Mark Bentsen, president and CEO of Cathedral Energy Services Ltd. (TO: CET), has left the company to pursue other interests, Cathedral said in a press release on Oct. 10.
Bentsen will also be leaving Cathedral's board of directors. Until a replacement is secured, the following interim appointments have been made:
Pustanyk was a co-founder of Cathedral and has served as vice president of operations since Cathedral's inception. MacFarlane has held the position of chief financial officer since April 2001. The board of directors has formed a special committee to guide the selection process for the best candidate to lead the company on a permanent basis.
"Mark has made a significant contribution in the evolution of the company from its initial stage as a startup directional drilling enterprise through to its current form as a North American based energy services company with a customer focused strategy designed to reduce our customers finding and development costs through research, development and commercialization of industry leading proprietary directional drilling tools, mud motors, and production testing equipment. We wish Mark all the best in the pursuit of his future endeavors," Rod Maxwell, Cathedral's chairman, said in the release.
"Cathedral has an excellent team of executives in place on a company wide basis, and the Board is confident that we have the key people necessary to advance our strategy and guide our directional drilling and production testing businesses successfully forward," Maxwell said.
Cathedral Energy Services Ltd. provides various oilfield services to oil and natural gas exploration and development companies in Canada, the U.S., and internationally. The company is headquartered in Calgary.