Algonquin Power & Utilities Corp. Announces Upcoming Departure of Chief Financial Officer
14 Januar 2025 - 11:00PM
Business Wire
Replacement search to be conducted as Darren
Myers elects to pursue another leadership opportunity
Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) (“AQN” or
the “Company”) announced today the upcoming departure of Chief
Financial Officer Darren Myers.
“Today I accepted Darren’s resignation as he is pursuing another
opportunity,” said Chris Huskilson, Chief Executive Officer of AQN.
“Darren will remain as CFO through the reporting of the Company’s
fourth quarter 2024 results. Darren joined in August 2022 and has
been an important part of the team that steered the Company through
its strategic review and the sale of its renewables business. I
want to thank Darren for his tremendous contributions to our
transformation from a hybrid business to a pure-play regulated
utility. We wish him well and will commence a search
immediately.”
“It has been a privilege to work alongside Chris and my fellow
AQN colleagues. I am proud of our collective accomplishments
together,” said Darren Myers. “Algonquin has taken significant
steps towards becoming a simpler, more focused regulated utility
that is well-positioned for the future.”
Mr. Myers is committed to working with AQN’s management team in
an effort to provide a smooth transition. The Company will
undertake a search for his replacement.
About Algonquin Power & Utilities Corp. and
Liberty
Algonquin Power & Utilities Corp., parent company of
Liberty, is a diversified international generation, transmission,
and distribution utility. AQN is committed to providing safe,
secure, reliable, cost-effective, and sustainable energy and water
solutions through its portfolio of generation, transmission, and
distribution utility investments to over one million customer
connections, largely in the United States and Canada. AQN's common
shares, preferred shares, Series A, and preferred shares, Series D
are listed on the Toronto Stock Exchange under the symbols AQN,
AQN.PR.A, and AQN.PR.D, respectively. AQN's common shares and
Series 2019-A subordinated notes are listed on the New York Stock
Exchange under the symbols AQN and AQNB, respectively.
Visit AQN at www.algonquinpower.com and follow us on X.com
@AQN_Utilities.
Caution Regarding Forward-Looking Information
Certain statements included in this news release constitute
‘‘forward-looking information’’ within the meaning of applicable
securities laws in each of the provinces and territories of Canada
and the respective policies, regulations and rules under such laws
and ‘‘forward-looking statements’’ within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995 (collectively,
‘‘forward-looking statements”). The words “will”, “expects” (and
grammatical variations of such terms) and similar expressions are
often intended to identify forward-looking statements, although not
all forward-looking statements contain these identifying words.
Specific forward-looking statements in this news release include,
but are not limited to, statements regarding the Company’s search
for a new Chief Financial Officer. These statements are based on
factors or assumptions that were applied in drawing a conclusion or
making a forecast or projection, including assumptions based on
historical trends, current conditions and expected future
developments. Since forward-looking statements relate to future
events and conditions, by their very nature they require making
assumptions and involve inherent risks and uncertainties. AQN
cautions that although it is believed that the assumptions are
reasonable in the circumstances, these risks and uncertainties give
rise to the possibility that actual results may differ materially
from the expectations set out in the forward-looking statements.
Forward-looking statements contained herein are provided for the
purposes of assisting in understanding the Company and its plans
relating to the future and such information may not be appropriate
for other purposes. Material risk factors and assumptions include
those set out in AQN's Annual Information Form and Annual
Management Discussion and Analysis for the year ended December 31,
2023, and Management Discussion and Analysis for the three and nine
months ended September 30, 2024, each of which is available on
SEDAR+ and EDGAR. Given these risks, undue reliance should not be
placed on these forward-looking statements, which apply only as of
their dates. Other than as specifically required by law, AQN
undertakes no obligation to update any forward-looking statements
to reflect new information, subsequent or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250114234606/en/
Investor Inquiries: Brian Chin Vice President, Investor
Relations Algonquin Power & Utilities Corp. E-mail:
InvestorRelations@APUCorp.com Telephone: (905) 465-4500
Media Inquiries: Stephanie Bose Director, Corporate
Communications Liberty E-mail:
Corporate.Communications@libertyutilities.com Telephone: (905)
465-4500
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