Civeo Corporation reports recurring developments tied to workforce accommodations and hospitality services for natural resource and infrastructure-related workforces in Australia and Canada. The company provides lodging, food service, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications, security and logistics at owned and customer-owned lodges, villages and accommodation facilities.
CVEO news commonly covers quarterly results, Australian village and integrated services activity, Canadian oil sands occupancy and margin trends, cost actions, capital allocation through share repurchases, revolving credit facility amendments and board or shareholder-governance matters. Updates also reference demand from oil, metallurgical coal, liquefied natural gas, iron ore and North American infrastructure markets.
Civeo (NYSE: CVEO) has appointed E. Collin Gerry as the new Senior Vice President, Chief Financial Officer (CFO), and Treasurer, effective August 1, 2024. This decision follows a comprehensive search process. Barclay Brewer, the interim CFO, will transition to Vice President, Chief Accounting Officer and will assist Mr. Gerry during the transition period.
Mr. Gerry has been with Civeo since May 2014, holding various executive roles, most recently as Senior Vice President of Canadian Operations. Before joining Civeo, he worked at Raymond James, focusing on energy markets and oilfield services. He earned a Bachelor of Business Administration from The University of Texas at Austin.
Civeo, a leader in hospitality services, operates 24 lodges and villages across Canada, Australia, and the U.S., with approximately 26,000 rooms.
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