07:35 AM EDT, 03/25/2024 (MT Newswires) -- Northland Power Inc. ( NPIFF ) earlier Monday announced that Mike Crawley, Northland's President and CEO, and the Board of Directors, have agreed to a change in leadership for the company. Crawley, after leading Northland for the past six years, will be stepping down from his role.

Under the succession plan, Crawley will remain with Northland until September 30, 2024. John Brace, Chair of the Board, has been appointed Executive Chair and will act as a bridge between Crawley and the next President & CEO as part of the transition.

As Executive Chair, Brace will use his prior experience as Northland's CEO from 2003 to 2018 where he was responsible for the company's development of its efficient natural gas fleet and the expansion into offshore wind and onshore renewables. Ian Pearce, Chair of the Governance and Nominating Committee, has been appointed Lead Independent Director.

After the appointment of a new President & CEO, Brace is expected to return to his position as Non-Executive Board Chair. Pearce will remain as Lead Independent Director.