President, Clarity Capital Canada
Richard has extensive entrepreneurial experience in many businesses, including the oil field service sector. After joining Clarity in 2003, Richard worked in Sierra Leone on the African Minerals Limited team, establishing operations and assisting on the admission to the London Stock Exchange
Richard graduated from the University of Calgary in 1980 with a Bachelor of Commerce degree and received his Certified Management Accountant (CMA) designation in 1983. He was a senior officer of privately held Big D Rentals and Sales (1981) Ltd. an oilfield rental company from 1980 to 1994 ,where he was responsible for all accounting, financial and strategic matters. In 1994, he founded TSE listed Inter-Tech Drilling Solutions Ltd., successfully introducing underbalanced drilling technology into domestic and international markets before its acquisition by Precision Drilling Corporation in 1998. From 1998 to 2001 he held senior line and corporate management positions with Precision Drilling, including Vice President and General Manger of wholly owned Northland Energy Corporation and Director, Strategic Communications.
Richard lead the acquisition of Inter-Tech's technology, arranged first rounds of financing through to and including the structuring and closing of its public offering in July of 1996 and subsequent listing on The Toronto Stock Exchange. Precision Drilling Corporation (NYSE), the largest contract driller in North America, acquired Inter-Tech in June of 1998 in a $ 38 Million transaction engineered and consummated by Richard and his team.