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Foraco International Announces Leadership Succession
Foraco International Announces Leadership Succession Canada NewsWire TORONT...
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[{"type":"text","content":"\n \n \n \n Foraco International Announces Leadership Succession\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n and\n \n MARSEILLE, France\n \n \n ,\n \n \n March 3, 2023\n \n \n /CNW/ -\n \n Foraco International SA\n \n (TSX: FAR)\n \n (the \"Company\" or \"Foraco\"), a leading global provider of mineral and water drilling services, announces today the planned retirement of Chairman and co-CEO\n \n Daniel Simoncini\n \n and co-CEO and CFO Jean-Pierre Charmensat from their executive management positions effective as of\n \n July 1, 2023\n \n . Mr. Simoncini and Mr. Charmensat will continue to serve on the Board of Directors and support an orderly transition, and will undertake special projects on behalf of the Board.\n \n \n \n \n Foraco's Board has unanimously approved the following executive appointments, effective\n \n July 1, 2023\n \n :\n \n \n \n \n \n \n Tim Bremner\n \n , currently SVP,\n \n North America\n \n as CEO\n \n \n \n \n Fabien Seveste, currently Deputy CFO, as CFO\n \n \n \n \n \n Olivier Demesy\n \n , currently SVP Brazil, as SVP,\n \n Latin America\n \n ,\n \n Europe\n \n and\n \n Africa\n \n \n \n \n \n \"On behalf of the Board of Directors,\" said\n \n Warren Holmes\n \n , Lead Independent Director, \"I would like to warmly thank Daniel and Jean-Pierre for their outstanding leadership over the past 26 years to make Foraco one of the industry leaders in our field, and in particular helping the Company navigate through the past crisis and reach a point today where we have a solid foundation to continue to prosper. To implement a new phase of our strategic journey, we are excited to promote key employees of the Foraco family. These changes position Foraco with highly energized leaders with an extensive knowledge of the Company and the perfect blend of qualities and expertise for their respective new positions.\"\n \n \n Mr. Bremner, incoming Chief Executive Officer, is currently Senior Vice President,\n \n North America\n \n . Tim, who has a BSc in Mining Engineering, joined Foraco in ...