Civeo Appoints E. Collin Gerry as Chief Financial Officer

Seasoned financial leader brings deep experience in energy, operations and investor engagement

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)-- Civeo Corporation (“Civeo” or the “Company”) (NYSE:CVEO) today announced the appointment of E. Collin Gerry as the Company’s new Senior Vice President, Chief Financial Officer (“CFO”) and Treasurer, effective August 1, 2024, following a comprehensive search process. Barclay Brewer, who served as interim CFO, will assume the role of Vice President, Chief Accounting Officer and will support Mr. Gerry during this transition.

Mr. Gerry has held several executive positions with Civeo since May 2014, including serving as Senior Vice President of Canadian Operations since May 2020, and Vice President of Corporate and Business Development from September 2016 to May 2020. Prior to joining Civeo, Mr. Gerry served as Senior Vice President within the equity research department of Raymond James, with a specific focus on energy markets and the oilfield services industry including Civeo’s prior parent Oil States International. Mr. Gerry holds a Bachelor of Business Administration degree from The University of Texas at Austin.

“I’m pleased to announce the promotion of Collin as we enter this next chapter of growth,” said Bradley J. Dodson, President and Chief Executive Officer of Civeo. “With Collin’s historical leadership experience across multiple functions in the organization including investor relations, corporate development, and most recently Canadian business development and operations, I am excited for him to assume the CFO role as we look to grow the company responsibly. I look forward to working with him to carefully evaluate growth opportunities to enhance our best-in-class hospitality offerings while returning capital to shareholders and maintaining our financial strength. I also want to thank Barclay for his leadership and partnership as our interim CFO for the past several months.”

About Civeo

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 24 lodges and villages in Canada, Australia and the U.S., with an aggregate of approximately 26,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo's website at www.civeo.com.

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Regan Nielsen

Civeo Corporation

Vice President, Corporate Development & Investor Relations

713-510-2400

Source: Civeo Corporation