Bri-Chem Announces New CEO Leadership
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.
Bri-Chem (OTC:BRYFF) ha annunciato un cambio di leadership e di governance efficace dal 10 novembre 2025. Il Consiglio ha nominato Barry Hugghins come Amministratore Delegato e Presidente, pur rimanendo anche Chairman esecutivo.
Il signor Hugghins riceverà un salario nominale di 1 dollaro all'anno come CEO e Presidente. L'azienda ha inoltre eliminato i compensi in contanti per il consiglio; i tre direttori saranno compensati esclusivamente con incentivi basati su azioni in futuro. La direzione afferma che queste mosse allineano la retribuzione della dirigenza al valore per gli azionisti a lungo termine e rafforzano l'attenzione all'esecuzione operativa e alle prestazioni finanziarie.
Bri-Chem (OTC:BRYFF) anunció un cambio de liderazgo y gobernanza vigente a partir del 10 de noviembre de 2025. La Junta designó a Barry Hugghins como Director Ejecutivo y Presidente, mientras continúa como Presidente Ejecutivo.
El Sr. Hugghins cobrará un salario nominal de 1 dólar por año como CEO y Presidente. La Compañía también eliminó los ingresos en efectivo para su Junta; los directores serán compensados exclusivamente con incentivos basados en acciones en adelante. La dirección afirma que estos movimientos alinean la remuneración de la alta dirección con el valor a largo plazo para los accionistas y refuerzan el enfoque en la ejecución operativa y el rendimiento financiero.
Bri-Chem (OTC:BRYFF)는 2025년 11월 10일부로 리더십 및 거버넌스 변경을 발표했다. 이사회는 Barry Hugghins를 CEO 겸 사장으로 임명했으며, 그는 계속해서 실행 의장을 겸한다.
해당 인물은 CEO 및 사장으로 연간 1달러의 명목 급여를 받게 된다. 회사는 또한 이사회에 대한 현금 유지지급 금지를 단행했다; 이사들은 앞으로 주식 기반 인센티브로만 보상될 것이다. 경영진은 이러한 조치가 지도부 보상을 주주가치의 장기성과와 맞추고 운영 실행 및 재무 실적에 대한 집중을 강화한다고 말한다.
Bri-Chem (OTC:BRYFF) a annoncé un changement de direction et de gouvernance effectif au 10 novembre 2025. Le conseil a nommé Barry Hugghins en tant que PDG et Président, tout en restant Chairman exécutif.
M. Hugghins percevra un salaire nominal de 1 dollar par an en tant que PDG et Président. La société a également supprimé les rémunérations en espèces pour son conseil; les administrateurs seront désormais compensés exclusivement par des incitations basées sur les actions. La direction affirme que ces mesures alignent la rémunération de la direction sur la valeur à long terme pour les actionnaires et renforcent l'accent sur l'exécution opérationnelle et la performance financière.
Bri-Chem (OTC:BRYFF) hat eine Führungs- und Governance-Änderung angekündigt, die ab dem 11. November 2025 wirksam wird. Der Vorstand hat Barry Hugghins zum Chief Executive Officer und Präsidenten ernannt, während er weiterhin als Executive Chairman fungiert.
Herr Hugghins wird als CEO und Präsident ein nominales Jahresgehalt von 1 USD erhalten. Das Unternehmen hat außerdem bar-Gehälter für den Vorstand gestrichen; Direktoren werden zukünftig ausschließlich mit aktienbasierten Anreizen belohnt. Die Geschäftsführung sagt, diese Schritte würden die Vergütung der Führungskräfte mit dem langfristigen Wert für die Aktionäre in Einklang bringen und den Fokus auf operative Umsetzung und finanzielle Leistung stärken.
Bri-Chem (OTC:BRYFF) أعلنت عن changer في القيادة والحوكمة سَينفذ اعتباراً من 10 نوفمبر 2025. عين المجلس باري هوجغينز كمدير تنفيذي ورئيس مجلس الإدارة، مع بقائه كرئيس تنفيذي.
سيحصل السيد هوجغينز على راتب اسمِي قدره دولار واحد سنوياً كمدير تنفيذي ورئيس. كما ألغت الشركة المكافآت النقدية للمجلس؛ سيُكافأ الأعضاء حصرياً بـ حوافز تعتمد على الأسهم في المستقبل. تقول الإدارة إن هذه الخطوات ستُوازن تعويض القيادة مع قيمة المساهمين على المدى الطويل وتُعزز التركيز على التنفيذ التشغيلي والأداء المالي.
- CEO appointment effective Nov 10, 2025
- CEO remuneration set to a nominal $1 per year
- Board cash retainers eliminated in favor of equity incentives
- Board will no longer receive cash retainers, changing director cash compensation
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
FAQ
Who is the new CEO of Bri-Chem (BRYFF) and when did the change take effect?
What salary will Bri-Chem CEO Barry Hugghins receive in 2025?
How will Bri-Chem (BRYFF) compensate its board after November 2025?
Does Barry Hugghins remain on Bri-Chem's board after becoming CEO (BRYFF)?
What rationale did Bri-Chem give for the CEO and board pay changes (BRYFF)?
