The Power to Deliver
Citadel’s Board of Directors
Citadel Drilling Ltd’s Board of Directors exercises overall responsibility for the management and supervision of the affairs of the Company.
Mr. Freel was a Managing Director at ARC Financial Corp. from 2016 until his retirement on December 31, 2022. He joined ARC in 1998, with over two decades of oilfield services industry experience in engineering and investment roles, including nine years with Schlumberger Ltd. He holds a BSc in Engineering from Queen’s University and an MBA from the University of Toronto and is currently the Chairman of STEP Energy Services and several private companies.
Mr. Christopher is a Senior Vice-President at ARC Financial Corp. and has been with the firm since he began his career in 2009. Peter has been involved in covering all segments of ARC’s portfolio over the years, including extensive oilfield service experience. His current responsibilities include originating new investment opportunities and working closely with portfolio companies on strategic direction, execution, and exit. He has a Bachelor of Commerce from Queen’s University, is a CFA Charterholder, and is an Institute of Corporate Directors Certified Director.
Mr. Hoffarth has come up through the ranks, starting his career as a Floorhand and working through all positions in a drilling contractor environment. Pre-Citadel, Mr. Hoffarth was VP Marketing for Nabors Drilling. Experienced in start-up, mid-size and large company environments in domestic and international roles, Mr. Hoffarth brings to the company a depth in management, construction, sales and operational capacities. He is a founding member of Citadel Drilling with over 30 years of experience in the drilling and service sector of the industry.
Mr. Todd has over 33 years of oil and gas experience with Royal Dutch Shell/Shell Canada in Canada and the US, with diverse senior management experience ranging from play development, drilling and completions, land, regulatory and operations. His most recent positions at Shell included VP Production for all US onshore assets and VP Unconventional Canada. Mr. Todd has a record of delivering results, improving performance, and implementing systems and processes. He is a founder of Aspenleaf Energy Ltd where he serves as VP Operations and has a B.Sc. in Mechanical Engineering from the University of Calgary.
Mr. Wagemakers started in the drilling business in 1974 and has been a prominent fixture in the Canadian oil and gas drilling sector. During this lifetime of service he has held the positions of VP Marketing with Nabors Drilling, a division of Nabors Canada, and VP Operations with Command Drilling. In addition, Mr. Wagemakers was the President of Partner Rentals and has also held a variety of management positions with several pre-eminent drilling companies. He graduated from the Haskayne School of Business "Directors Education Program" in 2013 and is recognized as an ICD.D Institute Certified Director.
Mr. Zahn is a founding member of Citadel Drilling and brings a wealth of experience formulating and executing on financial and operating strategies. He has been VP Finance and CFO of seven public and private oil and gas service companies, most recently Palko Environmental and Century Frac Services. Mr. Zahn also spent 10 years with KPMG LLP as a senior manager, a role that afforded him a broad range of experience in corporate finance, tax and accounting activities.