Excelsior Engineering Appoints New CEO to Achieve Growth Plans

CALGARY, Canada, Oct. 16, 2013 /PRNewswire/ -- Excelsior Engineering Ltd., a leading engineering firm based in Calgary, Canada, today announced that it appointed Peter Nickerson as the new CEO. With 25 years of managing major engineering and construction projects for the oil and gas industry, Mr. Nickerson has the qualifications to lead Excelsior's efforts to enter the EPC market.

"Peter's experience in heavy crude production and upgrading projects will be key in helping us reach Excelsior's goals for growth," said Ali Derakhshan, Excelsior co-founder and a member of the Board of Directors. Derakhshan will continue to run project operations as they exist today, and work to maintain the high level of client satisfaction that has characterized Excelsior for the past 11 years.

"It's an honor to join Excelsior Engineering's team," said Nickerson, who previously worked with Suncor Energy, Shell and Syncrude. "With our local knowledge, broad resources and Vepica's major project execution expertise, Excelsior is well positioned for success in Canada." In 2012, Excelsior aligned with Vepica, a multinational engineering firm ranked 96^th on ENR's 2013 Top International Design Firms list.

About Excelsior Engineering
Excelsior Engineering is an engineering, procurement and construction-management firm based in Calgary, Canada. Founded in 2002 and with over 100 employees, Excelsior provides project engineering, procurement and construction management (EPCM), production optimization, environmental/regulatory and operational troubleshooting services to the oil and gas industry. For more information, visit: www.excelsioreng.com.

About Vepica
Vepica is a privately held multinational energy-industry engineering firm with headquarters in Caracas, Venezuela and operations in Canada, China, Colombia and the U.S. Founded in 1972, Vepica provides EPC, engineering, inspection/O&M and environmental engineering services to the oil and gas, alternative energy, chemical, power generation, infrastructure, transportation, mining and telecommunications industries. With more than 2,000 employees, 37 million man-hours and 3,500 engineering projects on four continents to its credit, Vepica is differentiated by depth of experience and expertise, highly developed processes and state-of-the-art technology. For more information, visit: www.vepica.com/index_en.html.

SOURCE Excelsior Engineering Ltd.