CALGARY, Oct. 15, 2014 /PRNewswire/ - Pembina Pipeline
Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA)
today announced several management changes. As previously disclosed
in September 2013, Peter Robertson, Pembina's Chief Financial
Officer ("CFO"), plans to retire at the end of 2014 after 30 years
of service with the Company. Pembina is pleased to announce that
Scott Burrows, Pembina's current
Vice President ("VP") of Capital Markets, will succeed Peter as VP,
Finance and CFO effective January 1,
2015.
"Peter has had a tremendous career at Pembina," says
Randy Findlay, Chairman of the
Board. "On behalf of the Board of Directors, management and
Pembina's employees, I'd like to thank Peter for his
contributions."
Peter joined Pembina in 1985 and has held the position of CFO
since January 2000.
As CFO, Scott will oversee the Company's financial operations,
investor relations, treasury, tax, corporate planning, corporate
development and capital market financings.
Scott has significant experience in the energy industry and has
provided leadership in the areas of investor relations, strategic
development and planning, acquisitions and divestitures and public
and private financings. Scott joined Pembina in 2010 and prior to
Pembina spent several years in energy focused investment banking.
Scott has a Bachelor of Commerce Degree (Finance) from the
University of British Columbia and
holds a Chartered Financial Analyst designation.
"Scott has been working directly for Pembina in increasing areas
of responsibilities for the past four years. Prior to this, Scott
had a long and deep working relationship with senior management and
the board of directors through his previous finance career," says
Mick Dilger, Pembina's President and
Chief Executive Officer. "Scott has been a valued member of the
executive team and contributed to many of the Company's major
milestones."
In addition to Scott's appointment, Pembina is announcing the
following changes to its Executive team, effective October 15, 2014:
- Mike Hantzsch, Pembina's VP of
Oil Sands & Heavy Oil will be retiring effective December 31, 2014 and as such, will stay on as
Executive Advisor until his departure. Andy Gruzsecki, currently
Pembina's VP, Business Development, will succeed Mike.
- Eric Dyck will take on the role
of VP, Marine Terminals as the Company transitions this project
from a business development opportunity and into a consultation and
construction project.
- Brad Smith will join Pembina's
Executive team as its VP, Operating Services. Brad joined Pembina
in 2004 and has been involved in the planning related to its
pipeline systems expansions.
For additional information, including full biographies, please
see Pembina's website at www.pembina.com.
About Pembina
Calgary-based Pembina Pipeline
Corporation is a leading transportation and midstream service
provider that has been serving North
America's energy industry for 60 years. Pembina owns and
operates pipelines that transport various hydrocarbon liquids
including conventional and synthetic crude oil, heavy oil and oil
sands products, condensate (diluent) and natural gas liquids
produced in western Canada. The
Company also owns and operates gas gathering and processing
facilities and an oil and natural gas liquids infrastructure and
logistics business. With facilities strategically located in
western Canada and in natural gas
liquids markets in eastern Canada
and the U.S., Pembina also offers a full spectrum of midstream and
marketing services that spans across its operations. Pembina's
integrated assets and commercial operations enable it to offer
services needed by the energy sector along the hydrocarbon value
chain.
Pembina is a trusted member of the communities in which it
operates and is committed to generating value for its investors by
running its businesses in a safe, environmentally responsible
manner that is respectful of community stakeholders.
Forward-Looking Statements & Information
This document contains certain forward-looking statements and
information (collectively, "forward-looking statements") within the
meaning of the "safe harbor" provisions of applicable securities
legislation that are based on Pembina's current expectations,
estimates, projections and assumptions in light of its experience
and its perception of historical trends. In some cases,
forward-looking statements can be identified by terminology such as
"expects", "will", "estimate", "expand", "would", "could",
"possible" and similar expressions suggesting future events or
future performance.
In particular, this document contains forward-looking
statements pertaining to, without limitation, the following:
Pembina's business objectives; the ongoing utilization and
expansions of and additions to Pembina's business and asset base
and Pembina's growth and growth potential. These forward-looking
statements and information are being made by Pembina based on
certain assumptions that Pembina has made in respect thereof as at
the date of this document including those discussed below.
With respect to forward-looking statements contained in this
document, Pembina has made assumptions regarding, among other
things: ongoing utilization and future expansion, development,
growth and performance of Pembina's business and asset base; future
demand for gas processing and transportation services; and future
levels of oil and natural gas development.
Although Pembina believes the expectations and material
factors and assumptions reflected in these forward-looking
statements are reasonable as of the date hereof, there can be no
assurance that these expectations, factors and assumptions will
prove to be correct. Readers are cautioned that events or
circumstances could cause results to differ materially from those
predicted, forecasted or projected. By their nature,
forward-looking statements involve numerous assumptions, known and
unknown risks and uncertainties that contribute to the possibility
that the predictions, forecasts, projections and other
forward-looking statements will not occur, which may cause actual
performance and financial results in future periods to differ
materially from any projections of future performance or results
expressed or implied by such forward-looking statements and
information.
None of the forward-looking statements described above are
guarantees of future performance and are subject to a number of
known and unknown risks and uncertainties, including, but not
limited to: the impact of competitive entities and pricing;
reliance on key industry partners, alliances and agreements; the
strength and operations of the oil and natural gas production
industry and related commodity prices; the continuation or
completion of third- party projects; regulatory environment and
inability to obtain required regulatory approvals; tax laws and
treatment; fluctuations in operating results; lower than
anticipated results of operations and accretion from Pembina's
business initiatives; reduced amounts of cash available for
dividends to shareholders; the ability of Pembina to raise
sufficient capital (or to raise capital on favourable terms) to
complete future projects and satisfy future commitments.
The forward-looking statements contained in this document
speak only as of the date of this document. Pembina does not
undertake any obligation to publicly update or revise any
forward-looking statements or information contained herein, except
as required by applicable laws. The forward-looking statements
contained in this document are expressly qualified by this
cautionary statement.
All financial figures are in Canadian dollars, unless
otherwise noted.
Pembina Pipeline® is a registered trademark of Pembina
Pipeline Corporation.
SOURCE Pembina Pipeline Corporation