TORR Canada Appoints New General Manager for European & Middle-Eastern Operations
Published January 24th, 2008
TORR Canada Inc. (”TCI” or the “Company”), dedicated to providing process solutions to the Oil and Gas industry, today announced the appointment of Mr. Petter Hovland, P.Eng. as President of ProPure AS and General Manager of this new business unit that will combine European and Middle-Eastern markets, formerly ProPure AS Norway and TORR Middle-East operations. Mr. Hovland will assume his duties starting at the end of April 2008. The Company also announced today that as part of its cost reduction plan, it has closed its office in Stavanger (Norway), concentrating all European activities as well as all global research and development operations in its Bergen (Norway) office.
“This new organizational structure will enable us to capitalize on our unique technical expertise while we leverage existing relationships with major Oil and Gas producers,” said Jacques L. Drouin, President and CEO of TORR Canada. “Petter is the perfect candidate to oversee this new business unit. His extensive experience and knowledge of the Oil and Gas industry will be of great value to TCI as we work to increase sales, critical mass and profitability. Petter brings extensive experience in managing sales and sales organizations as well as mastering execution and delivery of projects.”
Mr. Hovland holds an engineering degree and has worked in the Oil and Gas industry for over 15 years. He has held various senior positions from sales and marketing, project management and general manager for Bennex Valves & Automation, a Norwegian based supplier of products and services to the Subsea Oil and Gas industry. Most recently, Mr. Hovland was Global Sales and Marketing Director for Bennex’s Sub-Sea Oil and Gas equipment division.
About TORR Canada Inc.
TCI is dedicated to providing process solutions to the Oil and Gas industry. TCI designs, develops, manufactures and commercializes technologies to separate oil, water and gas generated by Oil and Gas production. TCI recently acquired Pure Group AS of Norway. For more information, please visit www.torrcanada.com.
Caution concerning forward-looking statements
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This press release contains forward-looking statements. Such statements inherently involve numerous risks and uncertainties. Actual future results may differ from the anticipated results expressed in the forward-looking statements contained in this press release and TCI does not undertake to update this information. Investors are cautioned against placing undue importance on forward-looking information contained herein and should consult the final short form prospectus and the documents incorporated by reference therein, which contain a more exhaustive analysis of risks and uncertainties connected to TCI’s business.
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