CALGARY, July 12 /CNW/ - CE Franklin Ltd. (TSX.CFT, AMEX.CFK) is pleased
to announce the appointment of Mark Schweitzer to the position of Vice
President and Chief Financial Officer effective August 13, 2007.
Mark has held positions including Executive Vice President and Chief
Financial Officer, Executive Vice President Corporate Development and CFO, and
President and Chief Operating Officer in energy related businesses.
Mark is a Chartered Accountant and holds a Bachelor of Commerce Degree.
He brings over two decades of financial management and executive leadership
experience to the position.
"Mark's leadership and business experience will be valuable in helping CE
Franklin continue to achieve our strategic goals and growth in the coming
years," said Michael West, Chairman, President and CEO. "We are excited to
have Mark join the CE Franklin team."
About CE Franklin
For more than half a century, CE Franklin has been a leading supplier of
products and services to the energy industry. CE Franklin distributes pipe,
valves, flanges, fittings, production equipment, tubular products and other
general oilfield supplies to oil and gas producers in Canada. These products
are distributed through its 42 branches, which are situated in towns and
cities serving particular oil and gas fields of the western Canadian
sedimentary basin. In addition, the Company distributes pipe, valves, flanges
and fittings to the oilsands, refining, heavy oil and petrochemical industries
and non-oilfield related industries such as the forestry and mining
industries.
We serve our customers through an extensive network of branches, managed
customer warehouses and offsite inventory stocking locations. All are
connected by state-of-the-art technology that offers our customers an
efficient supply chain management system.
Shares of CE Franklin trade on the Toronto Stock Exchange under the
symbol "CFT" and on the American Stock Exchange under the symbol "CFK." Smith
International, Inc., the parent company of CE Franklin's North American
partner Wilson Supply, owns approximately 52% of the Company's outstanding
shares.
For further information: Investor Relations, (800) 345-2858, (403)
531-5604, investor@cefranklin.com
