Calfrac Well Services Ltd. announced that Michael (Mike) Olinek has been appointed Chief Financial Officer of the Corporation. Mike joined Calfrac in August of 2006 as Corporate Controller and was promoted to Vice President, Finance in April of 2011. He has been serving as Interim Chief Financial Officer since March of 2016.

Prior to joining Calfrac, Mike first served five years with a major accounting firm where he obtained his Chartered Professional Accountant designation. He then served in progressively-responsible financial roles over twelve years with two large, multinational exploration and production companies. Calfrac also announced the appointment of Scott Treadwell as Vice President, Capital Markets and Strategy, and the transition of Mark Paslawski, previously the Corporation's Vice President, General Counsel and Corporate Secretary, to the role of Vice President, Corporate Development and Corporate Secretary.

Scott has over seven years of capital markets experience in the oil and gas services sector, and most recently served as Director, Energy Services Research at a major Canadian investment bank. Scott also has over nine years of domestic and international oil and gas industry experience, the bulk of which was in the oilfield services arena. Mark joined Calfrac as General Counsel and Corporate Secretary in September of 2007 having practiced securities and corporate law for eight years at the Calgary office of a major Canadian law firm.

Mark has been assuming a progressively more business focused role throughout his tenure with Calfrac, and his transition to this new position will allow him to dedicate more time and energy to these endeavors.