CALGARY, ALBERTA--(Marketwire - Oct. 25, 2012) - It is with profound sadness that employees, management and directors of Wenzel Downhole Tools Ltd ("Wenzel"or the "Company") (WZL.TO) learned this past Sunday of the passing of Dr. Harvie Andre, its Director and former President & CEO.
First and foremost, the Employees and Directors of Wenzel wish to express their condolences to Dr. Andre's wife and family.
Between academia, politics and business, Dr. Andre lived a very full professional life, and over the course of a career spanning half a century many people across our province, our country and around the world had the pleasure of knowing him, working with him and calling him their friend and colleague.
Dr. Andre served as a member of Wenzel's Board of Directors for 17 years, and as President & CEO for six years. He was a determined leader, offering views and perspective reflecting the breadth of his experience, always dedicated and sometimes combative, but also with a disarming sense of humour.
The Company owes him a debt of gratitude. During his term as President & CEO from 2005 until last November, Dr. Andre led Wenzel through some of its most challenging times, and with his unrelenting energy and commitment he brought back stability and confidence in the Company.
And over that period of time, Wenzel's revenues grew by in excess of 125%.
In summary, where the Company is today - its people, its customers, its investors - is in no small measure, a reflection of Dr. Andre's leadership.
He will be missed.
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Wenzel Downhole Tools Ltd.
Chief Executive Officer
(403) 265-8154 (FAX)