CERF Incorporated announced that Mr. Ken Olson has been appointed Chief Financial Officer of CERF, effective May 1, 2016. Mr. Olson replaces Mr. Derrek R. Wong, who has resigned as Vice President, Finance and CFO of CERF. Mr. Wong will work closely with Mr. Olson, and Mr. Ken Stephens, CERF's founding CFO and a director of CERF, to ensure a seamless transition.

Mr. Olson is an accomplished finance and accounting executive with more than 23 years of experience in both private and publicly-traded companies. Before joining CERF, Mr. Olson served as the CFO of a publicly traded oilfield drilling and completion services company operating both in Canada and internationally, where he oversaw all aspects of corporate finance, investor relations, cash management, financial budgeting and reporting, IT services, taxation, financial controls, and regulatory compliance. Mr. Olson also served as Vice President, Finance for Sanjel Corporation, a private pressure pumping and completion services company operating in Canada and internationally, and as Vice President Finance for the Wireless Business Unit of CSI Wireless Inc.