Civeo Corporation Announces Appointment of Jay Grewal and Michael Montelongo to its Board

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Civeo Corporation Announces Appointment of Jay Grewal and Michael Montelongo to its Board

by ahnationtalk on July 21, 202113 Views

HOUSTON & CALGARY, Alberta—-Jul. 21, 2021– Civeo Corporation (NYSE:CVEO) announced today that its Board of Directors elected Jay Grewal and Michael Montelongo as members of its Board of Directors effective August 15, 2021. Ms. Grewal has been appointed as a Class III Director with an initial term expiring in May 2023 and will serve on the Company’s Audit Committee and Finance and Investment Committee. Mr. Montelongo has been appointed as a Class I Director with an initial term expiring in May 2024 and will serve on the Company’s Compensation Committee and Nominating and Corporate Governance Committee. Prior to August 15, 2021, Ms. Grewal and Mr. Montelongo will serve as observers at meetings of the Board.

“On behalf of our Board of Directors, I’m very pleased to welcome Jay and Michael to Civeo. Jay brings decades of financial and executive leadership experience as well as significant experience in the energy and power industry in North America to our Board and Audit Committee. Her experience and input will be integral as we manage and grow our Canadian business. Michael brings his experience in the managed services industry as well as his expertise in governance. Michael’s experience will be valuable as we look to expand our managed services business as well as further our ESG efforts,” said Richard A. Navarre, Civeo’s Chairman of the Board.

About Jay Grewal

Ms. Grewal has served as President and Chief Executive Officer (CEO) of Manitoba Hydro, one of the largest integrated electric and natural gas utilities in Canada, since February 2019. Jay is a proven leader with over 26 years of leadership and corporate management experience including at executive levels in the utility, resource, finance and consulting sectors. She joined Manitoba Hydro from the Northwest Territories Power Corporation where she held the position of President and CEO from June 2017 to February 2019. Before then, Jay held senior executive roles with Capstone Mining Corp, Accenture, Inc., BC Hydro, and CIBC World Markets. Jay earned both a B.A. (honors) from the University of British Columbia as well as an M.B.A., finance from the Richard Ivey School of Business, University of Western Ontario. Jay sits on the board of a number of industry associations. In 2019 she was named as one of the Women of the Year by Chatelaine Magazine.

About Michael Montelongo

Mr. Montelongo has served as President and Chief Executive Officer of GRC Advisory Services, LLC, a board governance firm, since July 2016, and was previously Chief Administrative Officer and Senior Vice President, Public Policy and Corporate Affairs for Sodexo, Inc., a facilities and hospitality outsourcing solutions enterprise, from January 2008 to July 2016. He is a former George W. Bush White House appointee serving as the 19th Assistant Secretary for Financial Management and Chief Financial Officer of the U.S. Air Force from August 2001 to March 2005. Mr. Montelongo is a lifetime member of the Council on Foreign Relations and was an executive with a global management consulting firm and a regional telecommunications company. He completed a career in the U.S. Army that included line and staff assignments, a Congressional Fellowship in the U.S. Senate and service as an assistant professor teaching economics and political science at West Point. Mr. Montelongo also serves on the board of Conduent Incorporated (NASDAQ: CNDT), a business process outsourcing company, and privately-held Larry H. Miller Management Corporation. He earned his B.S. from West Point and an M.B.A. from Harvard Business School.

About Civeo

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 28 lodges and villages in Canada, Australia and the U.S., with an aggregate of approximately 30,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo’s website at www.civeo.com.

Carolyn J. Stone
Civeo Corporation
Senior Vice President & Chief Financial Officer
713-510-2400

NT4

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