CE Franklin Announces The Departure of President and Chief Operating Officer.CALGARY, ALBERTA--(BUSINESS WIRE)--Sept. 17, 1998--CE Franklin (TSE:CFT) (AMEX AMEX See: American Stock Exchange :CFK) CE FRANKLIN LTD. (TSE.CFT, AMEX.CFK) announced today the departure of John McCrae, who joined the company as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. in October, 1997. John Gilbank, Chairman and Chief Executive Officer, has assumed the additional role of President. CE Franklin has also confirmed that it is continuing with its program of adjusting operating expenses downward in a response to lower oil prices and the resulting reduction in markets for its oil and gas equipment and supplies. CE Franklin is Canada's largest distributor of supplies to the oil and gas drilling and production industry. For more information visit our Web Site at HYPERLINK http://www.cefranklin.com. CE Franklin's common stock trades on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol CFT and on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol CFK. |
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