Natural Resources >> CEO Interviews >> August 21, 2000
R.T. (TIM) SWINTON became Executive Chairman of IPEC Ltd. in July 1999.
This followed an arrangement whereby he consulted to the company and
acted as its CEO for three months, during which the company was
substantially restructured. Prior to joining IPEC, Mr. Swinton held a
number of senior positions in the Canadian energy industry. He served as
Chairman and CEO of Kenting Energy Services Ltd. from January to May
1997, when it was acquired as a result of a takeover bid. Prior to this
offer being made, Kenting entered into an agreement to purchase Lynx
Energy Services Ltd. for approximately $66 million. Kenting was
eventually sold to the hostile bidder for in excess of $400 million. Mr.
Swinton served as Chairman, President and CEO of EnSERV Corporation from
November 1988 until September 1996 when it was sold. Mr. Swinton joined
EnSERV as its first full-time President and CEO when it was a $25
million revenue subsidiary about to be spun out from its exploration and
production company parent, of which Mr. Swinton was Senior Vice
President. He set a course of action for the company, which saw its
market capitalization grow from approximately $18 million to $228
million. During that period, the company grew from a small drilling and
well servicing business into then one of Canada's largest public
oilfield service companies. EnSERV was sold for $228 million. Mr.
Swinton has an undergraduate degree in Economics and a Masters of
Business Administration degree. Profile
Mr. Swinton: IPEC is a company that was restructured last year,
commencing in Q2 of 1999, to become a significant energy
