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Major Drilling Group International Inc.

Publié le 16 juin 2015

Major Drilling President & CE0 Francis McGuire to Retire

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Major Drilling President & CE0 Francis McGuire to Retire

Microsoft Word - Press Release June 16 2015

NEWS RELEASE

MAJOR DRILLING PRESIDENT & CEO FRANCIS MCGUIRE TO RETIRE; BOARD APPOINTS CFO DENIS LAROCQUE AS SUCCESSOR

MONCTON, New Brunswick (June 16, 2015) - Major Drilling Group International Inc. (TSX- MDI) is today announcing the retirement of Francis McGuire as President and CEO of the Company, and the appointment of Denis Larocque, Chief Financial Officer, to that position. Mr. McGuire will remain in his current role until the transition immediately subsequent to the Company's AGM in September, 2015, at which point Mr. Larocque will assume the duties of the office. The Board is also very pleased to announce that Mr. McGuire has agreed to remain on the Board of Directors, and to stand for re-election at the upcoming AGM.

Mr. McGuire first advised the Board of Directors in mid-2013 that as he was approaching retirement, he believed that the time was right to begin planning for the appointment of his successor as CEO. The Board and Mr. McGuire agreed that he would remain as CEO until such time as the challenging market conditions facing the drilling industry began to stabilize and the Board could commence and complete a full assessment of the Company's senior leadership needs.
That assessment, which included the retention of an external adviser, started in June 2014 and has just concluded, resulting in the appointment of Mr. Larocque. Mr. Larocque joined Major Drilling in 1994 and has served as CFO since June 2006. He has extensive experience in all facets of the Company's business, including working closely with the operations team in setting the strategic goals of the Company.
"Under Francis' leadership, the Company has become internationally recognized by our customers for providing excellent drilling services, by our employees as the employer of choice in the industry, and by our shareholders as a prudently managed, growth oriented investment," said David Tennant, Chairman of the Board. "Although the industry is challenging at the moment, by almost all metrics Major Drilling is performing well relative to its peers and is very well positioned to take advantage of the opportunities that will arise when the mining sector rebounds. This enviable position is the result of a very cohesive senior management team, and we are confident that the appointment of Mr. Larocque will ensure the continuity of the business strategy and operational excellence that we are known for."
"Fifteen years ago, the Board of Directors asked Francis to lead us on a path of positioning our company as a leading, globally recognized contract drilling company," continued Tennant. "We cannot thank Francis enough for his enormous contributions to our success. The Company is now in an enviable position, with an impressive leadership team fully prepared to meet the challenges presented by the future and to meet the increasing expectations of our loyal customers. We are very fortunate indeed that Francis has chosen to remain involved with the Company and we know that he will continue to make invaluable contributions as member of our Board."
"I am very proud of the people that we have running the Company today. We have a talented, creative and customer-driven executive team," said Mr. McGuire. "Denis is highly regarded and widely respected both within and outside the Major Drilling family and I look forward to
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continuing to work with him in my role on the Board, as he takes on the leadership of Major
Drilling".
"It's a tremendous honour to be asked to lead one of Canada's truly international success stories," said Mr. Larocque. "Francis is leaving Major Drilling in a position of strength and with many opportunities to build an even stronger Company. We have an exceptional management group within our organization which, in many respects, is due to the guidance and mentoring of Francis as CEO over the years. With our strong financial and competitive position, I am definitely optimistic about the Company's prospects," concluded Mr. Larocque.

Forward-Looking Statements

Some of the statements contained in this press release may be forward-looking statements, such as, but not limited to, those relating to worldwide demand for gold and base metals and overall commodity prices, the level of activity in the minerals and metals industry and the demand for the Company's services, the Canadian and international economic environments, the Company's ability to attract and retain customers and to manage its assets and operating costs, sources of funding for its clients, particularly for junior mining companies, competitive pressures, currency movements, which can affect the Company's revenue in Canadian dollars, the geographic distribution of the Company's operations, the impact of operational changes, changes in jurisdictions in which the Company operates (including changes in regulation), failure by counterparties to fulfill contractual obligations, and other factors as may be set forth, as well as objectives or goals, and including words to the effect that the Company or management expects a stated condition to exist or occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements by reason of factors such as, but not limited to, the factors set out in the discussion on pages 15 to 18 of the
2014 Annual Report entitled "General Risks and Uncertainties", and such other documents as available on SEDAR at www.sedar.com. All such factors should be considered carefully when making decisions with respect to the Company. The Company does not undertake to update any forward-looking statements, including those statements that are incorporated by reference herein, whether written or oral, that may be made from time to time by or on its behalf, except in accordance with applicable securities laws.
Based in Moncton, New Brunswick, Major Drilling Group International Inc. is one of the world's largest metals and minerals contract drilling services companies. To support its customers' mining operations, mineral exploration and environmental activities, Major Drilling maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, and Africa.

CONFERENCE CALL

Major Drilling will conduct a webcast and conference call to discuss information included in this news release and related matters on Wednesday, June 17, 2015 at 9:00 am (EDT). To access the webcast please go to the investors/webcast section of Major Drilling's website at www.majordrilling.com and click on the link. Please note that this is listen only mode.
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To participate in the conference call, please dial 416-340-2216 and ask for "Major Drilling President and CEO Francis McGuire to retire" conference call. To ensure your participation, please call in approximately five minutes prior to the scheduled start of the call.
For those unable to participate, a taped rebroadcast will be available approximately one hour after the completion of the call until midnight, Wednesday, July 1, 2015. To access the rebroadcast, dial 905-694-9451 and enter the passcode 8400538. The webcast will also be archived for one year and can be accessed on the Major Drilling website at www.majordrilling.com.
-- 30 --

For further information:

Denis Larocque, Chief Financial Officer

Tel: (506) 857-8636
Fax: (506) 857-9211
[email protected]
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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Major Drilling Group International Inc.

CODE : MDI.TO
ISIN : CA5609091031
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Major Drilling est une société basée au Canada.

Major Drilling est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 795,0 millions CA$ (581,7 millions US$, 543,7 millions €).

La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2002 à 0,26 CA$, et son plus haut niveau récent le 20 février 2004 à 9,99 CA$.

Major Drilling possède 80 140 000 actions en circulation.

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Rapports Financiers de Major Drilling Group International Inc.
04/12/2014Announces Second Quarter Results
05/06/2014Announces Annual and Fourth Quarter Results for Fiscal 2014
05/06/2013Announces Annual and Fourth Quarter Results for Fiscal 2013
07/06/2011Reports Fourth Quarter Results
Communiqués de Presse de Major Drilling Group International Inc.
07/06/2016Press Releases
26/11/2015Major Drilling to Release Second Quarter Results
02/11/2015Major Drilling Announces New Officers
14/09/2015MAJOR DRILLING ANNOUNCES ELECTION OF DIRECTORS
10/09/2015Major Drilling Reports First Quarter Results and Declares Di...
28/08/2015Major Drilling International Inc. Frist Quarter Results
28/08/2015Major Drilling to Release First Quarter Results
16/06/2015Major Drilling President & CE0 Francis McGuire to Retire
16/06/2015Major Drilling President & CEO Francis McGuire to Retire; Bo...
23/04/2015S&P Dow Jones Indices Announces Changes to the S&P/TSX Canad...
03/03/2015CANADA STOCKS-Futures point to lower start for TSX after GDP...
03/03/2015CANADA STOCKS-TSX set to open higher as Brent rebounds
02/03/2015Major Drilling Announces Third Quarter Results and Declares ...
26/02/2015Major Drilling International Inc. Third Quarter Results Webc...
04/12/2014Major Drilling Announces Second Quarter Results
01/12/2014Major Drilling Group International Inc. Second Quarter Webca...
01/12/2014Major Drilling Group International Inc. - Second Quarter Fis...
08/09/2014Major Drilling announces election of directors
03/09/2014Reports First Quarter Results and Declares Dividend
03/09/2014Major Drilling Reports First Quarter Results and Declares Di...
28/08/2014Major Drilling Group International Inc. - First Quarter Resu...
26/08/2014Major Drilling Exceeds 12 Months and Six Million Hours Lost ...
01/08/2014Completes The Acquisition of Taurus Drilling
01/08/2014Major Drilling Completes The Acquisition of Taurus Drilling
21/07/2014Major Drilling Announces Agreement To Purchase The Business ...
05/06/2014Major Drilling Announces Annual and Fourth Quarter Results f...
06/09/2011Earnings Increase with Strong Revenue Growth and Higher ...
24/03/2011Announces Purchase of Mozambique Operation
09/03/2011Announces Shareholder Approval For 3:1 Stock Split
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