CALGARY, May 27, 2019 /CNW/ – AltaGas Ltd. (AltaGas) (TSX:ALA) announced today the appointment of D. James Harbilas as Executive Vice President and Chief Financial Officer, effective June 10, 2019. Mr. Harbilas will be responsible for AltaGas’ finance, treasury, corporate development and capital market functions.
“The operational and financial priorities for AltaGas remain on track. Key areas of focus for James will be the continued strengthening of our balance sheet, including the completion of our divestiture program,” said Mr. Randy Crawford, President and Chief Executive Officer of AltaGas. “James’ deep background in both energy and utilities, as well as his ability to build and transform functions, made James the perfect fit for the Company.”
“As we continue to focus on executing against our strategic priorities, which includes the further integration of WGL with AltaGas, James’ proven track record in business optimization and integration will be key contributors to long-term shareholder value creation. On behalf of the Board and the broader AltaGas family, we welcome James to the team,” said Mr. Crawford.
“Joining AltaGas to support the strategic plan to unlock the value of its strong asset base is very compelling,” said Mr. Harbilas. “I look forward to starting at AltaGas shortly, and working alongside the leadership team in driving AltaGas forward to realize its full potential.”
Mr. Harbilas will be joining AltaGas from Enerflex Ltd., a Calgary-based, international natural gas services company, where he has served as Executive Vice President and Chief Financial Officer for over 11 years. Prior to his leadership role at Enerflex Ltd., he also served as Vice President, Finance and Chief Financial Officer of Fortis Alberta Inc., a regulated utility. Mr. Harbilas is a Chartered Accountant and holds a Bachelor of Commerce degree from Concordia University.
AltaGas also announced today that Tim Watson, the Company’s current Executive Vice President and Chief Financial Officer, will be leaving the Company. Mr. Watson will remain in his current role until June 9, 2019.
“On behalf of the management team and the Board, I want to thank Tim for his dedicated and unwavering service to AltaGas,” commented Mr. Crawford. “Tim has been a key member of the management team and instrumental in strategic initiatives, including the divestment of approximately $4 billion of assets, as we refocus the Company. We wish Tim the utmost success in future endeavours.”
AltaGas is an energy infrastructure company with a focus on midstream, regulated utilities and power. AltaGas creates value by growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information visit: www.altagas.ca.