Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Algonquin Power & Utilities Corp.    AQN   CA0158571053


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Algonquin Power & Utilities Corp. : Appoints Arthur Kacprzak as Chief Financial Officer

share with twitter share with LinkedIn share with facebook
09/18/2020 | 06:02pm EDT

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.

View original content:http://www.prnewswire.com/news-releases/algonquin-power--utilities-corp-appoints-arthur-kacprzak-as-chief-financial-officer-301134070.html

SOURCE Algonquin Power & Utilities Corp.

© Canada Newswire, source Canada Newswire English

share with twitter share with LinkedIn share with facebook
10/21ALGONQUIN POWER & UTILITIES CORP. : Announces Dates for Third Quarter 2020 Finan..
10/20ALGONQUIN POWER & UTILITIES CORP. : Announces Dates for Third Quarter 2020 Finan..
10/20ALGONQUIN POWER & UTILITIES : Completes ESSAL Acquisition
10/19ALGONQUIN POWER & UTILITIES : Completes ESSAL Acquisition
10/09ALGONQUIN POWER & UTILITIES : Announces Retirement of Vice-Chair Christopher Jar..
10/05ALGONQUIN POWER & UTILITIES CORP. : reports ESG goal progress
10/02ALGONQUIN POWER & UTILITIES CORP. : reports ESG goal progress
09/29ALGONQUIN POWER & UTILITIES CORP. : Ex-dividend day for
09/18ALGONQUIN POWER & UTILITIES CORP. : Appoints Arthur Kacprzak as Chief Financial ..
09/14ALGONQUIN POWER & UTILITIES CORP. : Agrees to Acquire Interest in Chilean Water ..
More news
Financials (USD)
Sales 2020 1 732 M - -
Net income 2020 427 M - -
Net Debt 2020 4 388 M - -
P/E ratio 2020 23,0x
Yield 2020 4,02%
Capitalization 9 168 M 9 213 M -
EV / Sales 2020 7,83x
EV / Sales 2021 7,15x
Nbr of Employees 2 469
Free-Float 99,8%
Duration : Period :
Algonquin Power & Utilities Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALGONQUIN POWER & UTILITIES CORP.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 14,41 $
Last Close Price 15,48 $
Spread / Highest target -2,05%
Spread / Average Target -6,93%
Spread / Lowest Target -16,9%
EPS Revisions
Arun Banskota President & Chief Executive Officer
Kenneth Moore Chairman
Johnny Johnston Chief Operating Officer
Arthur Kacprzak Chief Financial Officer
Christopher J. Ball Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SEMPRA ENERGY-13.31%37 986
ENGIE-22.85%31 683
E.ON SE-0.59%29 173
RWE AG20.99%26 443