Badger Daylighting Ltd. Announces President/CEO Plans to Retire and to Hold Post Earnings Conference Call
Calgary, Alberta – Badger Daylighting Ltd. (“Badger”) announces that Tor Wilson, Badger’s President and CEO, has decided to retire when a suitable successor has been identified and is in place. Mr. Wilson joined Badger in 2000 and since then has worked to develop Badger and grow its business. Glen Roane, Chairman of the Board of Badger, said, “Badger has enjoyed 16 years of Tor’s leadership and the Board greatly appreciates all he has done for Badger during that time. The Board will form a search committee and, with a recruiting firm, will conduct a comprehensive search of internal and external candidates for Mr. Wilson’s replacement.” Mr. Wilson said, ”Now that Badger has successfully navigated through the downturn in the oil and natural gas market segment by further diversifying its customer base and has a fully staffed corporate organization, it is a good time to transition to a new CEO with fresh energy and perspective to lead Badger during the next growth phase. I continue to see a great future and lots of opportunity for Badger. It has been very satisfying working with many great people at Badger but I would like a break from the time commitments required to be CEO.”
Badger will hold a conference call to discuss the 2015 year-end results on Friday, March 18 at 9:00 a.m. Mountain Standard Time. Results will be released before the market opens that same morning.
The dial-in number is 1-888-886-7786.
The re-play number for those who cannot make the initial call is 1-877-674-6060. The re-play pass code is 523858# and it expires on Friday, March 25,2016 at 9:59 MST.
Badger expects that the dividends will be “eligible dividends” for income tax purposes and thus qualify for the enhanced gross-up and tax credit regime for certain shareholders.
Badger is North America’s largest provider of non-destructive excavating services. Badger traditionally works for contractors and facility owners in the utility and petroleum industries. Our key technology is the Badger Hydrovac, which is used primarily for safe digging in congested grounds and challenging conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. Badger manufactures its truck-mounted hydrovac units.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
For more information regarding this Press Release, please contact:
President and CEO
1000, 635 – 8th Avenue SW
Calgary, Alberta T2P 3M3
Vice President Finance and CFO
Phone (403) 264-8500
Fax (403) 228-9773