CALGARY, Alberta – In a strategic move to bolster its executive team for accelerated growth, Eavor Technologies Inc. has announced the appointment of David Broshko as its new Chief Financial Officer. The Calgary-based geothermal technology company made the formal announcement on January 22, 2026, signaling a significant step in its expansion plans within the renewable energy sector.
Seasoned Financial Leader Joins Clean Energy Innovator
David Broshko brings more than twenty-five years of extensive financial leadership experience within the energy industry to his new role at Eavor Technologies. His distinguished career includes serving as Chief Financial Officer for several prominent public and private equity-backed organizations, where he developed a reputation for guiding exploration and production businesses through complex strategic transitions.
Impressive Track Record in Energy Sector
Broshko's executive portfolio includes significant leadership positions at Paramount Resources Ltd., Acclaim Energy Trust, Ridgeback Resources Inc., and the CanEra group of companies. Throughout his career, he has demonstrated exceptional skill in capital optimization, strategic restructuring, and successful acquisition initiatives that have consistently created substantial value for stakeholders.
Most recently, Broshko served as President and Chief Financial Officer of Ridgeback Resources Inc. from 2017 through 2023, overseeing the company's operations until its successful sale to Saturn Oil & Gas Inc. in February 2023. Prior to this role, he held President/CFO and CFO positions across the CanEra group of companies, including CanEra Inc. (2014–2017) and CanEra Energy Corp. (2011–2014), with both organizations achieving successful exits to larger public energy companies.
Executive Leadership Strengthened for Growth Phase
Mark Fitzgerald, President and Chief Executive Officer of Eavor Technologies, expressed enthusiasm about Broshko's appointment, stating, "We are fortunate to be welcoming David to Eavor at this exciting time of growth and market expansion. David brings deep expertise across debt and equity markets, governance, and enterprise transformation, and we greatly value the experience and leadership he adds to our team."
Fitzgerald emphasized that Broshko's arrival comes at a pivotal moment for the company as it prepares to scale its innovative geothermal technology solutions globally. The appointment reflects Eavor's commitment to building a senior leadership team capable of navigating the complex financial landscape of the rapidly evolving clean energy market.
Professional Credentials and Educational Background
David Broshko holds impressive professional qualifications, including designation as a Chartered Professional Accountant and Chartered Director. He earned his Bachelor of Commerce degree from the University of Saskatchewan, providing him with a strong educational foundation for his financial leadership career.
Throughout his executive journey, Broshko has developed a distinguished reputation for building and leading high-performing management teams, particularly within private equity-backed organizations. His expertise spans multiple aspects of corporate finance, strategic planning, and organizational development within the energy sector.
About Eavor Technologies Inc.
Eavor Technologies Inc., pronounced "Ever," represents a next-generation geothermal technology company with a mission to create clean, reliable, and affordable energy solutions on a global scale. The company's innovative Eavor-Loop™ technology represents what the company describes as the world's first truly scalable form of clean, dispatchable, baseload capable, and flexible heat and power generation.
The Eavor-Loop system operates by circulating a benign working fluid through a massive subsurface radiator in a completely closed-loop configuration. This innovative approach collects heat from the Earth's natural geothermal gradient via conduction while mitigating or eliminating many of the traditional challenges that have historically hindered broader geothermal energy adoption.
Eavor Technologies has attracted significant investment support from leading global energy producers, investors, developers, and venture capital funds. The company's investor roster includes prominent names such as Vickers Venture Partners, bp Ventures, Chubu Electric Power, BDC Capital, Temasek, BHP Ventures, OMV, Canada Growth Fund, Kajima Corporation, and Microsoft Climate Innovation Fund.
The appointment of David Broshko as Chief Financial Officer positions Eavor Technologies with enhanced financial leadership as the company continues to advance its mission of transforming the global energy landscape through innovative geothermal solutions. With his extensive experience in both public and private energy companies, Broshko is expected to play a crucial role in guiding Eavor through its next phase of strategic growth and market expansion.
