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Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") today announced the appointment Paul E. Mahoney as the Company's President and Chief Executive Officer, effective September 29, 2025. Mr. Mahoney will also join Enerflex's Board of Directors at the same time. The appointment follows an extensive global search process, which included the evaluation of highly qualified internal and external candidates, and was aided with the support of a global executive search firm.
Kevin Reinhart, Chair of the Board, stated, "We are pleased to welcome Paul as Enerflex's new President and CEO. With over 30 years of experience across the industrial and energy sectors, Paul is a highly accomplished and seasoned executive. His broad industry experience, proven track record of developing and executing winning strategies, exemplary leadership capabilities, and fresh perspective make him the ideal candidate to drive the Company's ongoing focus on creating sustainable shareholder value".
Mr. Mahoney shares Enerflex's core values and will complement the Company's deep bench strength of senior leaders. Upon assuming the role, he will be working with the leadership team in advancing the Company's strategic priorities. Enerflex's near-term priorities remain: (1) enhancing the profitability of core operations; (2) leveraging the Company's leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to further strengthen Enerflex's financial position, provide direct shareholder returns, and invest in select customer supported growth opportunities.
Mr. Mahoney commented, "I'm looking forward to joining Enerflex at an exciting time for the Company. Enerflex is a recognized global leader and I believe the Company is well positioned to take advantage of growing global natural gas demand for years to come. I look forward to working with the Board, the senior leadership team and the talented employees to deliver on our goals for the benefit of our shareholders, client partners, employees, and communities."
"On behalf of the leadership team, we look forward to working with Paul," said Preet S. Dhindsa, interim Chief Executive Officer. "His complementary skillset and experience will bring fresh insight and energy to the team as we continue to build off our solid foundation".
Mr. Dhindsa, who served as interim Chief Executive Officer, will remain as Senior Vice President and CFO. Joe Ladouceur, who served as interim CFO, will remain as Vice President Treasury, Tax, and Insurance.
"On behalf of the Board and all stakeholders, I would like to thank Preet and Joe for their tremendous efforts and contributions as interim leaders while the Board undertook the CEO search. Their leadership, combined with the commitment of all employees, ensured Enerflex continues to deliver results and drive shareholder value during the period of transition," said Mr. Reinhart.
