Calfrac Well Services Ltd. announced that Fernando Aguilar, Calfrac's President and Chief Executive Officer, will be retiring from the Company. Ronald P. Mathison, one of Calfrac's founders and the Chairman of Calfrac's Board of Directors, has been appointed Executive Chairman. In this role, Mr. Mathison will take on additional responsibilities, and will continue to work closely with Calfrac's leadership team.

In light of this expanded role, Greg Fletcher has been appointed to serve as Calfrac's independent Lead Director. In addition, Lindsay Link, Calfrac's Chief Operating Officer, has been promoted to President and Chief Operating Officer, and was appointed to Calfrac's Board of Directors. Mr. Link has been with Calfrac since February of 2013 and, among other things, he has been instrumental in the growth of Calfrac's U.S. business.

Mr. Link has more than 30 years of experience in the North American and International oil and gas services industry.