OAKVILLE, ON, Sept. 18, 2020 /CNW/ - Algonquin Power &
Utilities Corp. ("APUC," "Algonquin" or the "Company") (TSX: AQN)
(NYSE: AQN) announced today the appointment of Arthur Kacprzak as Chief Financial Officer
("CFO"), assuming the role upon the retirement of CFO David
Bronicheski. This transition is part of a multi-year
initiative that was undertaken by APUC's Board of Directors to
support a smooth shift to new leadership while maintaining the
Company's strong track record of growth and delivering long-term
shareholder value.
Mr. Bronicheski has been transitioning the CFO accountabilities
to Mr. Kacprzak since early in the year when the pending retirement
was first announced and Mr. Kacprzak was named Senior Vice
President and Deputy Chief Financial Officer. Mr. Kacprzak
joined Algonquin in 2012, and has led the Company's Treasury
function. Through the course of his career, he has gained more than
20 years of experience in corporate finance, treasury, accounting,
taxation and management consulting.
Mr. Kacprzak holds a Bachelors of Commerce degree from the
University of Toronto and a Global
Professional Master of Laws degree from the University of Toronto Faculty of Law. He is a
Chartered Accountant as well as a CFA Charterholder.
"I am extremely pleased to welcome Arthur into the CFO role,"
said Arun Banskota, President &
Chief Executive Officer of Algonquin. "At $11 billion in assets, Algonquin is one of
North America's fastest growing
utilities, a global leader in renewable energy solutions, and a
member of the blue chip TSX60 index. David's strong leadership and
finance expertise over the last twelve years has contributed hugely
to that success. We are immensely grateful for David's many
contributions to Algonquin, and wish him much happiness in his
retirement. I have full confidence that Arthur will continue
the tradition of strong financial leadership and balance sheet
management that has contributed over the years to Algonquin's
long-term success."
About Algonquin Power & Utilities Corp., Liberty
Utilities, Liberty Power
APUC is a diversified international generation, transmission and
distribution utility with approximately U.S. $11 billion of total assets. Through its two
business groups, Liberty Utilities and Liberty Power, APUC is committed to providing
secure, safe, reliable, cost-effective, and sustainable energy and
water solutions through our portfolio of rate-regulated natural
gas, water, and electricity generation, transmission and
distribution utility investments to approximately
807,000 connections in the United
States and Canada. APUC is a global leader in
renewable energy through its portfolio of long-term contracted
wind, solar and hydroelectric generating facilities representing
over 2 GW of installed capacity and more than 1.6 GW of incremental
renewable energy capacity under construction.
APUC is committed to delivering growth and the pursuit of
operational excellence in a sustainable manner through an expanding
global pipeline of renewable energy, electric transmission, and
water infrastructure development projects, organic growth within
its rate-regulated generation, distribution, and transmission
businesses, and the pursuit of accretive acquisitions.
APUC's common shares, Series A preferred shares, and Series D
preferred shares are listed on the Toronto Stock Exchange under the
symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. APUC's common
shares, Series 2018-A subordinated notes and Series 2019-A
subordinated notes are listed on the New York Stock Exchange under
the symbols AQN, AQNA and AQNB, respectively.
Visit APUC at www.algonquinpowerandutilities.com and
follow us on Twitter @AQN_Utilities.
Caution Regarding Forward-Looking Information
Certain written statements included herein constitute
"forward-looking information" within the meaning of applicable
securities laws in each of the provinces of Canada and the respective policies,
regulations and rules under such laws and "forward-looking
statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 (collectively, "forward-looking
statements"). The words "will", "expects", "intends", "plans",
"should" and similar expressions are often intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Specific
forward-looking statements contained herein include, but are not
limited to statements regarding the expectations regarding the CFO
transition and the expected performance of APUC, including the
delivery of long-term shareholder value. These statements are based
on factors or assumptions that were applied in drawing a conclusion
or making a forecast or projection, including assumptions based on
historical trends, current conditions and expected future
developments. Since forward-looking statements relate to future
events and conditions, by their nature they rely upon assumptions
and involve inherent risks and uncertainties. APUC cautions that
although it is believed that the assumptions are reasonable in the
circumstances, actual results may differ materially from the
expectations set out in the forward-looking statements. Material
risk factors and assumptions include those set out in APUC's most
recent annual and interim Management Discussion and Analysis and
most recent Annual Information Form, filed with securities
regulatory authorities in Canada
and the United States. Given these
risks, undue reliance should not be placed on these forward-looking
statements, which apply only as of their dates. Other than as
specifically required by law, APUC undertakes no obligation to
update any forward-looking statements to reflect new information,
subsequent or otherwise.
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SOURCE Algonquin Power & Utilities Corp.