CALGARY, ALBERTA--(Marketwire - May 15, 2012) - Wenzel Downhole Tools Ltd. ("Wenzel" or the "Company") (WZL.TO - News) announces the appointment of Ron Patterson as Chief Executive Officer and President, effective immediately.
Ron joined the Company in February 2010 and has over 20 years experience in the downhole drilling tool business. He has worked both domestically and internationally in several different capacities, including an assignment in Dubai, UAE, for two years. Prior to joining Wenzel he was Vice President of a leading power section manufacturing company, where he established and had responsibility for its successful Canadian manufacturing operations.
Charles Laurey, chairman of the Company's board of directors, commented: "The entire board is very pleased with the appointment of Ron as CEO & President. The breadth and depth of his knowledge of our industry are of great value to the Company, as are his extensive relationships with our customers. Ron will be a great leader of Wenzel during this exciting and important time."
About Wenzel Downhole Tools Ltd.
Wenzel Downhole Tools Ltd. is a manufacturer, seller and renter of drilling tools used in oil and gas exploration. Wenzel's Canadian sales, manufacturing and servicing facilities are located in Edmonton, Alberta and its US servicing facilities are located in Conroe, Texas, Morgantown, West Virginia and Casper, Wyoming. Wenzel's main corporate office is located in Calgary, Alberta, and it has a sales and service facility in Celle, Germany. Wenzel Downhole Tools Ltd. is listed for trading on the TSX, symbol WZL.
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