OAKVILLE, ON, Oct. 9, 2020 /PRNewswire/ - Algonquin
Power & Utilities Corp. ("APUC" or the "Company") (TSX: AQN)
(NYSE: AQN) announced today that Christopher Jarratt will retire as Vice-Chair of
the Company effective November 30,
2020. Mr. Jarratt's retirement is part of the Board's
long-term senior leadership succession plan. As part of his
transition, Mr. Jarratt has also retired from the Company's
Board.
"Chris was a co-founder of the organization over thirty years
ago and has played an instrumental role in the growth of the
company to the large diversified utility company that it is today,"
said APUC Chairman Ken Moore. "Chris
has worked closely with Algonquin's CEO, Arun Banskota, to support the continuance of the
Company's entrepreneurial spirit, track record of delivering growth
and building long term shareholder value."
Mr. Jarratt co-founded the Company in 1988 and built on the
Company's roots as a small hydroelectric generator to create a
large diversified utility company with over $11 billion of total assets.
"I am immensely grateful for Chris' leadership and all the
contributions he has made over the years, and in particular the
assistance he has provided to me personally, and wish him well in
his future endeavors," stated APUC CEO Arun
Banskota. "I am excited about continuing to lead Algonquin
into a new chapter of growth building upon Algonquin's success
delivering mission critical utility services and renewable energy
solutions."
About Algonquin Power & Utilities Corp., Liberty
Utilities, Liberty Power
APUC
is a diversified international generation, transmission and
distribution utility with approximately U.S.$ 11 billion of total assets. Through its two
business groups, Liberty Utilities and Liberty Power, APUC is committed to providing
safe, reliable and cost effective rate-regulated natural gas,
water, and electricity generation, transmission and distribution
utility services 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 strives to deliver continuing 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 applicable
securities laws in the United
States, including Section 27A of the U.S. Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended (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 Company's ability to
continue to deliver growth, services, solutions and 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's 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.