Gibson Energy Names Curtis Philippon as New President and CEO

CALGARY, Alberta, July 2, 2024 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) is pleased to announce today that its Board of Directors has unanimously appointed Curtis Philippon as the new President and Chief Executive Officer of the Company, effective August 29, 2024.

Mr. Philippon has over 20 years of experience in the North American energy sector in increasingly senior positions, most recently as Executive Vice President of Superior Plus and President of Certarus. Prior to that role, Curtis was President and CEO of Certarus Ltd., where under his successful leadership he built an industry-leading low-carbon energy distribution company focused on CNG, RNG and hydrogen, grew EBITDA more than 50x and completed a corporate sale with revenues exceeding $1 billion in 2022.

“We are thrilled to welcome Curtis as Gibson’s new president and CEO,” said Jim Estey, chairman of the board. “After an exhaustive search this spring, Curtis’ strategic vision, extensive experience and exemplary leadership skills make him the ideal candidate to lead the company’s next phase of growth and development, something I have also witnessed during my tenure as chairman of Certarus.”

Upon assuming his role, Mr. Philippon will meet with key stakeholders and delve into the company’s strategic priorities to deliver on its commitment to delivering shareholder value and executing on its long-term strategy.

In his new role, he will oversee the executive team and all aspects of the company. “On behalf of the executive team, we look forward to working with Curtis,” said Sean Brown, senior vice president and chief financial officer. “His complementary skill set and experience will bring fresh energy to the team as we continue to build on our solid foundation.”

“I am excited to join Gibson as its new president and CEO,” said Curtis Philippon. “After my conversations with the board and conducting my own research, it was clear that the company has a strong reputation as an industry leader in all aspects of its business. I look forward to working with this talented team as we develop this next chapter of growth and value creation for all of our stakeholders.”

About Curtis Philippon
Mr. Philippon previously served as Executive Vice President overseeing the Canadian Superior Propane and Superior Gas Liquids business units, and was also President of Certarus. Curtis originally joined Certarus as Vice President of Finance and Chief Financial Officer in June 2014 and was promoted to President and CEO of Certarus in November 2016 and Executive Vice President of Superior Plus in February 2024. Curtis has a Bachelor of Commerce from the University of Alberta, a CPA CMA designation and an MBA from the University of Calgary.

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About Gibson
Gibson is a leading fluid infrastructure company with core businesses in the storage, optimization, processing and gathering of fluids and refined products. Headquartered in Calgary, Alberta, the company has operations throughout North America, with major terminal assets in Hardisty and Edmonton, Alberta, Ingleside, Texas, and a facility in Moose Jaw, Saskatchewan.

Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com.

Forward-looking statements
Certain statements in this press release constitute forward-looking information and statements (collectively, forward-looking statements), including, but not limited to, statements regarding the expected effective date of the appointment of Curtis Philippon as Chairman and Chief Executive Officer and Gibson’s ability to execute its corporate strategy and achieve expected results. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate,” “plan,” “consider,” “continue,” “estimate,” “expect,” “intend,” “propose,” “may,” “can,” “will,” “may,” “project,” “should,” “could,” “would,” “believe,” “predict,” “forecast,” “seek,” “potential” and “capable” and similar expressions are intended to identify forward-looking statements. Forward-looking statements reflect Gibson’s beliefs and assumptions regarding, among other things, the ability to realize the expected benefits of the Gateway Terminal acquisition, the ability to achieve development capital goals, the ability to approve additional infrastructure projects and the ability to deliver infrastructure projects in service and the timing thereof. These statements involve known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct, and undue reliance should not be placed on any forward-looking statements contained in this press release. These statements speak only as of the date of this press release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties, including, but not limited to, those described in “Forward-Looking Information” and “Risk Factors” contained in the Company’s Annual Information Form and Management’s Discussion and Analysis, each dated February 20, 2024, filed on SEDAR+ and available on Gibson’s website at www.gibsonenergy.com.

For further information please contact:
Investors:
Beth Pollock
Vice President, Capital Markets and Risk
Phone: (403) 992-6478
E-mail: [email protected]

Media:
Wendy Robinson
Director of Communications and Branding
Phone: (403) 827-6057
E-mail: [email protected]