CALGARY, AB, Aug. 18, 2021 /CNW/ - ATCO Ltd. (TSX: ACO.X)
(TSX: ACO.Y) / Canadian Utilities Limited (TSX: CU)
(TSX: CU.X)
It is with profound sadness, ATCO today announced that
Dennis A. DeChamplain, who held the
role of Executive Vice President and Chief Financial Officer of
both ATCO Ltd. and Canadian Utilities Limited, passed away
Monday, August 16, suddenly and
unexpectedly from coronary failure.
"Our entire ATCO family, including the Boards of Directors,
executive and employees around the world, mourn the loss of Dennis
and send our heartfelt condolences and thoughts to Dennis' family
and friends," said Nancy Southern,
Chair & Chief Executive Officer of ATCO & Canadian
Utilities. "Throughout his almost 30 years at ATCO, Dennis proved
to be an energetic and principled leader. His expertise and
resourcefulness in finance, accounting, sustainability and
environment have left an indelible mark on our organization and
helped position us for success in a rapidly evolving world. We will
miss his insightful perspectives, positive outlook and his sense of
humour."
Through its succession planning practices ATCO has developed
substantial depth in its executive teams, including a number of
talented financial leaders who will continue to oversee and
progress ATCO's financial strategy. As such, the ATCO and Canadian
Utilities Boards of Directors have approved the appointment of
Brian Shkrobot as Interim Senior
Vice President & Chief Financial Officer of ATCO and Canadian
Utilities. "I am confident Mr. Shkrobot will provide our companies
with effective continuity and sound financial oversight given his
deep knowledge of our businesses," added Ms. Southern.
Mr. Shkrobot joined ATCO in 2000 as Corporate Accountant and
over the past 21 years has held progressively senior financial,
regulatory and business planning positions. Most recently he was
Senior Vice President, Finance & Regulatory, overseeing all
financial and regulatory matters for ATCO's Natural Gas and
Electric utilities divisions in Alberta and Canada's North and advancing a number of
enterprise-wide finance, governance and audit initiatives. Prior to
this role, he was the Senior Financial Officer for our Utilities
businesses, responsible for the financial management of natural
gas, electricity, storage & liquids and power generation. Mr.
Shkrobot holds a Bachelor of Commerce degree from the University of Alberta. He is a Chartered
Professional Accountant and a member of the Society of Certified
Management Accountants of Alberta.
Ms. Southern, Chair & Chief Executive Officer of ATCO &
Canadian Utilities, together with the Governance, Succession and
Nomination committee will undertake a process to appoint a
permanent CFO.
With approximately 6,200 employees and assets of $22 billion, ATCO is a diversified global
corporation with investments in the essential services of
Structures & Logistics (workforce and residential housing,
innovative modular facilities, construction, site support services,
workforce lodging services, facility operations and maintenance,
defence operations services, and disaster and emergency management
services); Utilities (electricity and natural gas transmission and
distribution, and international electricity operations); Energy
Infrastructure (electricity generation, energy storage and
industrial water solutions); Retail Energy (electricity and natural
gas retail sales); Transportation (ports and transportation
logistics); and Commercial Real Estate. More information can be
found at www.ATCO.com.
Investor and Media Inquiries:
Nancy Southern
Chair & Chief Executive Officer, ATCO & Canadian
Utilities
403 292 7434
Forward-Looking Information:
Certain
statements contained in this news release may constitute
forward-looking information. Forward-looking information is often,
but not always, identified by the use of words such as
"anticipate", "plan", "estimate", "expect", "may", "will",
"intend", "should", and similar expressions.
Forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking information.
The Company's actual results could differ materially from
those anticipated in this forward-looking information as a result
of regulatory decisions, competitive factors in the industries in
which the Company operates, prevailing economic conditions
(including as may be affected by the COVID-19 pandemic), and other
factors, many of which are beyond the control of the
Company.
The Company believes that the expectations reflected in the
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied
upon.
Any forward-looking information contained in this news
release represents the Company's expectations as of the date
hereof, and is subject to change after such date. The Company
disclaims any intention or obligation to update or revise any
forward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable
securities legislation.
SOURCE ATCO Ltd.