Calfrac Well Services Announces Chief Financial Officer Transition

Key Takeaways:

• Calfrac has announced a CFO transition.
• Ms. Scarlett Crockatt is the newly appointed CFO.
• The effective date of her appointment is April 9, 2026.
• She succeeds retiring CFO, Mr. Mike Olinek.
• The announcement was released via Globe Newswire on April 8, 2026.

Leadership Announcement

Calfrac Well Services Ltd. (“Calfrac” or the “Company”) (TSX: CFW) announced its new Chief Financial Officer in a formal statement dated April 8, 2026. The company introduced Ms. Scarlett Crockatt as the incoming CFO, underlining a significant shift in its financial leadership structure.

New CFO: Ms. Crockatt

Ms. Crockatt will officially assume her role on April 9, 2026. While details on her background were not provided in the announcement, the clear focus of Calfrac’s statement was her appointment and the importance of maintaining a seamless transition in the company’s financial stewardship.

Outgoing CFO: Mr. Olinek

Ms. Crockatt succeeds Mr. Mike Olinek, who is retiring from Calfrac. The company’s announcement underscores that this succession positions Calfrac for ongoing stability, with no additional details regarding Mr. Olinek’s tenure or future plans disclosed in the release.

Looking Ahead

With this transition in place, Calfrac signals a forward-looking approach to its operations. By appointing Ms. Crockatt as CFO, the company continues its established practice of transparent leadership changes designed to preserve confidence among employees, shareholders, and industry partners.