AltaGas, has appointed Vern Yu, the current CFO of Enbridge, as its new President and CEO.

AltaGas Ltd. stock

AltaGas Ltd Stock Forecast:

Based on the AltaGas Ltd stock forecast from 13 analysts, the average analyst target price for AltaGas Ltd is CAD 30.57 over the next 12 months. AltaGas Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of AltaGas Ltd is Neutral, which is based on 9 positive signals and 8 negative signals. At the last closing, AltaGas Ltd’s stock price was CAD 23.29AltaGas Ltd’s stock price has changed by -1.73% over the past week, +2.87% over the past month and -20.19% over the last year.

AltaGas Ltd. News:

AltaGas, has announced that it has appointed Vern Yu, the current CFO of Enbridge, as its new President and CEO. The appointment will take effect from July 1, 2023.

This announcement comes after the current CEO, Randy Crawford, announced his intention to retire. Crawford has been with the company since 2010 and has played a significant role in leading AltaGas’s growth and transformation during his tenure.

Vern Yu brings with him a wealth of experience and expertise in the energy industry, having worked in various leadership positions at Enbridge since 1995. As CFO, he played a key role in executing Enbridge’s strategic initiatives and managing its financial operations.

In a statement, AltaGas Chair and Interim CEO, Pentti Karkkainen, said, “We are delighted to welcome Vern Yu to AltaGas. He is a proven leader with extensive experience in the energy industry and a track record of delivering results. We believe that he is the ideal person to lead AltaGas as we continue to execute our growth strategy and create long-term value for our shareholders.”

Yu’s appointment comes at a critical time for AltaGas as the company continues to focus on its growth strategy, which includes expanding its natural gas, power, and utilities businesses. In a statement, Yu said, “I am excited to join AltaGas and to work with the talented team to build on the company’s success and drive growth. I believe that the company has a strong foundation, and I look forward to leading the team as we execute our strategy and create value for our shareholders.”

 

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