Mr. Mathison is one of the Corporation's founders and has served as a member of the board of directors and as Chairman of the Corporation since its formation in 1999. In June 2019, Mr. Mathison was appointed Executive Chairman of the Corporation and as of December 2021 continues to hold the position of Chairman of the Board. Mr. Mathison is also the President and Chief Executive Officer of Matco Investments Ltd. and Matco Capital Ltd., private investment firms which specialize in providing capital and management expertise to companies in which they have an interest. Mr. Mathison has extensive experience in restructuring and financing companies in both the public and private markets. Until October 2000, Mr. Mathison was a director and principal of Peters & Co. Limited, an investment firm specializing in the oil and natural gas industry. Prior thereto, Mr. Mathison and two other individuals formed the nucleus of Peters & Co. Capital, a private merchant banking entity that is widely associated with numerous restructurings of oil and natural gas exploration and production companies and oilfield service companies.


    Mr. Armoyan has been a member of the board of directors of the Corporation since December 18, 2020, and acted as interim Chief Executive Officer of the Corporation from December 17, 2021 to June 3, 2022. Mr. Armoyan is also Executive Chairman of G2S2 Capital Inc., President of Armco Capital Inc., and Executive Chairman, President & Chief Executive Officer of Clarke Inc. Mr. Armoyan is an entrepreneur with extensive experience in real estate and various industries. Since 1982, Mr. Armoyan has successfully founded and grown numerous businesses, created shareholder value at several public companies through restructuring operations by applying a commonsense approach to business.

    Mr. Armoyan also serves on the Board of Clarke Inc. (TSX:CKI) and Bonavista Energy Corporation.




    Mr. Duggal has significant institutional investing experience within the global energy sector. He was a partner at 3G Capital, a global multi-billion dollar asset manager, where he helped launch, manage, and grow a natural resource focused equity and credit fund. Prior to that, he was an investor with Goldman Sachs Investment Partners, which was the Asset Management division’s flagship hedge fund. Mr. Duggal is also an Adjunct Professor for the MBA program at Columbia Business School, where he teaches value investing courses through the Heilbrunn Center for Graham & Dodd Investing. He is a board member of Optiva Inc., a provider of software to the telecommunications industry. Mr. Duggal graduated from the University of Western Ontario with an Honors Business Administration degree (Richard Ivey School of Business, gold medalist) and an Electrical Engineering degree.



    In June 2019, Lindsay Link was appointed President and Chief Operating Officer. Lindsay joined Calfrac as President, United States Operating Division in February 2013 and, in January 2015, was appointed Chief Operating Officer of the company. He brings more than 30 years of experience in business strategy, growth, earnings and execution gained from North American and international assignments in the oil and gas services industry. Before joining Calfrac, Lindsay held senior management positions at Baker Hughes including Managing Director, Continental Europe and President, Pressure Pumping. From 2004 to 2010 he was Vice President, Process & Pipelines Division at BJ Services. Over the course of his career at BJ Services, Lindsay held a variety of engineering, operations, sales and country management positions, gaining significant North American and international experience. Lindsay has a B.Sc. in Mechanical Engineering from the University of Calgary (1983) and an MBA in Finance (1991) from the same institution. He is a Professional Engineer and a member of the Society of Petroleum Engineers (United States).


    Mr. Mehta is a private investor with over fifteen years of institutional investing experience in the global oil and gas industry. He remains an active investor in the North American energy sector through his multi-strategy investment firm, KD Energy Holdings. Mr. Mehta previously held senior energy research positions at several large investment firms, including Samlyn Capital, MSD Capital and TPG-Axon Capital. Mr. Mehta began his investing career in private equity at the Texas Pacific Group in London. Mr. Mehta graduated Magna Cum Laude from the Wharton School at the University of Pennsylvania with a Bachelor of Science in Economics.


    Mr. Pellerin is a Chartered Public Accountant and is the Principal Partner and President of one of the largest independent accounting firms in Quebec, Pellerin Potvin Gagnon S.E.N.C.R.L., which he joined in 1998, became Partner in 2003 and was promoted to President in 2006. Mr. Pellerin specializes in many areas including: mandates of assurance, counseling, management, financing, acquisition and sale of business and audit engagements for several manufacturing companies and distributors. Mr. Pellerin is also the owner of several privately owned manufacturing businesses and owns residential, commercial and industrial properties throughout Quebec. Mr. Pellerin holds a Bachelor degree in accounting from Ottawa University and a post graduate diploma in accounting from University of Trois-Rivieres, Quebec, and has been a member of the Quebec Order of the Chartered Accountants since 2000.


    Mr. Powell has been a member of the board of directors of the Corporation since May 3, 2022, and was appointed Chief Executive Officer of the Corporation on June 3, 2022.  Mr. Powell’s business acumen is backed by first-hand knowledge of all aspects of the industry after working his way up from driving trucks to growing his family's company, H.L. Powell Ltd., into a large and diversified oilfield services company that was sold to Producers Oilfield Services Inc. in 2005.  Mr. Powell’s 40+ years of operational and executive experience also includes prior roles as Chairman of the Board and President of Producers Oilfield Inc., Co-Chief Executive Officer and a director of Mullen Transportation Inc., and Chairman and Chief Executive Officer of Bonnett's Energy Corporation.  Mr. Powell has also served as a director of a number of other private and public-companies, including Canyon Technical Services Ltd. and Clarke Inc.


    Vice Chairman

    Mr. Ramsay is a founder and the Vice Chairman of the Corporation, and he has served as a member of the board of directors of the Corporation since its formation in 1999.  Mr. Ramsay also served as President and Chief Executive Officer of the Corporation from its inception to November 1, 2010 and as Chief Executive Officer from November 1, 2010 until December 31, 2013.  Mr. Ramsay has an extensive background in the oil and natural gas industry.  Prior to 1994, Mr. Ramsay was the President of Canadian Fracmaster Ltd., where he spent 12 years enhancing the overall presence such company in Canada and worldwide.  Previous industry experience as a Project Manager for Delta Consultants, Drilling and Completions Foreman for Dome Petroleum Corp., and Service Operator for BJ Well Services Company has contributed to Mr. Ramsay's overall knowledge of the industry.  Mr. Ramsay is also a director for Tesco Corporation, a public oilfield service company.