The oil and gas and environmental services company, New West Energy Services Inc. (NWE), announced today the appointment of an executive chairman and lead director. Mr. Erinn B. Broshko has been announced the new Director and Executive Chairman of the company and the current chairman William A. Rand, has been appointed as the Lead Director. Previously, Mr. Broshko was the CEO and then executive Chairman with a biotechnology firm and a prominent Vancouver-based law firm.
Recovery in Oil and Gas Sector to Bode Well for NWE
President and Chief Executive Officer of NWE, Gerry E. Kerkhoff commented that Broshko brings with him New West 18 years of corporate finance, transactions experience, and public markets. As the oil and gas sector is expected to recover soon and results from New West are also improving, Broshko will be a valuable member for the team as they step out to complete transactions which have significant shareholder value and strategic importance as well. Mr. Broshko responded by saying that he was honored to join Gerry and the rest of the New West team at this critical period.
Increased Service Capacity to Boost Growth Potential of New West Energy Service
The company had recently bought equipment worth $4.8 mn in March and has helped New West secure many additional works in the production sector as well as the completion sector. Additional utilization of equipment is expected from them. The increased service capacity of New West will help Broshko’s leadership in executing transformational transactions expected to boost the growth potential of the company.