Strad Announces Changes to the Board of Directors

December 5, 2018

CALGARY, Dec. 5, 2018 /CNW/ - Strad Energy Services Ltd. ("Strad" or the "Company") (TSX:SDY) is pleased to announce that Mr. Mick McNulty has been appointed to  Chairman of the Board of Directors replacing the retiring Mr. Rob Grandfield. Mr. Grandfield was one of the founders of Strad in 2003 and served on Strad's Board of Directors for the past 15 years. He was Chairman of the Board since 2015 and will be retiring effective December 31, 2018.

"The Board of Directors would like to thank Rob for his dedication to the Company and for his leadership during some of the most challenging periods seen in the oil patch," said Andy Pernal, CEO and President of Strad. "Rob's broad ranging knowledge of the energy services business and his personal dedication has clearly lead to the strong position Strad finds itself in today."

Strad also announces the appointment of Kristi Cawthorn to the Company's Board of Directors.

Ms. Cawthorn is the Chief Executive Officer of Startec Compression & Process, a Calgary based manufacturer of compression, processing and refrigeration systems; she also serves on the company's Board of Directors and has completed the Institute of Corporate Directors program. Since 2002, Ms. Cawthorn has been a senior leader with Startec and has been committed to its growth and success; in 2016 Ms. Cawthorn was recognized as the EY Entrepreneur of the Year in Manufacturing. Prior to joining Startec, Ms. Cawthorn spent the early part of her career in public practice and the energy industry as a CPA, with a Chartered Accountant designation.

"Ms. Cawthorn brings an extensive amount of experience in the finance, manufacturing and industrial services sector and will significantly contribute to helping Strad further develop and execute the Company's strategic plan in the coming years," said Mick McNulty, Chairman of Strad.

Strad specializes in industrial matting and equipment rentals for projects of any size, from a network of branches across Canada and the United States. Strad aims to exceed customer expectations in many industrial sectors, including Oil & Gas, Pipeline, Power Transmission, and Mining.   

Strad is headquartered in Calgary, Alberta, Canada.  Strad is listed on the Toronto Stock Exchange under the trading symbol "SDY".