ALTAGAS ANNOUNCES NEW INDEPENDENT DIRECTOR
CALGARY, AB, Aug. 16, 2023 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) announces the appointment of a new Independent Director, Angela Lekatsas, effective September 1, 2023, which will increase the board of directors (the "Board") size to 11 directors. Ms. Lekatsas will also serve as a member of AltaGas' Audit Committee.
Ms. Lekatsas is a recently retired executive with over two decades of broad industry and corporate finance experience. Most recently, she served as President and CEO of Cervus Equipment Corporation ("Cervus") until its acquisition in late 2021, providing agriculture, transportation and industrial equipment solutions across Canada, Australia and New Zealand. Prior to her appointment as President and CEO, Ms. Lekatsas served as an Independent Director of Cervus, including Chair of its Audit Committee. Previously, Angela was a senior executive with Nutrien Ltd. ("Nutrien"), and its predecessor company Agrium Inc., for 15 years, where she held various roles spanning Corporate Development, Operations, Finance and Risk. Prior to Nutrien, Ms. Lekatsas worked in public practice accounting with a focus on financial institutions, large transactions and cross border listed companies. Ms. Lekatsas currently serves on the Board of Directors of Baytex Energy Corp., where she is a member of its Audit Committee and Nominating and Governance Committee. Ms. Lekatsas has a Bachelor of Commerce Degree from the University of Saskatchewan, is a Chartered Professional Accountant, and holds the ICD.D designation from the Institute of Corporate Directors.
"On behalf of the Board of Directors, I am pleased to welcome Angela to our Board", stated Pentti Karkkainen, Chair of the Board of AltaGas. "Angela's strong background will complement our Board and we believe her strategic depth, wealth of experience across a wide range of organizational functions, international knowledge, and collaborative leadership style will benefit the organization and our stakeholders."
AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The Company operates a diversified, lower-risk, high-growth Utilities and Midstream business that is focused on delivering resilient and durable value for its stakeholders.
For more information visit www.altagas.ca or reach out to one of the following:
Senior Vice President, Corporate Development and Investor Relations
Director, Investor Relations
This news release contains forward-looking information (forward-looking statements). Words such as "may", "can", "would", "could", "should", "likely", "will", "intend", "plan", "anticipate", "believe", "aim", "seek", "future", "commit", "propose", "contemplate", "estimate", "focus", "strive", "forecast", "expect", "project", "potential", "target", "guarantee", "objective", "continue", "outlook", "guidance", "growth", "long-term", "vision", "opportunity" and similar expressions suggesting future events or future performance, as they relate to AltaGas or an affiliate of AltaGas, are intended to identify forward-looking statements. Specifically, such forward-looking statements included in this document include, but are not limited to, statements with respect to the following: the benefits to the organization and our stakeholders of appointing certain directors, the future composition and attributes of AltaGas' Board and AltaGas' business strategy and focus.
AltaGas' forward-looking statements are subject to certain risks and uncertainties which could cause actual results or events to differ materially from current expectations, including, without limitation those factors discussed under the heading "Risk Factors" in AltaGas' AIF for the year ended December 31, 2022. Readers are cautioned not to put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. Many factors could cause AltaGas' actual results, performance or achievements to vary materially from those described in this news release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release as, planned or expected, and such forward-looking statements included in this news release, should not be unduly relied upon. The impact of any one assumption, risk, uncertainty or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent, and AltaGas' future decisions and actions will depend on management's assessment of all information at the relevant time. Such statements speak only as of the date of this news release. AltaGas does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. The forward-looking statements contained in this news release are expressly qualified by these cautionary statements.
Additional information relating to AltaGas, including the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to AltaGas' quarterly and annual MD&A and Consolidated Financial Statements, AIF, and press releases are available through AltaGas' website at www.altagas.ca or through SEDAR+ at www.sedarplus.ca.
SOURCE AltaGas Ltd.