CALGARY,
March 11, 2016 /CNW/ - Gemini
Corporation (GKX–TSXV) is pleased to announce the appointment of
Mr. Peter Sametz as President and
CEO commencing March 12, 2016.
Mr. Sametz has been an Independent Director of Gemini's Board since
November, 2013 and a member of both the Audit and Human
Resources/Governance Committees.
Mr. Doug
Lautermilch, current President & CEO, will retire as
planned on March 11, 2016 and has
agreed to support Mr. Sametz, as needed, through the transition
period on a contract basis.
Mr. Sametz is a professional engineer and holds
the Institute of Corporate Directors designation, ICD.D. He has
over thirty years of increasing responsibility in a number of
organizations within the energy industry and has held a variety of
senior management positions over the past 20 years. His recent
experience includes leadership roles at a mid-size oil and gas
production company with refining assets where, during his 8 year
tenure, he undertook the positions of COO, President and finally,
Interim CEO during the sale of the company. His knowledge of the
industry from both an engineering and field service perspective
aligns well with the organization's strategic growth
plans.
"Pete is recognized in the industry as a team
oriented leader with great communication skills." said Kevin Beingessner, Gemini's Chairman of the
Board. "His reputation and experience will provide the foundation
for enhanced profitability and growth in this challenging
market."
Mr. Beingessner further stated. "On behalf of the
Board of Directors, I would like to thank Doug for his integrity
and strong work ethic through his years of leadership at
Gemini. We wish him well in his retirement and appreciate his
commitment to help Gemini transition to a new CEO."
Mr. Sametz will become a non-independent Director
of Gemini and the Board will commence a search for a new
Independent Director.
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