|By Marketwired .||
|May 9, 2014 04:51 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 05/09/14 -- Logan International Inc. (TSX: LII) ("Logan" or the "Company") today announced the following changes in its executive management. Effective June 16, 2014, Gerald Hage will retire as Logan's President and Chief Executive Officer and David MacNeill, the current Chief Operating Officer, has been appointed to replace Mr. Hage. Mr. Hage will continue on the board as a director, as well as assist with the transition of the new President and Chief Executive Officer.
Paul McDermott, Chairman of the Board of Directors, stated, "We are grateful to Mr. Hage for his commitment and his contribution to the Company's success as well as for his continued involvement. We are pleased to announce Mr. MacNeill's promotion to President and Chief Executive Officer, which completes an orderly transition of the Company's leadership. The board has complete confidence that Mr. MacNeill is ideally suited to be our next CEO. David brings extensive management and international oil and gas industry experience to Logan. Prior to joining Logan, Mr. MacNeill was President and Chief Operating Officer of DoubleBarrel Downhole Technologies leading that company to commercialization of its products. Previously, Mr. MacNeill held several positions with National Oilwell Varco, including Vice President of Eastern Hemisphere Operations, where he was responsible for managing drilling and fishing tools, among other products. After growing up and being educated in Eastern Canada, David began his career with Schlumberger in wireline services in Alberta and is well-versed in Canadian operations. He subsequently moved to international postings with Schlumberger, where he was focused primarily on drilling engineering in the West African, Eastern European and Far East markets. We believe his experience in overseas oil and gas management and operations will accelerate growth in Logan's international business."
Logan manufactures and sells a comprehensive line of quality fishing and intervention tools, including retrieving, surface, stroking and remedial tools for a variety of well workover, intervention, drilling, and completion activities (Logan Oil Tools, Inc.); manufactures and sells high-performance polycrystalline diamond compact (PDC) cutters and bearings (Logan SuperAbrasives, Inc.), manufactures and sells packers, bridge plugs, and other completion products (Kline Oilfield Equipment, Inc.); provides proprietary multi-zonal completion technology and conventional completion production products and services (Logan Completion Systems Inc.); provides proprietary and patented products and services that are focused on production optimization in sand-laden heavy oil wells (Scope Production Development Ltd.); and provides proprietary tools that enhance the effectiveness of horizontal drilling (Xtend Energy Services Inc. and Logan Jars, LLC). Common shares of Logan are traded on the Toronto Stock Exchange (TSX) under the ticker symbol "LII".
For more information about Logan International Inc., please visit our website at www.loganinternationalinc.com.
Logan International Inc.
Chief Executive Officer
Logan International Inc.
Chief Operating Officer
Logan International Inc.
Chief Financial Officer
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