Welcome to our dedicated page for Enerflex Ltd. news (Ticker: EFXT), a resource for investors and traders seeking the latest updates and insights on Enerflex Ltd. stock.
Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) is a global leader in the design, engineering, manufacturing, and aftermarket support of equipment and systems for natural gas processing and transportation. With a dedicated focus on gas compression, Enerflex offers a diverse range of applications from low-horsepower solutions to high-horsepower, centralized field compression systems. The company's operations are segmented into three main regions: North America, Latin America, and the Eastern Hemisphere, each offering Engineered Systems, After-market Service, and Energy Infrastructure products.
Enerflex's North America segment generates the majority of the company's revenue, underscoring its significant market presence in that region. Among its recent achievements, Enerflex has demonstrated robust financial performance, showcasing positive movements in working capital and a strategic focus on managing global operations efficiently. The company's financial health is reflected in its ability to handle significant cash collections and manage inventory effectively.
Enerflex is also a forward-thinking company, actively participating in the engineering, procurement, and construction (EPC) projects that drive the energy industry forward. This includes turnkey facilities that move natural gas from the wellhead to the pipeline, ensuring efficient and reliable energy transportation.
In recent developments, Enerflex announced the resignation of its Senior Vice President and Chief Financial Officer, Rodney D. Gray, and has initiated a search for a new CFO. This transition marks a new chapter for the company as it continues to strengthen its leadership team. Additionally, the company recently held its Annual Meeting of Shareholders, where all 10 nominee directors were elected, reflecting strong shareholder support and confidence in Enerflex's strategic direction.
For more details and the latest updates, investors and media can contact:
Marc Rossiter, President and CEO, via email at MRossiter@enerflex.com
Jeff Fetterly, VP, Corporate Development and Investor Relations, via email at JFetterly@enerflex.com
Enerflex Ltd. (TSX:EFX, NYSE:EFXT) announced that Sanjay Bishnoi, CFO, will leave the company effective April 10, 2023, to pursue another opportunity. Matthew Lemieux, Vice President, Corporate Development and Treasury, will serve as Interim CFO after Bishnoi's departure. Marc Rossiter, CEO, praised Bishnoi for his leadership during his tenure, especially during the COVID-19 pandemic and the acquisition of Exterran. Lemieux's extensive background includes managing substantial investments and cash management. Enerflex intends to appoint a permanent CFO soon.
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