AltaGas Ltd. Announces Chief Financial Officer Succession Plan
CALGARY, ALBERTA--(Marketwired - July 29, 2015) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that Deborah S. Stein has notified AltaGas of her intention to retire on March 31, 2016 after 11 years of dedicated service. AltaGas is pleased to announce that Tim Watson will be appointed Executive Vice President and Chief Financial Officer, effective November 1, 2015.
As part of the transition plan, Ms. Stein will step down as Senior Vice President Finance and Chief Financial Officer effective October 31, 2015 and assume the new role of Executive Vice President until her retirement.
"Debbie's knowledge, strong work ethic and commitment to excellence, have been greatly appreciated over the years. I am very thankful for her many contributions which have been invaluable to the organization and the growth we have achieved. I wish her all the best during her pending retirement and in her future endeavours," said David Cornhill, Chairman and CEO of AltaGas.
Tim Watson joined AltaGas in March 2015 as Executive Vice President and has been leading business development initiatives. Previously he was with Bank of America Merrill Lynch where he held the position of Head and Managing Director, Canadian Energy and Power Investment Banking. Tim is a Chartered Financial Analyst with 25 years' experience in the banking industry.
"Tim brings to AltaGas extensive knowledge of the energy industry and of global financial markets," said Mr. Cornhill. "We are pleased to have strong succession candidates in place allowing us to ensure seamless transitions. Tim's breadth and depth of experience will ensure we maintain our strong financial position and continued focus on profitable growth."
AltaGas is an energy infrastructure business with a focus on natural gas, power and regulated utilities. AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information visit: www.altagas.ca
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