CALGARY, Jan. 11, 2016 /CNW/ - Gemini Corporation
(GKX-TSXV) announces that Mr. Doug
Lautermilch, President and CEO, has informed the company of
his intent to retire in the second quarter of 2016 after completing
6.5 years with the company. Gemini has initiated a formal
process to identify a new President and CEO. Mr. Lautermilch
will remain in his current role until his replacement has been
selected and will remain as an advisor to the company as long as
required to ensure a successful transition.
"On behalf of the Board and employees at Gemini, I would like to
thank Doug for his strong work ethic, integrity and leadership
during his tenure as President and CEO." said Kevin Beingessner, Gemini's Chairman of the
Board. "Doug was instrumental in implementing Gemini's
Design-Build business model which is backed by strong customer
alliances and has positioned us well for success in this
challenging market."
About Gemini Corporation
Gemini Corporation is a
professional services firm that designs, builds and maintains
energy and industrial facilities. We provide regulatory,
environmental, engineering, fabrication, installation and
maintenance solutions for clients through stand-alone or integrated
service delivery models. Our design-build capabilities
differentiate Gemini and provide tremendous value-added benefits
for clients, such as cost certainty, schedule compression and one
point of accountability. The Corporation's principal target markets
are midstream oil and gas, oil and gas production, in-situ heavy
oil, and oil and gas processing across western Canada.
Shares of Gemini trade on the TSX Venture Exchange under the
symbol GKX. For more information about the Corporation and its
services, go to www.geminicorp.ca.
Disclaimer
This news release may contain
forward looking information that represents Gemini's internal
projections, expectations, estimates or beliefs
concerning, among other things, future operating results and
various components thereof or Gemini's future economic performance.
All statements other than the statements of historical fact may be
forward-looking statements. In some cases, forward-looking
statements can be identified by terminology such as "may", "will",
"should", "expects", "projects", "plans", "anticipates", and
similar expressions. The projections, estimates and beliefs
contained in such forward-looking statements are based on
management's assumptions relating to Gemini's performance and
competition within the sectors in which it competes, the
continuation of the current regulatory and tax regimes in the
jurisdictions in which Gemini operates, and necessarily involve
known and unknown risks and uncertainties, including risks and
assumptions relating to client service demand, field service
costs, labour rates, and other factors that may cause
actual performance and financial results in future periods to
differ materially from any projections of future performance or
results expressed or implied by such forward-looking statements.
Accordingly, readers are cautioned that events or circumstances
could cause results to differ materially from those predicted or
suggested. The Corporation does not undertake to update any
forward-looking information in this document whether as to new
information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release.
SOURCE Gemini Corporation