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Algonquin Power names insider Brian Chin as interim CFO
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Algonquin Power names insider Brian Chin as interim CFO
Feb 14, 2025 3:39 PM

Feb 14 (Reuters) - Algonquin Power & Utilities ( AQNB )

said on Friday it had named insider Brian Chin as interim CFO as

the company overhauls its leadership after coming under pressure

from activist investor Starboard Value.

Chin, Algonquin's vice president of investor relations,

joined the company in 2021 and has over two decades of

experience in the utilities industry. His appointment is

effective March 7.

The company recently replaced Chris Huskilson as CEO

with industry veteran Rod West, who takes over the helm on the

same day.

Starboard Value, which is the company's biggest

shareholder, and other activist investors have been forcing the

company to cut debt, boost earnings and shed renewable assets.

Last year, the company said it would sell its renewable

energy business, excluding the hydropower operations, to a unit

of U.S.-based LS Power for up to $2.5 billion and would also

offload a 42.2% stake in Atlantica Sustainable Infrastructure to

Energy Capital Partners for $2.56 billion.

In January, the utility firm said CFO Darren Myers would

step down after seeing through the reporting of the company's

fourth-quarter results.

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