Business
After 25 Years AltaGas Founder and Chairman Steps Down from Chairman Role
After 25 Years AltaGas Founder and Chairman Steps Down from Chairman Role Canada N...
About this update from Altagas Ltd.
[{"type":"text","content":"\n\n\n\nAfter 25 Years AltaGas Founder and Chairman Steps Down from Chairman Role\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\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, March 21, 2019\n\n\n\nCALGARY, March 21, 2019 /CNW/ - AltaGas Ltd. (AltaGas) (TSX:ALA) announced today that after careful consideration, David Cornhill, Founder of AltaGas and Chairman, has elected to step down on April 1, 2019 from the Chairman position. The new Chair, Pentti Karkkainen has been appointed by the Board of Directors, effective April 2. Mr. Cornhill will remain on the Board, ensuring an orderly transition and continuity.  \n\"After being completely dedicated to the development and growth of AltaGas for the past 25 years, I have decided to make time to pursue other interests and opportunities,\" stated David Cornhill, Founder and Chairman of AltaGas. \"With Randy Crawford, our new President and CEO being well-established, I felt this also affords AltaGas the opportunity to appoint a new Chair of the Board.\n\"I have total confidence that Pentti and Randy will deliver a bright future for AltaGas,\" continued Mr. Cornhill. \"I plan to continue to maintain significant holdings in AltaGas shares. I expect Randy, with the rest of the management team, will respect and continue to evolve the unique culture at AltaGas and deliver strong returns for shareholders.\"\nMr. Karkkainen has more than 30 years of investment management, energy sector research and investment banking experience. Mr. Karkkainen was a co-founder and General Partner of KERN Partners, a leading Canadian, energy-focused capital markets and private equity firm, from 2000 to 2014, and was the firm's Senior Strategy Advisor from 2014 until his retirement from the firm in 2015. Prior thereto, Mr. Karkkainen was the Managing Director and Head of Oil and Gas Equity Research at RBC Capital Markets.\n\"As incoming Chair, I am focused on maintaining the highest levels of corporate governance and independent oversight,\" said Pentti Karkkainen. \"I look forward to working with the Board, Randy and the rest of his management team to realize th...