Welcome to our dedicated page for Civeo Corporation news (Ticker: CVEO), a resource for investors and traders seeking the latest updates and insights on Civeo Corporation stock.
Civeo Corporation (NYSE: CVEO) is a global leader in providing workforce accommodation services, catering primarily to the natural resources industry in Canada, Australia, and the United States. The company offers comprehensive hospitality solutions, ensuring that workers living away from home are comfortable, safe, and productive. Civeo's offerings include lodging, catering and food services, housekeeping, maintenance, and various support services such as laundry, facility management, water and wastewater treatment, power generation, communication systems, security, and logistics.
Operating in regions rich in oil, metallurgical coal, liquefied natural gas, and iron ore, Civeo segments its business into three main geographical areas: Canada, Australia, and the United States. This strategic division allows the company to cater to the specific needs of each region, ensuring seamless operations and high guest satisfaction.
Recent updates from Civeo highlight their continuous efforts in enhancing guest wellbeing and safety through innovative solutions and community partnerships. The company’s unique property development mindset helps in building sustainable and efficient accommodation facilities that meet the highest standards of quality and service.
Latest News:
Dallas, Texas--(Newsfile Corp. - October 30, 2023) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners has recently updated their coverage on Civeo Corporation. Stonegate Capital Partners is a corporate advisory firm dedicated to identifying innovative and undervalued public companies. For further details and access to the full announcement, visit the news section on Civeo’s official website.
For more information, please visit www.civeo.com
Civeo has appointed Andrew S. Fraser as President, Canada, effective August 19, 2024. Fraser succeeds Al Schoening, who is retiring after a 13-year tenure with the company. Schoening will assist in the transition and remain a consultant post-retirement. Fraser brings extensive executive experience, having held CEO positions at NCSG Crane and Heavy Haul and Camex Equipment Sales and Rentals. He also spent 30 years at Finning International in various executive roles. Fraser is expected to leverage his Canadian, U.S., and international market experience to drive growth and enhance Civeo’s offerings. Civeo is a leading provider of hospitality services in the Canadian oil sands and Australian natural resource regions, operating 24 lodges and villages with approximately 26,000 rooms.
Civeo (NYSE: CVEO) has appointed E. Collin Gerry as the new Senior Vice President, Chief Financial Officer (CFO), and Treasurer, effective August 1, 2024. This decision follows a comprehensive search process. Barclay Brewer, the interim CFO, will transition to Vice President, Chief Accounting Officer and will assist Mr. Gerry during the transition period.
Mr. Gerry has been with Civeo since May 2014, holding various executive roles, most recently as Senior Vice President of Canadian Operations. Before joining Civeo, he worked at Raymond James, focusing on energy markets and oilfield services. He earned a Bachelor of Business Administration from The University of Texas at Austin.
Civeo, a leader in hospitality services, operates 24 lodges and villages across Canada, Australia, and the U.S., with approximately 26,000 rooms.
Civeo (CVEO) received an update from Stonegate Capital Partners, highlighting a strong 4.0% dividend yield, a 2.1% increase in Canadian room rates, and a significant 37% year-over-year growth in Australian gross profit.
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