Calfrac Well Services

TSX:CFW 36.60 +0.87 +2.43%

 Board of Directors

Calfrac’s Board of Directors and its management team are committed to a high standard of corporate governance. They believe effective corporate governance calls for the establishment of processes and structures that contribute to the sound direction and management of the Company’s business, with the goal of enhancing shareholder value.

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  • Ronald P. Mathison


    Age: 55
    Calgary, Alberta, Canada
    Director since March 8, 2004
    Member of the Audit Committee
    Member of the Compensation Committee

    Independent

    Mr. Mathison is one of the Corporation's founders and has served as a member of the board of directors and as Chairman of the Corporation since its formation in 1999. Mr. Mathison is the President and Chief Executive Officer of Matco Investments Ltd. and Matco Capital Ltd., private investment firms which specialize in providing capital and management expertise to companies in which they have an interest. Mr. Mathison has extensive experience in restructuring and financing companies in both the public and private markets and is also a founder of Tesla Exploration Ltd. Until October 2000, Mr. Mathison was a director and principal of Peters & Co. Limited, an investment firm specializing in the oil and natural gas industry. Prior thereto, Mr. Mathison and two other individuals formed the nucleus of Peters & Co. Capital, a private merchant banking entity that is widely associated with numerous restructurings of oil and natural gas exploration and production companies and oilfield service companies.

  • Douglas R. Ramsay

    Vice Chairman and Founder
    Age: 56
    Okotoks, Alberta, Canada
    Director since March 24, 2004
    Member of the Health, Safety and Environment Committee

    Not independent

    Mr. Ramsay is a founder of Calfrac and served as a member of the Board of Directors and as the Chief Executive Officer of the Company from its formation in 1999 to 2013. Mr. Ramsay was also Calfrac’s President from its inception to November 1, 2010. Mr. Ramsay has an extensive background in the oil and natural gas industry. Prior to 1994, Mr. Ramsay was the President of Canadian Fracmaster Ltd., where he spent 12 years enhancing the overall presence of Fracmaster in Canada and worldwide. Previous industry experience as a project manager for Delta Consultants, drilling and completions foreman for Dome Petroleum Corp., and service operator for BJ Well Services Company contributed to Mr. Ramsay’s overall knowledge of the industry.

  • Kevin R. Baker


    Age: 63
    Calgary, Alberta, Canada
    Director since May 11, 2010
    Member of the Compensation Committee
    Chair of the Corporate Governance and Nominating Committee

    Independent

    Mr. Baker served as President and Chief Executive Officer of Century Oilfield Services Inc. from August 2005 until November 10, 2009, when it was acquired by the Corporation. He also has served as the President of Baycor Capital Inc. (and its predecessor companies), a company whose principal business is that of a private merchant bank, since January 1990. He was the President and Chief Executive Officer of Loncor Resources Inc. (formerly, Nevada Bob's International Inc., a company whose principal business was the licensing of trademarks) from September 2000 until November 2008.

  • James S. Blair


    Age: 56
    Calgary, Alberta, Canada
    Director since May 8, 2002
    Member of the Corporate Governance and Nominating Committee
    Chair of the Health, Safety and Environment Committee
    Member of the Corporate Governance and Nominating Committee

    Independent

    Mr. Blair is the President and Chief Executive Officer of Glenogle Energy Inc., a private oil and gas exploration and development company. Mr. Blair was the Chairman and Chief Executive Officer of ExAlta Energy Inc. from 2002 to 2008. Until January 2002, Mr. Blair was Senior Vice President and Chief Operating Officer of Husky Energy Inc. Mr. Blair is a member of the External Research Advisory Board of the Schulich School of Engineering, University of Calgary.

  • Gregory S. Fletcher


    Age: 63
    Calgary, Alberta, Canada
    Director since May 8, 2002
    Chair of the Audit Committee
    Member of the Compensation Committee

    Independent

    Mr. Fletcher is an independent businessman involved in the oil and natural gas industry in western Canada. He has considerable business experience in the junior sector of the oil and natural gas industry and is currently President of Sierra Energy Inc., a private oil and natural gas company that he founded in 1997. Mr. Fletcher is also a director of Peyto Exploration and Development Corp., a public oil and natural gas company, a director of Total Energy Services Inc., a public oilfield service company, and a director of Whitecap Resources Inc., a public oil and natural gas company. During 2009, Mr. Fletcher completed the Director Education Program developed by the Institute of Corporate Directors and the Rotman School of Management in conjunction with the Haskayne School of Business.

  • Lorne A. Gartner


    Age: 62
    Calgary, Alberta, Canada
    Director since May 11, 2010
    Member of the Audit Committee
    Member of the Health, Safety and Environment Committee

    Independent

    Mr. Gartner is an independent businessman. Formerly he was the Managing Director of Royal Bank of Canada Capital Markets, a position he held from 2000 to 2006. Prior to that time, he was a Vice President of Royal Bank of Canada, Calgary Energy Group.

  • R.T. (Tim) Swinton


    Age: 65
    Calgary, Alberta, Canada
    Director since March 24, 2004
    Member of the Audit Committee
    Chair of the Compensation Committee
    Member of the Corporate Governance and Nominating Committee

    Independent

    Mr. Swinton is an independent businessman. He has considerable business experience in the junior and service sectors of the oil and natural gas industry in western Canada. From 1999 to 2001, he was the Executive Chairman of IPEC Ltd., a Canadian pipeline and oilfield construction company. Prior thereto, Mr. Swinton was Chairman and Chief Executive Officer of Kenting Energy Services Inc., and Chairman, President and Chief Executive Officer of EnServ Corporation. Mr. Swinton has also served on the boards of directors of a number of energy services and other energy-related public companies, including Koch Pipelines Canada Limited, Enserco Energy Service Company Inc. and Anderson Exploration Ltd.

Financial Performance

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