Kalgary, Alberta, October 6, 2025 (Globe Newswire) – Board of Directors ( Board) the corporation of the exact boil (Accuracy) announced today that, in the framework of his long-standing continuity plan, Mr. Carey Ford was appointed president and chief executive director and member of the board of directors. He replaced Kevin Neva, who resigned after he held the position of president and chief executive director and as a member of the board of directors since 2007.
M -N Ford joined Precision in 2011 and worked as a financial director since 2016, directing the company's financial strategy and strengthening the confidence of investors using several industry cycles. He also led all finances, capital markets and corporate development, as well as numerous functions of operational support during his time as the main financial director, giving him a deep understanding of the Precision business and his global operations.
“The entry into the role of the President and the Chief Executive Director is the privilege and is responsible, which I am enthusiastic about. Accuracy is the organization of the world class with the best people of the industry, all of which are devoted to serving our customers and safe activities, a team that I am proud of what I head. I am grateful to the board of directors for their confidence in me and I am excited to send our organization to my organization. ”
The board also announced two key appointments of the leadership. Gene Stal was appointed chief operating director, having received more than 28 years of experience working with the company, including leadership in the field of marketing and survival operations in North America, and representing accuracy, engaged in leading positions in the associations of prominent energy industries. Dustin Hononing was appointed chief financial director after almost 15 years with Precision, where he advanced thanks to the roles of accounting, finance, operational support and investors, recently holding the position of vice president of operations.
“The board is glad to appoint Mr. Ford as president and chief executive director and is completely confident in his proven leadership. A strong senior leading team and loyalty of employees throughout the organization are supported, Precision will continue to promote its strategy managed by technology, maintain disciplined capital management and ensure a stable long-term cost for all interested parties, ”said Mr. Steve Krabin, chairman of the board of directors.
M -n Neva will continue to participate in the advisory role to ensure an unhindered transition of duties and duties to the unhindered form. The board would like to thank the Neva for his numerous contributions and leadership for 18 years with accuracy.
About accuracy
Accuracy is a leading supplier of safe and environmentally responsible High performance, high cost Services for the energy industry, offering customers access to a vast park Super series drilling plants. Precision commercialized the presenter in the industry portfolio of digital technology, known as AlphaTM This uses expanded automation software and analytics to obtain effective, predictable and repeated results for energy customers. Our drilling services are amplified by our evergreenTM A set of environmental solutions that strengthen our commitment to reduce the impact of our environmental operations. In addition, Precision offers well service drilling rigs, camps and rolling equipment supported by a comprehensive combination of technical support services and experienced, experienced personnel.
Accuracy with the headquarters in Kalgary, Albert, Canada, is indicated on the Toronto Stock Exchange under the PD trading symbol and on the New York Stock Exchange under the PD trading symbol.
Additional information
To obtain additional information about accuracy, please visit our website at the address www.precisiondrilling.com or contact:
Lavonne Zdunich, CPA, CA
Vice -President of Relations with Investors
403.716.4500
800, 525 – 8th Avenue SW
Kalgary, Alberta, Canada T2P 1G1
Web site: www.precisiondrilling.com
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Certain statements contained in this press release, including statements, which contains such words as “will”, and similar expressions and statements relating to issues that are not historical facts are “promising information” in the meaning of Canadian legislation on securities and “forecast statements” in accordance with the provisions of the provisions of the United State Relations on the liquidation of agreements on the liquidation of agreements liquidation of the United States. Information and statements)
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Unjustified dependence should not be placed on promising information and statements. Whether the actual results, performance or achievements will comply with our expectations and predictions are subject to a number of well -known and unknown risks and uncertainty, which can lead to significantly different results from our expectations.
Additional information about these and other factors that can affect our business, operations or financial results are included in the reports in the file with applicable securities regulatory authorities, including, among other things, the annual Precision information for the year, which ended on December 31, 2024, to which you can access Precision's Sedar+ Profile www.Sedarplus.ca or in Precision's Edgar Profile. Information and statements that look in the future are contained in this press release, are made at the date of this Agreement, and accuracy does not make the obligation to update public or revise any forecast statements or information, whether as a result of new information, future events or others, with the exception of cases required by law.
