Calfrac Well Services Ltd. announced the appointment of Pat Powell as Chief Executive Officer of the Company effective June 3, 2022. Mr. Powell takes over executive leadership of the Company from George Armoyan who had been serving as Interim Chief Executive Officer since December 17, 2021 and who will continue as an active director of the Company. Mr. Powell, who was elected as a director of Calfrac on May 3, 2022, has over 40 years of operational and executive experience in the Canadian oilfield service industry, including prior roles as Chairman of the Board and President of Producers Oilfield Inc., Co-Chief Executive Officer and a director of Mullen Transportation Inc., and Chairman and Chief Executive Officer of Bonnett's Energy Corporation.

Mr. Powell has also served as a director of a number of other private and public-companies, including Canyon Technical Services Ltd. and Clarke Inc.