Interim chief financial officer of Pieridae Energy moves to permanent role

Canadian LNG project developer Pieridae Energy has appointed a new chief financial officer (CFO) of the company.

Pieridae said on Tuesday that Rob Dargewitcz took on his new role as CFO on November 11, 2019.

Dargewitcz spent 15 years working at Shell Canada where, among other responsibilities, he managed the financial profitability of Pieridae’s newly acquired Foothills assets.

He has been the interim CFO of Pieridae since August 2019, having previously been SVP of finance and risk management.

Dargewitcz has over 20 years of experience in the Energy sector including five years before Pieridae as the treasurer of the North West Redwater Partnership.

At Shell, he held several positions over the years including senior manager of mergers, acquisitions and commercial finance, treasurer, business manager at Foothills Gas, senior economist for oil sands, and various other financial positions in all four divisions of Shell including upstream, downstream, oil sands, and corporate.

He is also a retired Army Officer, retiring with the rank of Captain from the Canadian Armed Forces after having served in the Army for five years.

Pieridae CEO Alfred Sorensen said: “He did a stellar job in helping to secure the financing needed to close the transformational Shell asset acquisition. After helping to raise $10 billion to construct the North West Redwater refinery, Rob’s skill set is well-positioned to bring in the larger financing needed to build Pieridae’s Goldboro LNG Project.

To remind, Pieridae Energy closed its acquisition of all of Shell’s midstream and upstream assets in the southern Alberta Foothills for $144.6M in mid-October.

The company is also the developer of the Goldboro LNG project in Nova Scotia. The company expects to ship first gas overseas to meet the expected global LNG shortfall in 2023/2024.

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