Enerflex Ltd. Announces the Appointment of Paul Mahoney as President, CEO and Director
Enerflex (NYSE:EFXT) has appointed Paul E. Mahoney as its new President, CEO, and Board Director, effective September 29, 2025. The appointment follows an extensive global search process evaluating both internal and external candidates.
Mahoney brings over 30 years of experience in industrial and energy sectors. The company's near-term priorities include enhancing core operations profitability, capitalizing on expected increases in natural gas and produced water volumes, and maximizing free cash flow to strengthen its financial position.
Preet S. Dhindsa, who served as interim CEO, will return to his role as Senior Vice President and CFO, while Joe Ladouceur will continue as Vice President Treasury, Tax, and Insurance.
Enerflex (NYSE:EFXT) ha nominato Paul E. Mahoney come nuovo Presidente, CEO e Direttore del Consiglio, con effetto dal 29 settembre 2025. La nomina è il risultato di una lunga ricerca globale che ha valutato candidati interni ed esterni.
Mahoney porta oltre 30 anni di esperienza nei settori industriale ed energetico. Le priorità a breve termine dell'azienda includono migliorare la redditività delle operazioni principali, capitalizzare sui previsti aumenti dei volumi di gas naturale e di acque di produzione e massimizzare il flusso di cassa libero per rafforzare la posizione finanziaria.
Preet S. Dhindsa, che ha ricoperto il ruolo di CEO ad interim, tornerà al ruolo di Senior Vice President e CFO, mentre Joe Ladouceur continuerà come Vice President Treasury, Tax e Insurance.
Enerflex (NYSE:EFXT) ha designado a Paul E. Mahoney como nuevo Presidente, CEO y Director de la Junta, con efecto el 29 de septiembre de 2025. El nombramiento sigue a un extenso proceso de búsqueda global que evaluó candidatos internos y externos.
Mahoney aporta más de 30 años de experiencia en los sectores industriales y de energía. Las prioridades a corto plazo de la empresa incluyen mejorar la rentabilidad de las operaciones centrales, aprovechar los aumentos previstos en los volúmenes de gas natural y agua producida, y maximizar el flujo de efectivo libre para fortalecer su posición financiera.
Preet S. Dhindsa, quien se desempeñó como CEO interino, volverá a su cargo de Senior Vice President y CFO, mientras que Joe Ladouceur continuará como Vice President Treasury, Tax y Insurance.
Enerflex (NYSE:EFXT)가 Paul E. Mahoney를 새로운 사장, 최고경영자(CEO) 및 이사회 이사로 임명했으며, 2025년 9월 29일부로 발효됩니다. 이번 임명은 내부 및 외부 후보를 평가한 광범위한 세계적 검색 과정의 결과입니다.
Mahoney는 산업 및 에너지 분야에서 30년이 넘는 경험을 보유하고 있습니다. 회사의 단기 우선순위로는 핵심 사업의 수익성 향상, 예상되는 천연가스 및 생산된 물의 물량 증가를 활용, 그리고 재정 상태를 강화하기 위한 자유현금흐름 극대화가 포함됩니다.
Preet S. Dhindsa는 임시 CEO로 재직한 뒤 고문 부사장 및 CFO 직무로 돌아가고, Joe Ladouceur는 재무, 세무 및 보험 부사장으로 계속 재직합니다.
Enerflex (NYSE:EFXT) a nommé Paul E. Mahoney au poste de nouveau président, PDG et administrateur du conseil, à compter du 29 septembre 2025. Cette nomination résulte d'un vaste processus de recherche mondiale évaluant des candidats internes et externes.
Mahoney apporte plus de 30 ans d'expérience dans les secteurs industriel et énergétique. Les priorités à court terme de l'entreprise incluent l'amélioration de la rentabilité des opérations clés, la capitalisation sur les augmentations prévues des volumes de gaz naturel et d'eau produite, et la maximisation du flux de trésorerie libre pour renforcer sa position financière.
Preet S. Dhindsa, qui a assuré le poste de PDG par intérim, retournera à son rôle de Senior Vice President et CFO, tandis que Joe Ladouceur continuera comme Vice President Treasury, Tax et Insurance.
Enerflex (NYSE:EFXT) hat Paul E. Mahoney zum neuen Präsidenten, CEO und Verwaltungsratsdirektor ernannt, mit Wirkung zum 29. September 2025. Die Ernennung folgt einem umfassenden globalen Suchprozess, der sowohl interne als auch externe Kandidaten bewertet hat.
Mahoney bringt über 30 Jahre Erfahrung in den Bereichen Industrie und Energie mit. Zu den kurzfristigen Prioritäten des Unternehmens gehören die Steigerung der Rentabilität der Kernbetriebe, die Kapitalisierung der erwarteten Zuwächse bei Volumen von Erdgas und produziertem Wasser sowie die Maximierung des freien Cashflows zur Stärkung der finanziellen Position.
Preet S. Dhindsa, der als vorübergehender CEO fungierte, kehrt in seine Rolle als Senior Vice President und CFO zurück, während Joe Ladouceur weiterhin als Vice President Treasury, Tax und Insurance tätig bleibt.
Enerflex (NYSE:EFXT) قد عيّنت Paul E. Mahoney كرئيس تنفيذي جديد، وعضو مجلس الإدارة، والمدير في المجلس، اعتبارًا من 29 سبتمبر 2025. تأتي هذه التعيينات عقب عملية بحث عالمية واسعة قيمت مرشحين داخليين وخارجيين.
يمتلك Mahoney أكثر من 30 عامًا من الخبرة في قطاعات الصناعة والطاقة. تشمل أولويات الشركة في المدى القريب تحسين ربحية العمليات الأساسية، والاستفادة من الزيادات المتوقعة في أحجام الغاز الطبيعي والمياه المُنتَجة، وتحقيق أقصى قدر من التدفق النقدي الحر لتعزيز وضعها المالي.
سيعود Preet S. Dhindsa إلى دوره كنائب أول للرئيس ومدير مالي، في حين سيواصل Joe Ladouceur عمله كنائب الرئيس للخزانة والضرائب والتأمين.
Enerflex（NYSE:EFXT） 已任命 Paul E. Mahoney 为新任总统、首席执行官及董事会董事，任期自 2025 年 9 月 29 日起生效。此次任命源自一项广泛的全球招聘过程，评估了内部和外部候选人。
Mahoney 拥有 超过 30 年的行业与能源领域经验。公司的短期优先事项包括提升核心运营的盈利能力、利用天然气及生产用水量预计增长的机会，以及最大化自由现金流以增强财务状况。
担任临时首席执行官的 Preet S. Dhindsa 将回到高级副总裁兼首席财务官的岗位，而 Joe Ladouceur 将继续担任财务、税务与保险副总裁。
- Appointment of highly experienced executive with over 30 years of industry expertise
- Clear strategic focus on enhancing profitability and maximizing free cash flow
- Stable leadership transition with interim executives remaining in key positions
- None.
Insights
New CEO appointment signals Enerflex's commitment to growth strategy while maintaining strategic continuity during leadership transition.
Enerflex's appointment of Paul Mahoney as President and CEO represents a strategic leadership transition following what appears to be a methodical selection process involving both internal and external candidates. With over 30 years of experience across industrial and energy sectors, Mahoney brings valuable industry expertise at a critical time for the company.
The press release emphasizes three strategic priorities that will continue under Mahoney's leadership: enhancing core operational profitability, capitalizing on expected increases in natural gas and produced water volumes in key markets, and maximizing free cash flow. This indicates the board is seeking strategic continuity while bringing in fresh perspective.
The seamless transition plan is noteworthy - interim CEO Preet Dhindsa will return to his permanent role as CFO while interim CFO Joe Ladouceur reverts to his VP position. This well-orchestrated succession suggests organizational stability during the leadership change.
Particularly significant is the company's positioning within the natural gas sector. Mahoney's statement that "Enerflex is well positioned to take advantage of growing global natural gas demand for years to come" signals the company's strategic focus on capitalizing on energy transition opportunities where natural gas serves as a bridge fuel.
The board chair's emphasis on "creating sustainable shareholder value" and Mahoney's reference to delivering value to multiple stakeholders including shareholders, clients, employees and communities indicates a balanced approach to corporate governance and stakeholder management that aligns with modern leadership expectations.
CALGARY, Alberta, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today announced the appointment Paul E. Mahoney as the Company's President and Chief Executive Officer, effective September 29, 2025. Mr. Mahoney will also join Enerflex’s Board of Directors at the same time. The appointment follows an extensive global search process, which included the evaluation of highly qualified internal and external candidates, and was aided with the support of a global executive search firm.
Kevin Reinhart, Chair of the Board, stated, “We are pleased to welcome Paul as Enerflex’s new President and CEO. With over 30 years of experience across the industrial and energy sectors, Paul is a highly accomplished and seasoned executive. His broad industry experience, proven track record of developing and executing winning strategies, exemplary leadership capabilities, and fresh perspective make him the ideal candidate to drive the Company’s ongoing focus on creating sustainable shareholder value”.
Mr. Mahoney shares Enerflex’s core values and will complement the Company's deep bench strength of senior leaders. Upon assuming the role, he will be working with the leadership team in advancing the Company’s strategic priorities. Enerflex’s near-term priorities remain: (1) enhancing the profitability of core operations; (2) leveraging the Company’s leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to further strengthen Enerflex’s financial position, provide direct shareholder returns, and invest in select customer supported growth opportunities.
Mr. Mahoney commented, “I’m looking forward to joining Enerflex at an exciting time for the Company. Enerflex is a recognized global leader and I believe the Company is well positioned to take advantage of growing global natural gas demand for years to come. I look forward to working with the Board, the senior leadership team and the talented employees to deliver on our goals for the benefit of our shareholders, client partners, employees, and communities.”
“On behalf of the leadership team, we look forward to working with Paul,” said Preet S. Dhindsa, interim Chief Executive Officer. “His complementary skillset and experience will bring fresh insight and energy to the team as we continue to build off our solid foundation”.
Mr. Dhindsa, who served as interim Chief Executive Officer, will remain as Senior Vice President and CFO. Joe Ladouceur, who served as interim CFO, will remain as Vice President Treasury, Tax, and Insurance.
“On behalf of the Board and all stakeholders, I would like to thank Preet and Joe for their tremendous efforts and contributions as interim leaders while the Board undertook the CEO search. Their leadership, combined with the commitment of all employees, ensured Enerflex continues to deliver results and drive shareholder value during the period of transition,” said Mr. Reinhart.
About Paul E. Mahoney
Paul Mahoney has a distinguished track record leading global organizations across the industrial and energy sectors, delivering value through effective strategy development and execution coupled with strong culture and talent management. His career includes engineering, business development, management and executive leadership for technical solutions with industrial-based industries that are directly involved in energy production of energy-related materials. Since 2018, Mr. Mahoney has served as Group President, Production & Automation Technologies at ChampionX Corporation (“ChampionX”), a leading provider of production technologies for the upstream and midstream oil and gas markets. ChampionX was acquired by SLB in July 2025. Prior to his tenure at ChampionX, Mr. Mahoney held the role of President, Artificial Lift at Dover Corporation. He holds a Bachelor of Science degree with dual focus in Physics and Electrical Engineering from the University of Buffalo, and an MBA from the Albers School of Business and Economics at Seattle University. Mr. Mahoney also serves as a Director of Chart Industries Inc.
ADVISORY REGARDING FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” (and together with “forward-looking information”, “FLI”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are FLI. The use of any of the words “believe”, “could”, “estimate”, “expect”, “future”, “may”, “should”, “will” and similar expressions, (including negatives thereof) are intended to identify FLI.
In particular, this news release includes (without limitation) forward-looking information and statements pertaining to the effective date of the appointment of Mr. Mahoney as President, CEO and a director of the Company, growing global natural gas demand and that such growth will continue for years to come, and expected increases in natural gas and produced water volumes and the ability of the Company to capitalize on such increases.
Enerflex’s expectations in respect of its FLI are based on a number of assumptions, estimates and projections developed based on past experience and anticipated trends, including, but not limited to, assumptions that global demand for energy will continue to increase and that production activity will drive growth in natural gas and produced water volumes across Enerflex’s core operating countries. As a result of the foregoing, actual results, performance, or achievements of Enerflex could differ and such differences could be material from those expressed in, or implied by, the FLI. The principal risks, uncertainties and other factors affecting Enerflex and its business are identified under the heading "Risk Factors" in: (i) Enerflex's Annual Information Form for the year ended December 31, 2024, dated February 27, 2025; and (ii) Enerflex's Annual Report filed February 28, 2025, copies of which are available under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.
The FLI included in this news release are made as of the date of this news release and are based on the information available to the Company at such time and, other than as required by law, Enerflex disclaims any intention or obligation to update or revise any FLI, whether as a result of new information, future events, or otherwise. This news release and its contents should not be construed, under any circumstances, as investment, tax, or legal advice.
ABOUT ENERFLEX
Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions. With over 4,400 engineers, manufacturers, technicians, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts.
Enerflex’s common shares trade on the Toronto Stock Exchange under the symbol “EFX” and on the New York Stock Exchange under the symbol “EFXT”. For more information about Enerflex, visit www.enerflex.com.
For investor and media enquiries, contact:
Preet S. Dhindsa
President and Chief Executive Officer (Interim)
E-mail: PDhindsa@enerflex.com
Jeff Fetterly
Vice President, Corporate Development and Capital Markets
E-mail: JFetterly@enerflex.com
FAQ
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