Algonquin Power & Utilities Corp. Announces CEO Transition

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[{"type":"text","content":"\n \n \n \n Algonquin Power & Utilities Corp. Announces CEO Transition\n \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 Algonquin Power & Utilities Corp. Announces CEO Transition\n \n \n Canada NewsWire\n \n \n \n \n \n Chris Huskilson Appointed Interim CEO, Succeeding Arun Banskota\n \n \n \n \n Board Commencing Search for a Permanent CEO\n \n \n \n \n \n \n \n \n \n \n \n \n OAKVILLE, ON\n \n \n ,\n \n \n Aug. 10, 2023\n \n \n /CNW/ - Algonquin Power & Utilities Corp. (\"AQN\", \"Algonquin\" or the \"Company\") (TSX: AQN) (NYSE: AQN) today announced that energy industry veteran\n \n Christopher Huskilson\n \n , a member of the Algonquin Board of Directors (the \"Board\") since 2020, has been appointed Interim Chief Executive Officer, effective immediately. He succeeds\n \n Arun Banskota\n \n , who has stepped down as President and Chief Executive Officer and as a member of the Board, effective immediately.\n \n \n The Board has engaged a nationally recognized search firm to commence a search process to identify a permanent Chief Executive Officer.\n \n \n \"As AQN prepares to pursue a sale of its renewables business and move forward as a pure-play regulated utility company, the Board of Directors has determined that now is the right time to transition leadership,\" said\n \n Kenneth Moore\n \n , Chair of the Algonquin Board of Directors. \"Chris has a record of driving significant growth in the energy industry, and he knows AQN and our business well from his tenures on the AQN Board. As we conduct a search for a permanent CEO, we are confident that Chris will ensure a smooth transition while we pursue a sale of the renewables business and position AQN's utility business for its next phase of standalone growth and value creation.\"\n \n \n \n Kenneth Moore\n \n continued, \"On behalf of everyone at AQN, I want to thank Arun for his leadership and contributions throughout his tenure. Arun guided AQN through the pandemic and built on the legacy of AQN's founders over his three years as CEO, and we wish him the...

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