DividendSubsequent to the end of the quarter, Enerflex declared a quarterly dividend of $0.02 per share, payable on October 1, 2020, to shareholders of record on August 20, 2020. Enerflex’s Board of Directors will continue to evaluate dividend payments on a quarterly basis, based on the availability of cash flow and anticipated market conditions.
New Director AppointmentThe Board is pleased to appoint Fernando Assing as a director of Enerflex effective August 6, 2020, as part of its ongoing succession planning to ensure orderly transition as certain directors approach term limits in the next few years. Mr. Assing brings 29 years of experience in the EPC and oilfield service industries, including senior management roles in marketing, business development, commercial, and project and operations management. He is President and Chief Executive Officer of Centurion Group Limited, the global rental and infrastructure platform of SCF Partners. He has extensive international experience in the energy industry, including operations in the United States, Canada, Latin America, the Middle East, Africa, Southeast Asia, Australia, and Europe. Prior to joining Centurion, Mr. Assing was President and Chief Executive Officer of Tesco Corporation until its sale to Nabors Industries, and prior thereto he served in multiple global and regional positions with Schlumberger and Technip. Mr. Assing serves on the Centurion board and previously served on the Tesco board. He is a civil engineer by background.
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