CALGARY, Alta. — The Mullen Group Income Fund revealed Pat Powell has tendered his resignation as co-CEO of the fund, but will remain as a director of the group.
Powell joined the Mullen Group concurrent with the fund’s June 2006 merger with Producers Oilfield Services, where he held the positions of Chairman of the Board and president. Prior to joining Producers, Powell was the president of H.L. Powell, a family business that grew into a major oilfield service company in Western Canada.
“Pat’s enthusiasm and knowledge of the industry will be missed on a day-to-day basis but with his continued presence on the board the fund will continue to benefit from Pat’s extensive expertise and customer relations,” commented Murray K. Mullen, chairman.
Powells responsibilities will immediately be assumed by Murray K. Mullen, chairman, and Stephen H. Lockwood, co-CEO and President.
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