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."
ABOUT ALTAGAS
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:
Jon Morrison
Senior
Vice President, Corporate Development and Investor Relations
Jon.Morrison@altagas.ca
Adam McKnight
Director, Investor Relations
Adam.McKnight@altagas.ca
Investor Inquiries
1-877-691-7199
investor.relations@altagas.ca
Media Inquiries
1-403-206-2841
media.relations@altagas.ca
FORWARD-LOOKING INFORMATION
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.