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Enerflex names Preet Dhindsa as new CFO

EditorLina Guerrero
Published 02/15/2024, 07:06 PM
© Reuters.

CALGARY, Alberta - Enerflex Ltd. (TSX: EFX) (NYSE: EFXT), a global provider of energy infrastructure solutions, has confirmed the appointment of Mr. Preet Dhindsa as Senior Vice President and Chief Financial Officer (CFO), effective March 1, 2024. Mr. Dhindsa, who has been serving as the interim CFO since October 13, 2023, brings over 25 years of financial leadership experience to the role.

Marc Rossiter, President and CEO of Enerflex, expressed confidence in Dhindsa's abilities, citing his financial expertise and leadership in multinational businesses. Rossiter emphasized the significance of Dhindsa's role during a pivotal time for Enerflex, especially following the recent acquisition of Exterran (NYSE:EXTN), which Dhindsa will help to integrate.

Prior to his tenure at Enerflex, Dhindsa held the position of Executive Vice President and CFO at ENMAX Corporation, where he managed finance and IT operations across North America. His previous roles include CFO and Chief Administrative Officer at AMP (OTC:AMLTF) Energy and SVP & CFO, Global Banking & Markets at Scotiabank, overseeing international finance teams and regulatory relationships across various regions.

Enerflex, headquartered in Calgary, operates in more than 85 locations worldwide, offering services in natural gas processing, compression, and energy transition solutions, among others. The company is focused on supporting the energy transition and aims to enhance shareholder value through sustainable practices and financial stability.

Mr. Dhindsa expressed his commitment to advancing Enerflex's global strategy, improving business profitability, and generating sustainable free cash flow. He highlighted the company's diverse global presence and its role in the energy transition as key factors that impressed him upon joining the firm.

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