Cadent controlled Logan names David MacNeill new CEO

May 09
23:01 2014

Logan International Inc. (TSX: LII), a portfolio company of Cadent Energy Partners, has appointed David MacNeill, the current Chief Operating Officer, as its new President & CEO, replacing Gerald Hage who is retiring as Logan’s President & CEO effective June 16, 2014.

“We are grateful to Mr. Hage for his commitment and his contribution to the Company’s success as well as for his continued involvement. We are pleased to announce Mr. MacNeill’s promotion to President and Chief Executive Officer, which completes an orderly transition of the Company’s leadership. The board has complete confidence that Mr. MacNeill is ideally suited to be our next CEO. David brings extensive management and international oil and gas industry experience to Logan. Prior to joining Logan, Mr. MacNeill was President and Chief Operating Officer of DoubleBarrel Downhole Technologies leading that company to commercialization of its products. Previously, Mr. MacNeill held several positions with National Oilwell Varco, including Vice President of Eastern Hemisphere Operations, where he was responsible for managing drilling and fishing tools, among other products. After growing up and being educated in Eastern Canada, David began his career with Schlumberger in wireline services in Alberta and is well-versed in Canadian operations. He subsequently moved to international postings with Schlumberger, where he was focused primarily on drilling engineering in the West African, Eastern European and Far East markets. We believe his experience in overseas oil and gas management and operations will accelerate growth in Logan’s international business,” said Paul McDermott, Managing Partner of Cadent Energy Partners and Chairman of Logan.

Hage has served as President & CEO since December 2012. Hage previously served as Logan’s Chairman from May 2011 to December 2012 and as CEO from March 2010 to May 2011.

Cadent Energy Partners controls 52.7% of Logan outstanding shares.

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