Calfrac appoints Scarlett Crockatt as new CFO

Calfrac Well Services Ltd., a leading North American oilfield services company, has appointed Scarlett Crockatt as its new Chief Financial Officer, effective immediately. The announcement was made from the company's headquarters in Calgary, Alberta, on March 25, 2025, as part of a strategic move to strengthen its financial leadership and governance following the retirement of the previous CFO. This appointment is a key step in Calfrac's ongoing efforts to navigate the evolving energy sector and position itself for future growth. Scarlett Crockatt brings over two decades of extensive financial and operational experience to the role, having previously served in senior financial positions within the energy and industrial sectors. Her background includes expertise in capital markets, corporate finance, and risk management, which are critical areas for Calfrac as it continues to adapt to market fluctuations and invest in technology-driven solutions for well services. The company highlighted her proven track record in driving financial performance and supporting strategic initiatives as key factors in the selection process. This leadership change comes at a pivotal time for Calfrac, which has been focusing on enhancing its service offerings and operational efficiency amid a competitive landscape. The appointment is expected to bolster investor confidence and provide steady financial stewardship as the company pursues opportunities in both conventional and unconventional energy markets. Industry analysts view this move as a positive development, aligning with broader trends in the oilfield services industry where experienced financial leadership is crucial for sustainable growth and resilience.