01:50 PM EST, 11/06/2025 (MT Newswires) -- TransAlta ( TAC ) on Thursday said Chief Financial Officer Joel Hunter will be promoted to the role of chief executive after John Kousinioris, its current CEO, retires effective April 30, 2026.

Hunter be will be nominated to join the board effective April 30. Kousinioris agreed to serve as a strategic advisor to Hunter and the board for a period of six months following his retirement.

The company said its CFO successor will be announced in the coming months.

TransAlta ( TAC ) earlier Thursday, reported its loss widening and revenue dropping in the third quarter.

Shares of the company were last seen down $3.465 to $20.335 on the Toronto Stock Exchange.

Price: 20.38, Change: -3.42, Percent Change: -14.37