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CALGARY, Alberta, March 19, 2023 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) (“Enerflex” or the “Firm”) at present introduced that Sanjay Bishnoi, Senior Vice President and Chief Monetary Officer, will relinquish his place efficient April 10, 2023, to pursue one other alternative. Matthew Lemieux, Enerflex’s Vice President, Company Improvement and Treasury, shall be appointed as Interim Chief Monetary Officer following Mr. Bishnoi’s departure.

“Over three and a half years in the past, we introduced Sanjay aboard anticipating that his disciplined method to investing would facilitate accretive progress in our recurring Vitality Infrastructure enterprise. After efficiently managing our monetary place by means of the COVID-19 pandemic, he was instrumental in main us in our transformational acquisition of Exterran. Sanjay’s monetary and enterprise management have made us a better, extra resilient, and extra worthwhile group,” said Marc Rossiter, Enerflex’s President and Chief Government Officer. “I want to thank Sanjay for his contributions and need him effectively in his subsequent endeavour.”

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“I’m grateful for the privilege of main Enerflex’s Finance staff over the past a number of years. Our accomplishments, together with increasing our attain throughout new markets, creating revolutionary services and products, and instituting disciplined funding frameworks, are a real testomony to the dedication and onerous work of everybody concerned,” mentioned Mr. Bishnoi. “I want to specific my honest because of our proficient staff, Marc and the Government Administration Group, and our Board of Administrators for his or her unwavering help and belief all through my tenure. The Firm has a really stable monetary plan to deleverage, and I count on it is going to ship more and more sturdy outcomes as a mixed firm.”

Mr. Rossiter additional said, “We’re happy to nominate Matthew Lemieux to Interim Chief Monetary Officer. Matt brings a deep data of Enerflex’s monetary attributes, operations, and business, which can additional improve our deal with rising shareholder worth by means of disciplined capital allocation practices.”

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Mr. Lemieux has been with Enerflex as Vice President, Company Improvement and Treasury since early 2020, the place he has targeted on money administration and accretive investing on a worldwide scale, together with deep involvement within the Exterran acquisition. Earlier than becoming a member of Enerflex, Mr. Lemieux led over US$3 billion of fairness and mezzanine transactions for GE Vitality Monetary Companies and was beforehand answerable for debt underwriting and syndication for Merrill Lynch Capital and Wachovia Financial institution. Mr. Lemieux holds MBA and BA levels from NYU Stern and Dickinson Faculty, respectively.

Enerflex plans to announce the appointment of a everlasting Chief Monetary Officer within the close to future.

ABOUT ENERFLEX

Remodeling Vitality for a Sustainable Future. Enerflex is a premier built-in world supplier of vitality infrastructure and vitality transition options, delivering pure fuel processing, compression, energy era, refrigeration, cryogenic, and produced water options.

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Headquartered in Calgary, Alberta, Canada, Enerflex, its subsidiaries, pursuits in associates, and joint ventures, function in over 90 areas in: Canada, the US, Argentina, Bolivia, Brazil, Colombia, Ecuador, Mexico, Peru, the UK, the Netherlands, the United Arab Emirates, Bahrain, Oman, Egypt, Kuwait, India, Iraq, Nigeria, Pakistan, Saudi Arabia, Australia, China, Indonesia, Malaysia, Singapore, and Thailand.

Enerflex’s widespread shares commerce on the Toronto Inventory Trade below the image “EFX” and on the New York Inventory Trade below the image “EFXT”. For extra details about Enerflex, go to www.enerflex.com.

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