- Peyto Exploration & Development Corp. (PEY) has announced that Darren Gee will retire as Chief Executive Officer of Peyto at the end of 2022
- The company’s current President and Chief Operating Officer, Jean-Paul Lachance, will become President and CEO at the time of Gee’s retirement
- Debra Gerlach will be joining Peyto’s Board of Directors on November 1, 2022
- Peyto Exploration & Development Corp. is a Canadian energy company involved in the development and production of natural gas in Alberta’s deep basin
- Peyto Exploration & Development Corp. opened trading at $11.92 per share
Peyto Exploration & Development (PEY) has announced that Darren Gee will retire as Chief Executive Officer of Peyto at the end of 2022.
The company’s current President and Chief Operating Officer, Jean-Paul Lachance, will become President and CEO at the time of Gee’s retirement.
Lachance, who joined Peyto in 2011 as the VP, Engineering and assumed the role of President in November of 2021, will continue to lead Peyto’s senior management team, which remains unchanged.
“I’m retiring after more than 21 years at Peyto and at a time when the company and its future looks extremely bright,” said Darren Gee.
“JP and the entire Peyto team are about to embark on the next chapter with an enormous depth of opportunities, a solid balance sheet and strong earnings growth potential. I suspect growing dividends will reflect those earnings,” he added.
“On behalf of the Peyto Board and the shareholders of Peyto, I’d like to thank Darren for his dedication and service to Peyto, who joined the Peyto team in 2001 and has been instrumental in growing our company from 2,000 boe/d to over 100,000 boe/d,” noted Chairman of the company, Don Gray.
“Darren has built the next generation of leaders at Peyto who understand what makes an exceptional Canadian energy company. We are very happy for him and his family to reach this milestone,” he added.
The involvement of Gee in Peyto will continue as a director on the board and a significant investor.
In addition, Debra Gerlach will be joining Peyto’s Board of Directors on November 1, 2022. She is a chartered professional accountant and was a partner with Deloitte LLP for over 21 years, where she gained significant exposure to the energy sector.
Peyto Exploration & Development Corp. is a Canadian energy company involved in the development and production of natural gas in Alberta’s deep basin.
Peyto Exploration & Development Corp. opened trading at $11.92 per share.
