In The NewsPieridae Appoints a New Chief Financial Officer

November 12, 2019

Pieridae Appoints New CFO
Daily Oil Bulletin Tuesday, November 12, 2019, 7:33 AM MST

Pieridae Energy Limited appointed Rob Dargewitcz as its chief financial officer.

Dargewitcz began his new role on Nov. 11.

"We are excited to officially welcome Rob to our leadership team as our new CFO," said Pieridae CEO Alfred Sorensen. "He did a stellar job in helping to secure the financing needed to close the transformational Shell asset acquisition. After helping to raise $10 billion to construct the North West Redwater refinery, Rob’s skill set is well positioned to bring in the larger financing needed to build Pieridae’s Goldboro LNG project.”

Dargewitcz spent 15 years working at Shell Canada Limited where, among other responsibilities, he successfully managed the financial profitability of Pieridae’s newly acquired Foothills assets.

Dargewitcz has been interim CFO of Pieridae since August 2019, having previously been senior vice-president of finance and risk management. Dargewitcz has over 20 years of experience in the energy sector including five years prior to Pieridae as treasurer of North West Redwater Partnership (NWRP), where Dargewitcz helped to lead the financing of their $10 billion upgrader/refinery project in Alberta.

Prior to NWRP, Dargewitcz spent 15 years with Shell where he had several positions over the years including: senior manager of mergers, acquisitions and commercial finance; treasurer; business manager - Foothills gas; senior economist - oilsands; and various other financial positions in all four divisions of Shell including upstream, downstream, oilsands, and corporate.

He is also a retired army officer, retiring with the rank of captain from the Canadian Armed Forces after having served in the army for five years post completion of his undergraduate degree in economics and commerce at the Royal Military College in Kingston, Ontario.

Dargewitcz also holds a master of business administration (MBA) from the University of Ottawa and is a chartered professional accountant (CPA).

Interim chief financial officer of Pieridae Energy moves to permanent role

LNG World News November 13, 2019

Canadian LNG project developer Pieridae Energy has appointed a new chief financial officer (CFO) of the company.

Pieridae said on Tuesday that Rob Dargewitcz took on his new role as CFO on November 11, 2019.

Dargewitcz spent 15 years working at Shell Canada where, among other responsibilities, he managed the financial profitability of Pieridae’s newly acquired Foothills assets.

He has been the interim CFO of Pieridae since August 2019, having previously been SVP of finance and risk management.

Dargewitcz has over 20 years of experience in the Energy sector including five years before Pieridae as the treasurer of the North West Redwater Partnership.

At Shell, he held several positions over the years including senior manager of mergers, acquisitions and commercial finance, treasurer, business manager at Foothills Gas, senior economist for oil sands, and various other financial positions in all four divisions of Shell including upstream, downstream, oil sands, and corporate.

He is also a retired Army Officer, retiring with the rank of Captain from the Canadian Armed Forces after having served in the Army for five years.

Pieridae CEO Alfred Sorensen said: “He did a stellar job in helping to secure the financing needed to close the transformational Shell asset acquisition. After helping to raise $10 billion to construct the North West Redwater refinery, Rob’s skill set is well-positioned to bring in the larger financing needed to build Pieridae’s Goldboro LNG Project.”

To remind, Pieridae Energy closed its acquisition of all of Shell’s midstream and upstream assets in the southern Alberta Foothills for $144.6M in mid-October.

The company is also the developer of the Goldboro LNG project in Nova Scotia. The company expects to ship first gas overseas to meet the expected global LNG shortfall in 2023/2024.

Pieridae appoints new CFO
Published by David Rowlands, Editor LNG Industry, Wednesday, 13 November 2019 10:30

Pieridae Energy Ltd has announced that it has appointed Rob Dargewitcz as its new Chief Financial Officer.

According to the statement, Dargewitcz started his new role on 11 November 2019.

Pieridae CEO, Alfred Sorensen, said: “We are excited to officially welcome Rob to our leadership team as our new CFO.

“He did a stellar job in helping to secure the financing needed to close the transformational Shell asset acquisition. After helping to raise $10 billion to construct the North West Redwater refinery, Rob’s skill set is well positioned to bring in the larger financing needed to build Pieridae’s Goldboro LNG Project.”

Sorensen went on to say that Dargewitcz’s proven leadership of the company’s finance team will continue to strengthen the company’s financial controls, helping Pieridae become a true mid-cap company as it looks to graduate to the TSX. Dargewitcz spent 15 years working at Shell Canada Ltd where, among other responsibilities, he successfully managed the financial profitability of Pieridae’s newly acquired Foothills assets.

According to the statement, Dargewitcz has served as interim CFO of Pieridae since August 2019, having previously been Senior Vice President of Finance and Risk Management. He has more than 20 years of experience in the energy sector, including five years prior to Pieridae as Treasurer of North West Redwater Partnership (NWRP), where he helped to lead the financing of their $10 billion upgrader/refinery project in Alberta.

Prior to NWRP, Dargewitcz served at Shell for 15 years, where he held a number of positions over the years. In addition to this, he is also a retired Army Officer, retiring with the rank of Captain from the Canadian Armed Forces after having served in the Army for five years post completion of his undergraduate degree in Economics and Commerce at the Royal Military College in Kingston, Ontario.

Dargewitcz also holds a Master of Business Administration (MBA) from the University of Ottawa and is a Chartered Professional Accountant (CPA).

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