Bri-Chem Announces New CEO Leadership
Rhea-AI Summary
Bri-Chem (OTC:BRYFF) announced a leadership and governance change effective November 10, 2025. The Board appointed Barry Hugghins as Chief Executive Officer and President, while he continues as Executive Chairman.
Mr. Hugghins will receive a nominal salary of $1 per annum as CEO and President. The Company also eliminated cash retainers for its Board; directors will be compensated exclusively with equity-based incentives going forward. Management says these moves align leadership pay with long-term shareholder value and reinforce focus on operational execution and financial performance.
Positive
- CEO appointment effective Nov 10, 2025
- CEO remuneration set to a nominal $1 per year
- Board cash retainers eliminated in favor of equity incentives
Negative
- Board will no longer receive cash retainers, changing director cash compensation
News Market Reaction – BRYFF
In the Dec 2 session, BRYFF gained 3.94%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Edmonton, Alberta--(Newsfile Corp. - November 14, 2025) - Bri-Chem Corp. (TSX: BRY) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is very pleased to announce several updates regarding its new CEO leadership and governance initiatives.
Effective November 10, 2025, the Board of Directors appointed Mr. Barry Hugghins as Chief Executive Officer and President of the Company and he will also continue to serve as Executive Chairman of the Board. In alignment with Bri-Chem's disciplined approach to governance and to driving shareholder value, Mr. Hugghins has decided, with the Board's concurrence, to only receive a nominal salary of one dollar (
In conjunction with this CEO leadership change, the Company has also eliminated cash retainers for its Board of Directors. Going forward, directors will receive compensation exclusively through equity-based incentives, further reinforcing the Board's commitment to long-term shareholder value creation. Mr. Hugghins further states: "The Board and management team are totally united in strengthening Bri-Chem's operational execution, governance, and financial performance and this change reflects our shared belief that leadership and ownership must go hand-in-hand."
About Bri-Chem
Bri-Chem has established itself, through a combination of strategic acquisitions and organic growth, as the North American industry leader for wholesale distribution and blending of oilfield drilling, completion, stimulation and production chemical fluids. We sell, blend, package and distribute a full range of drilling fluid products from 23 strategically located warehouses throughout Canada and the United States. Additional information about Bri-Chem is available at www.sedarplus.ca or at Bri-Chem's website at www.brichem.com.
To receive Bri-Chem news updates send your email to ir@brichem.com.
For further information, please contact:
Tony Pagnucco CPA, CA
Bri-Chem Corp.
CFO
T: (780) 571-8587
E: tpagnucco@brichem.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274669