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    Sky Quarry Appoints Darryl Delwo as Chief Financial Officer and Cyla Apache as VP of Finance

    10/29/24 8:31:00 AM ET
    $SKYQ
    Environmental Services
    Industrials
    Get the next $SKYQ alert in real time by email

    WOODS CROSS, Utah, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ:SKYQ) ("Sky Quarry " or the "Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced two key appointments. Darryl Delwo, CPA, a seasoned finance and accounting executive, was previously named Chief Financial Officer effective August 20, 2024, and Cyla Apache has recently been promoted to Vice President of Finance. These appointments reflect Sky Quarry's focus on strengthening its finance leadership as it advances its growth strategy as a publicly listed company on Nasdaq.

    Darryl Delwo brings over 28 years of experience to the role and was promoted after serving as Vice President of Finance at Sky Quarry since 2020. Previously, Mr. Delwo served as Chief Financial Officer of Noralta Technologies Inc., an integrated SaaS provider primarily servicing the oil & gas market. Prior to that, Mr. Delwo was Controller and Acting CFO for the start-up company Sulvaris Inc., supporting the venture funding to recommence project construction. He has also served in Controller roles at Black Diamond Energy Services, Wholesale Sports, and Regus Canada. Mr. Delwo holds CPA and CMA designations in Canada, along with a Bachelor of Commerce in Accounting from Athabasca University.

    Cyla Apache brings over six years of controllership experience. She is a motivated leader with a strong background in implementing software and developing efficient workflows. Additionally, Ms. Apache has extensive knowledge of tax law and demonstrates how an accounting department can drive revenue and profitability. She holds an MBA, an MS in Accounting, a CPA designation from the California State Board of Accountancy, and an Enrolled Agent designation from the IRS.

    "After more than four years as VP of Finance, Mr. Delwo's promotion to CFO is a natural step," said David Sealock, CEO of Sky Quarry. "His 28 years of experience and proven leadership will be invaluable as we grow as a Nasdaq-listed company and advance our capital markets strategy. Alongside Ms. Apache's promotion to Vice President of Finance, these leadership additions enhance our ability to drive operational excellence and execute our strategic and financial priorities, all with a focus on value-added growth and commitment to our shareholders."

    About Sky Quarry Inc.

    Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.

    Forward-Looking Statements

    This press release may include ''forward-looking statements.'' All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project," or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company's other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the offering statement filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations

    Chris Tyson

    Executive Vice President

    MZ Group - MZ North America

    949-491-8235

    SKYQ@mzgroup.us

    www.mzgroup.us

    Company Website

    https://investor.skyquarry.com/



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    Q&A

    New
    • What experience does Darryl Delwo bring to his new role as Chief Financial Officer of Sky Quarry?

      Darryl Delwo has over 28 years of experience in finance and accounting, previously serving as Vice President of Finance at Sky Quarry and as CFO at Noralta Technologies Inc.

    • What is the reason behind the recent leadership appointments at Sky Quarry?

      Sky Quarry aimed to enhance its finance leadership, focusing on growth as a publicly listed company on Nasdaq.

    • What qualifications and experience does Cyla Apache bring as the newly promoted Vice President of Finance?

      Cyla Apache has over six years of controllership experience and strong expertise in implementing software and developing efficient workflows, along with extensive knowledge of tax law.

    • What is Sky Quarry Inc.'s mission in the waste management and environmental remediation sectors?

      The company’s mission includes recycling waste asphalt shingles and remediating oil-saturated sands and soils to promote resource efficiency and reduce environmental impact.

    • What do the forward-looking statements in the press release imply about the company's future and risk factors?

      The statement emphasizes that actual results may vary due to various risks and uncertainties, and does not commit to updating forward-looking statements as conditions change.

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