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Algonquin Power & Utilities Corp. Advances Leadership Succession Plan
Algonquin Power & Utilities Corp. Advances Leadership Succession Plan Algonqui...
About this update from Algonquin Power & Utilities Corp.
[{"type":"text","content":"\n\n\n\nAlgonquin Power & Utilities Corp. Advances Leadership Succession Plan\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nAlgonquin Power & Utilities Corp. Advances Leadership Succession Plan\nCanada NewsWire\nOAKVILLE, ON, Feb. 5, 2020\n\n\n\nArun Banskota is Appointed President\nThis news release constitutes a \"designated news release\" for the purposes of the Company's prospectus supplement dated February 28, 2019 to its short form base shelf prospectus dated September 18, 2018.\n OAKVILLE, ON, Feb. 5, 2020 /CNW/ - Algonquin Power & Utilities Corp. (\"APUC\" or \"the Company\") (TSX/NYSE: AQN) announced today the appointment of Arun Banskota to the newly-created position of President.  Mr. Banskota will work closely with Chief Executive Officer Ian Robertson and other members of the Executive Team to transition into the role of Chief Executive Officer in 2020.\nThe APUC Board of Directors and Mr. Robertson recognize the importance of succession planning and view the appointment of Arun Banskota as a natural progression for the Company's continued success and growth.  \n\"Arun brings to APUC a unique combination of experience in renewable energy development, construction, financing, energy marketing and operations, with proven P&L responsibility and a results-driven leadership style,\" said APUC Chairman Ken Moore. \"This experience, together with his hands-on knowledge of the role of disruptive technology innovation in the marketplace, puts APUC in a very strong position to build on the outstanding growth and financial performance achieved over the past three decades.\"\nMr. Banskota was previously Managing Director, Global Power, El Paso Corporation, where he had P&L responsibility for a 6,500 MW global portfolio of 32 power plants, project development and approximately 10,000 employees. He was also on the leadership team for a large-scale solar power company and has successfully managed project development and financing for solar, wind, and natural gas projects.  Mr. Banskota served as Presiden...