Enerflex appoints Mahoney as president, CEO, director

Executive Summary

• Enerflex Ltd. has appointed Paul E. Mahoney as its new President, Chief Executive Officer, and Director, effective September 29, 2025.
• The appointment follows an extensive global search process and marks the conclusion of the interim leadership period for Preet S. Dhindsa and Joe Ladouceur.
• Mahoney brings over 30 years of experience in the industrial and energy sectors, most recently serving as Group President at ChampionX Corp. prior to its acquisition by SLB.

Key Details

• New CEO Appointment: Paul E. Mahoney appointed as President, CEO, and Director effective Sept. 29, 2025.
• Board Composition: Mr. Mahoney joins the board of directors simultaneously with his appointment as CEO.
• Interim Leadership Transition:
  • Preet S. Dhindsa, who served as interim CEO, will remain with the company as Senior Vice-President and Chief Financial Officer.
  • Joe Ladouceur, who served as interim CFO, will remain with the company as Vice-President, Treasury, Tax and Insurance.
• Strategic Priorities: The company reaffirmed its near-term priorities:
  1. Enhancing profitability of core operations.
  2. Leveraging leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes.
  3. Maximizing free cash flow to strengthen financial position, provide shareholder returns, and invest in customer-supported growth.
• CEO Background: Paul Mahoney has over 30 years of experience in industrial and energy sectors. Since 2018, he served as Group President, Production and Automation Technologies, at ChampionX Corp. (acquired by SLB in July 2025). He previously served as President, Artificial Lift, at Dover Corp. He holds a B.S. in Physics and Electrical Engineering from the University of Buffalo and an MBA from Seattle University. He also serves as a director of Chart Industries Inc.
• Board Statement: Chair Kevin Reinhart highlighted Mahoney's "proven track record of developing and executing winning strategies" and "exemplary leadership capabilities."

Notable Quotes

• Kevin Reinhart, Chair of the Board: "We are pleased to welcome Paul as Enerflex's new president and CEO. With over 30 years of experience across the industrial and energy sectors, Paul is a highly accomplished and seasoned executive. His broad industry experience, proven track record of developing and executing winning strategies, exemplary leadership capabilities, and fresh perspective make him the ideal candidate to drive the company's ongoing focus on creating sustainable shareholder value."
• Paul Mahoney, New President and CEO: "I'm looking forward to joining Enerflex at an exciting time for the company. Enerflex is a recognized global leader and I believe the company is well positioned to take advantage of growing global natural gas demand for years to come. I look forward to working with the board, the senior leadership team and the talented employees to deliver on our goals for the benefit of our shareholders, client partners, employees and communities."
• Preet S. Dhindsa, Interim CEO: "On behalf of the leadership team, we look forward to working with Paul. His complementary skill set and experience will bring fresh insight and energy to the team as we continue to build off our solid foundation."
• Kevin Reinhart, Chair of the Board (on outgoing interim leaders): "On behalf of the board and all stakeholders, I would like to thank Preet and Joe for their tremendous efforts and contributions as interim leaders while the board undertook the CEO search. Their leadership, combined with the commitment of all employees, ensured Enerflex continues to deliver results and drive shareholder value during the period of transition."