Greenfire Resources Announces New President and Departure of Senior Executives
Greenfire Resources (NYSE: GFR) (TSX: GFR) has announced significant leadership changes, appointing Colin Germaniuk as President and Adam Waterous as Executive Chairman. Germaniuk, who previously served at Serafina Energy , brings extensive thermal oil operations experience, having helped grow production from zero to approximately 40,000 barrels per day in his former role.
The leadership transition includes the departure of four senior executives: Robert Logan (President and CEO), Kevin Millar (SVP, Operations & Steam Chief), Albert Ma (SVP, Engineering), and Crystal Park (SVP, Commercial). Tony Kraljic and Jonathan Kanderka will continue as CFO and COO respectively, reporting to Germaniuk.
Germaniuk's background includes management positions at Connacher Oil and Gas and Canadian Natural Resources , focusing on thermal oil operations. He will report directly to Waterous and aims to optimize operations, reduce costs, and maximize production.
Greenfire Resources (NYSE: GFR) (TSX: GFR) ha annunciato importanti cambiamenti nella leadership, nominando Colin Germaniuk come Presidente e Adam Waterous come Presidente Esecutivo. Germaniuk, che ha precedentemente lavorato presso Serafina Energy, porta con sé una vasta esperienza nelle operazioni di olio termico, avendo contribuito a far crescere la produzione da zero a circa 40.000 barili al giorno nel suo ruolo precedente.
La transizione di leadership include il passaggio di quattro dirigenti senior: Robert Logan (Presidente e CEO), Kevin Millar (SVP, Operazioni & Responsabile Vapore), Albert Ma (SVP, Ingegneria) e Crystal Park (SVP, Commerciale). Tony Kraljic e Jonathan Kanderka continueranno rispettivamente come CFO e COO, rispondendo a Germaniuk.
Il background di Germaniuk comprende posizioni dirigenziali presso Connacher Oil and Gas e Canadian Natural Resources, con un focus sulle operazioni di olio termico. Riporterà direttamente a Waterous e mira a ottimizzare le operazioni, ridurre i costi e massimizzare la produzione.
Greenfire Resources (NYSE: GFR) (TSX: GFR) ha anunciado cambios significativos en la dirección, nombrando a Colin Germaniuk como Presidente y a Adam Waterous como Presidente Ejecutivo. Germaniuk, quien anteriormente trabajó en Serafina Energy, aporta una amplia experiencia en operaciones de aceite térmico, habiendo ayudado a aumentar la producción de cero a aproximadamente 40,000 barriles por día en su rol anterior.
La transición de liderazgo incluye la partida de cuatro altos ejecutivos: Robert Logan (Presidente y CEO), Kevin Millar (SVP, Operaciones y Jefe de Vapor), Albert Ma (SVP, Ingeniería) y Crystal Park (SVP, Comercial). Tony Kraljic y Jonathan Kanderka continuarán como CFO y COO respectivamente, reportando a Germaniuk.
El historial de Germaniuk incluye posiciones de gestión en Connacher Oil and Gas y Canadian Natural Resources, centradas en operaciones de aceite térmico. Reportará directamente a Waterous y tiene como objetivo optimizar las operaciones, reducir costos y maximizar la producción.
그린파이어 리소스 (NYSE: GFR) (TSX: GFR)는 중요한 리더십 변화를 발표하며 콜린 게르마니우크를 사장으로, 아담 워터우스를 이사회 의장으로 임명했습니다. 게르마니우크는 이전에 세라피나 에너지에서 근무했으며, 열유체 운영에 대한 광범위한 경험을 가지고 있으며, 이전 역할에서 생산을 제로에서 하루 약 40,000배럴로 성장시키는 데 기여했습니다.
리더십 전환에는 네 명의 고위 간부의 퇴사가 포함됩니다: 로버트 로건(사장 겸 CEO), 케빈 밀러(SVP, 운영 및 증기 책임자), 알버트 마(SVP, 엔지니어링), 크리스탈 파크(SVP, 상업). 토니 크랄리치와 조나단 칸데르카는 각각 CFO 및 COO로 계속 근무하며 게르마니우크에게 보고합니다.
게르마니우크의 배경에는 연결기름 및 가스 및 캐나다 내추럴 리소스에서의 관리직이 포함되며, 열유체 운영에 중점을 두고 있습니다. 그는 워터우스에게 직접 보고하며, 운영 최적화, 비용 절감 및 생산 극대화를 목표로 하고 있습니다.
Greenfire Resources (NYSE: GFR) (TSX: GFR) a annoncé des changements significatifs dans la direction, nommant Colin Germaniuk président et Adam Waterous président exécutif. Germaniuk, qui a précédemment travaillé chez Serafina Energy, apporte une vaste expérience dans les opérations d'huile thermique, ayant contribué à faire passer la production de zéro à environ 40 000 barils par jour dans son rôle précédent.
La transition de leadership comprend le départ de quatre cadres supérieurs : Robert Logan (président et CEO), Kevin Millar (SVP, Opérations et Responsable de la Vapeur), Albert Ma (SVP, Ingénierie) et Crystal Park (SVP, Commercial). Tony Kraljic et Jonathan Kanderka continueront respectivement en tant que CFO et COO, reportant à Germaniuk.
Le parcours de Germaniuk inclut des postes de direction chez Connacher Oil and Gas et Canadian Natural Resources, avec un accent sur les opérations d'huile thermique. Il fera directement rapport à Waterous et vise à optimiser les opérations, réduire les coûts et maximiser la production.
Greenfire Resources (NYSE: GFR) (TSX: GFR) hat bedeutende Veränderungen in der Führung angekündigt, indem Colin Germaniuk zum Präsidenten und Adam Waterous zum Executive Chairman ernannt wurde. Germaniuk, der zuvor bei Serafina Energy tätig war, bringt umfangreiche Erfahrung in den Thermalölbetrieben mit, nachdem er geholfen hat, die Produktion von null auf etwa 40.000 Barrel pro Tag in seiner vorherigen Rolle zu steigern.
Der Führungswechsel umfasst den Rücktritt von vier hochrangigen Führungskräften: Robert Logan (Präsident und CEO), Kevin Millar (SVP, Betrieb und Dampfleiter), Albert Ma (SVP, Ingenieurwesen) und Crystal Park (SVP, Kommerzielle). Tony Kraljic und Jonathan Kanderka werden weiterhin als CFO und COO tätig sein und direkt an Germaniuk berichten.
Germaniuks Hintergrund umfasst Managementpositionen bei Connacher Oil and Gas und Canadian Natural Resources, wobei der Schwerpunkt auf Thermalölbetrieben liegt. Er wird direkt an Waterous berichten und zielt darauf ab, die Abläufe zu optimieren, die Kosten zu senken und die Produktion zu maximieren.
- Appointment of experienced thermal oil operations executive Colin Germaniuk as President
- New President has track record of growing production from zero to 40,000 barrels per day at previous company
- Simultaneous departure of four senior executives including CEO and three SVPs indicates significant management upheaval
- Leadership transition may create temporary operational uncertainty
Calgary, Alberta--(Newsfile Corp. - February 11, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") today announced the appointment of Colin Germaniuk, P.Eng., as President and Adam Waterous as Executive Chairman of the Company. Mr. Germaniuk will report directly to Adam Waterous.
Mr. Germaniuk brings extensive experience in thermal oil operations to Greenfire. Prior to joining Greenfire, Mr. Germaniuk spent eight years at Serafina Energy Ltd., a private thermal oil company, where he was an early employee and a member of the executive management team. While at Serafina, he played a critical role in organically growing thermal oil production from zero to approximately 40,000 barrels per day. Serving as the Vice President of Engineering and Health, Safety, and Environment ("HSE"), and before then as the Vice President, Subsurface, Mr. Germaniuk was accountable for drilling, completions, production and reservoir engineering, geology and geophysics, subsurface development, long range plan forecasting, and corporate HSE functions. Mr. Germaniuk's previous experience includes management roles at Connacher Oil and Gas Limited and Canadian Natural Resources Limited, in each case focused on thermal oil operations.
Adam Waterous, Executive Chairman, commented: "On behalf of the Board of Directors, I am delighted to welcome Colin as President of Greenfire. Colin is a proven leader with deep operational expertise in thermal oil production. His track record of driving safe, capital efficient, and reliable operations makes him the right person to lead Greenfire's next phase of growth."
Colin Germaniuk commented, "Greenfire has tremendous potential, and I'm excited to unlock value by driving operational excellence. I look forward to working with the team to optimize operations, reduce costs, and maximize production."
As part of this leadership transition, Robert Logan, President and Chief Executive Officer, along with three Senior Vice Presidents - Kevin Millar (SVP, Operations & Steam Chief), Albert Ma (SVP, Engineering), and Crystal Park (SVP, Commercial) - will be departing the Company. Tony Kraljic and Jonathan Kanderka will continue in their roles as Chief Financial Officer and Chief Operating Officer of the Company, respectively, and will report to Colin Germaniuk.
About Greenfire
Greenfire is a junior Athabasca oil sands producer operating long-life, low-decline thermal assets. Greenfire plans to leverage its large resource base to drive meaningful, capital-efficient production growth. Greenfire common shares are listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol "GFR". For more information, visit greenfireres.com or find Greenfire on LinkedIn and X.
Contact Information
Greenfire Resources Ltd.
205 5th Avenue SW
Suite 1900
Calgary, AB T2P 2V7
investors@greenfireres.com
greenfireres.com
FORWARD-LOOKING STATEMENTS ADVISORY
This Press Release contains certain forward-looking statements or forward-looking information within the meaning of the United States federal securities laws and applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements relate to future events or future performance. All information other than statements of historical fact are forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "forecast," "strategy," "future," "opportunity," "plan," "potential," "may," "should," "will," "can," "could," "would," "will be," "to be," "to include," "to align," "will continue," "will likely result," and similar expressions. Forward-looking statements in this press release, include among others, statements relating to Greenfire's future growth and potential, and intentions to optimize operations, reduce costs and maximize production.
Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. You should carefully consider all of the risks and uncertainties described in the "Risk Factors" section of the Company's annual report on Form 20-F dated March 26, 2024, which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.shtml and in other documents filed by Greenfire from time to time on SEDAR+ and with the United States Securities and Exchange Commission. Forward-looking statements are statements about the future and are inherently uncertain. The Company does not intend, and does not assume any obligation, to update any forward-looking statements, other than as required by applicable law. For all of these reasons, the Company's securityholders should not place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240481
FAQ
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