Energizing Leadership at Enerflex Ltd.
CALGARY, Alberta — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) has taken an important step forward by announcing Paul E. Mahoney's appointment as the new President and Chief Executive Officer. This transition is effective September 29, and he will also take his place on the company’s Board of Directors. This decisive move follows a comprehensive global search that considered many highly qualified candidates, both from within and outside the organization, facilitated by a global executive search firm.
Welcoming a Seasoned Executive
Kevin Reinhart, the Chair of the Board, expressed excitement about this new chapter for Enerflex. He stated, “We are pleased to welcome Paul as Enerflex’s President and CEO. With over three decades of rich experience in the industrial and energy sectors, Paul stands out as an accomplished executive. His extensive industry insight, together with a history of crafting and executing successful strategies, positions him as the ideal leader to further our mission of creating sustainable shareholder value.”
Paul Mahoney's Vision
Paul is aligned with Enerflex’s core values and is set to enrich the team of seasoned executives already leading the Company. Upon assuming the role, his focus will be on advancing Enerflex’s strategic priorities. These immediate objectives include enhancing the profitability of core operations, leveraging the Company’s stronghold in core operating regions to capitalize on anticipated increases in natural gas and produced water volumes, and maximizing free cash flow. This proactive approach aims not only to fortify Enerflex’s financial standing but also to provide tangible returns for shareholders while investing in strategic growth opportunities.
Looking Ahead
“Joining Enerflex during such an exhilarating period is something I am eagerly anticipating,” stated Mr. Mahoney. “Recognized as a global leader, Enerflex is well-equipped to meet the rising global demand for natural gas in the coming years. I am eager to collaborate with the Board, the leadership team, and our talented workforce to fulfill our objectives, benefiting our shareholders, client partners, employees, and the communities we serve.”
Transition and Continuity
Preet S. Dhindsa, the interim Chief Executive Officer, conveyed optimism about Mr. Mahoney's arrival, noting that his fresh perspectives and qualifications will invigorate the leadership team as they build upon an already strong foundation.
Mr. Dhindsa, who stepped up as interim CEO, will continue as Senior Vice President and CFO. Joe Ladouceur will remain as Vice President for Treasury, Tax, and Insurance, continuing his vital role in the Company’s operations.
Acknowledging Past Leadership
Kevin Reinhart expressed gratitude on behalf of the Board and all stakeholders, thanking Preet and Joe for their remarkable contributions during the transition period. Their leadership ensured that Enerflex remained on track to deliver results and enhance shareholder value throughout this transition.
Spotlight on Paul E. Mahoney
Paul Mahoney is distinguished in leading global organizations within the industrial and energy realms, consistently delivering value through strategic development and execution, combined with robust culture and talent management. His impressive career encompasses engineering, business development, and executive leadership roles in industries focused on energy production.
In recent years, Mr. Mahoney served as Group President for Production & Automation Technologies at ChampionX Corporation, a leading name in providing production technologies for the oil and gas market. His role there was pivotal until ChampionX was acquired by SLB. Prior to ChampionX, he held the position of President for Artificial Lift at Dover Corporation. He earned a Bachelor of Science degree with a dual concentration in Physics and Electrical Engineering from the University of Buffalo, and an MBA from the Albers School of Business and Economics at Seattle University. Additionally, he serves as a Director at Chart Industries Inc.
The Enerflex Commitment
Enerflex is recognized as a premier integrated provider of energy infrastructure and transition solutions. They deploy innovative natural gas, low-carbon, and treated water solutions, ranging from individual, modular products to comprehensive integrated solutions. With a workforce of over 4,400 professionals, Enerflex is united by its vision: Transforming Energy for a Sustainable Future. The Company actively champions the future of natural gas and focuses on sustainability as part of the broader energy transition and decarbonization initiatives.
Enerflex’s common shares can be found trading on the Toronto Stock Exchange under the symbol “EFX” and on the New York Stock Exchange under “EFXT”. For further details about Enerflex, please explore their website.
For investor and media inquiries, contact:
Preet S. Dhindsa
President and Chief Executive Officer (Interim)
Email: PDhindsa@enerflex.com
Jeff Fetterly
Vice President, Corporate Development and Capital Markets
Email: JFetterly@enerflex.com
Frequently Asked Questions
Who is Paul Mahoney?
Paul Mahoney is the newly appointed President and CEO of Enerflex Ltd., bringing over 30 years of experience in the energy sector.
What is Enerflex?
Enerflex is a global energy solutions provider specializing in energy infrastructure, natural gas, and low-carbon solutions.
When will Paul Mahoney start his role?
Paul Mahoney will officially take on the responsibilities as President and CEO on September 29, 2025.
What are Enerflex’s immediate priorities?
The company aims to enhance profitability, capitalize on natural gas volume increases, and maximize free cash flow.
Where can I find more information about Enerflex?
For more details, you can visit Enerflex's official website.
