STEP Energy Services Ltd. Elects New Board, Enhances Leadership for Strategic Growth
- At its AGM, STEP Energy Services Ltd. elected seven board nominees, reflecting strong shareholder confidence in management.
- Jeremy Gackle became chair of the board, with Edward LaFehr as lead director, enhancing governance practices.
- STEP Energy Services focuses on safety, innovation, and modern equipment to meet industry demands in energy services.
STEP Energy Services Ltd. Strengthens Leadership at Annual General Meeting
At its recent annual general meeting held on June 4, 2025, STEP Energy Services Ltd. (TSX: STEP) reinforces its commitment to strong governance by electing seven nominees to its board of directors. The voting results highlight significant shareholder confidence, with nominees receiving overwhelming support; Jacqueline Forrest garners 99.959% of votes, while Stephen M. Glanville achieves an impressive 99.995%. This enthusiastic backing reflects the shareholders' trust in the management team as the company navigates the competitive landscape of energy services.
Following the election, Jeremy Gackle assumes the role of chair of the board, taking over leadership responsibilities to guide the company’s strategic direction. Edward LaFehr is designated as the lead director, ensuring robust oversight and governance practices. The board also announces the formation of its committees, with key roles assigned to James Harbilas, Rachel Moore, and LaFehr. Harbilas will chair the Audit Committee, Moore takes the helm of the Compensation and Corporate Governance Committee, and LaFehr leads the Health, Safety, and Environment Committee. This structured approach to governance is critical as STEP Energy Services continues to prioritize safety and innovation within a rapidly evolving energy sector.
Founded in 2011, STEP Energy Services has established itself as a leader in hydraulic fracturing, fluid and nitrogen pumping, and coiled tubing solutions across North America, particularly in the Western Canadian Sedimentary Basin and key U.S. regions such as the Permian and Eagle Ford. The company's ethos centers on a high-performance, safety-focused culture, driven by its core values: Safety, Trust, Execution, and Possibilities. These principles underpin STEP's commitment to delivering innovative and reliable services to exploration and production companies, positioning it well to meet the increasing demands of the industry, especially as well plays grow deeper and more complex.
In addition to the board elections, STEP Energy Services emphasizes its dedication to leveraging modern equipment and skilled professionals to enhance its service offerings. The company remains focused on continuous improvement and adaptability in an industry characterized by rapid technological advancements and evolving market needs. Shareholders and stakeholders can access final voting results through SEDAR+ and stay informed about STEP's activities via its official website or by reaching out to its executives directly.