Enerflex CEO resigns, CFO appointed interim CEO, company reaffirms 2025 outlook and approves stock repurchase.

From Nasdaq: 2025-03-19 22:34:19

Enerflex Ltd. announced the resignation of Marc Rossiter as President, CEO, and Director. Preet Dhindsa, current CFO, will serve as Interim CEO, while Joe Ladouceur will be Interim CFO. The board is searching for a new CEO. The company reaffirmed its 2025 outlook, with the majority of gross margin coming from Energy Infrastructure and After-Market Services. Capital expenditures for 2025 are estimated between $110 million and $130 million, with growth investments in the US and Middle East. Enerflex also approved a Normal Course Issuer Bid to repurchase up to 5% of public float over twelve months.



Read more at Nasdaq: Enerflex CEO Marc Rossiter Steps Down; Names Preet Dhindsa Interim CEO