through the Corporation's strategically located terminals in Hardisty and Edmonton, Alberta and injection stations and small terminals in the United States, to the end user or refineries of North America.