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AltaGas Ltd (ALA.TO)

ALA.TO on Toronto Stock Exchange

19.90CAD
16 Jul 2019
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Summary

Name Age Since Current Position

Pentti Karkkainen

64 2019 Independent Chairman of the Board

Randall Crawford

56 2018 President, Chief Executive Officer, Director

Vincent Ammann

2018 Chief Financial Officer, Executive Vice President

Timothy Watson

2015 Chief Financial Officer, Executive Vice President

Adrian Chapman

2018 President and Chief Executive Officer - WG, President - U.S. Utilities, ASUS

Corine Bushfield

41 2016 Executive Vice President, Chief Administrative Officer

Brad Grant

2019 Executive Vice President and Chief Legal Officer, Executive Vice President - Strategy and Corporate Development

John O'Brien

2018 Executive Vice President - Government & Regulatory Affairs, ASUS and Executive Vice President - Strategy and Public Affairs, WG

Randy Toone

2019 Executive Vice President and President - Midstream

David Cornhill

65 2019 Director

Terry McCallister

63 2018 Director

Catherine Best

65 2011 Independent Director

Victoria Calvert

63 2015 Independent Director

Allan Edgeworth

68 2010 Independent Director

Daryl Gilbert

67 2010 Independent Director

Robert Hodgins

67 2010 Independent Director

Cynthia Johnston

57 2018 Independent Director

Phillip Knoll

64 2018 Independent Director

Biographies

Name Description

Pentti Karkkainen

Mr. Pentti O. Karkkainen is Independent Chairman of the Board of the company. Mr. Karkkainen is a Corporate Director. Mr. Karkkainen was a co-founder and General Partner of KERN Partners from 2000 to 2014, and was the firm's Senior Strategy Advisor from 2014 until his retirement from the firm in 2015. Prior thereto, Mr. Karkkainen was the Managing Director and Head of Oil and Gas Equity Research at RBC Capital Markets. Mr. Karkkainen has significant board experience, including as Lead Director and as chair of compensation and audit committees. Mr. Karkkainen holds a Bachelor of Science (Honours) in Geology from Carleton University and a Masters of Business Administration from Queen's University. He is a member of the Institute of Corporate Directors.

Randall Crawford

Mr. Randall L. Crawford is President, Chief Executive Officer, Director of the Company. Mr. Crawford is the President and CEO of AltaGas and has been since December 2018. Prior to joining AltaGas, Mr. Crawford was with EQT Midstream Partners, LP from 2012 to 2017, most recently as Executive Vice President and Chief Operating Officer and with EQT Corporation as Senior Vice President and President, Midstream, Commercial and Distribution from 2007 to 2017. Mr. Crawford holds a Bachelor of Science in Accounting and Economics from West Virginia Wesleyan College and is a CPA. Mr. Crawford previously served as a director for numerous energy associations, including the American Gas Association, the Energy Association of Pennsylvania, the West Virginia Oil and Natural Gas Association and the Interstate Natural Gas Association of America. He is a director of the Children’s Hospital of Pittsburgh Foundation and a member of the University of Pittsburgh Cancer Institute Council. He is a member of the Institute of Corporate Directors.

Vincent Ammann

Mr. Vincent Ammann is Chief Financial Officer, Executive Vice President of the Company. Mr. Ammann joined AltaGas on July 6, 2018, at the close of the WGL Acquisition. Mr. Ammann was appointed EVP & Chief Financial Officer of Washington Gas. Previously, Mr. Ammann held the role of Assistant to the Chief Financial Officer and was appointed to the office of Vice President & Chief Financial Officer in 2006. He was promoted Senior Vice President and Chief Financial Officer in 2013. In his current role, Mr. Ammann is responsible for the administration and supervision of all financial functions including accounting, taxes, risk management and treasury management. In January 2019, Mr. Ammann announced his intention to retire at the end of March 2019. Douglas I. Bonawitz, the current Washington Gas Vice President and Treasurer, will be assuming the role of Senior Vice President, Chief Financial Officer and Treasurer of Washington Gas. Mr. Bonawitz has held progressive roles in Washington Gas since his start in 2011.

Timothy Watson

Mr. Timothy Watson is Chief Financial Officer, Executive Vice President of AltaGas Ltd. Mr. Watson joined AltaGas in 2015 and was appointed EVP & Chief Financial Officer that year. Mr. Watson is responsible for the overall financial strategy of AltaGas as well as mergers, acquisitions and corporate development. Mr. Watson spent 25 years in investment banking, based in Calgary, Houston, San Francisco and Toronto. His experience includes extensive knowledge of global financial markets and significant mergers and acquisitions experience across the entire energy value chain.

Adrian Chapman

Mr. Adrian Chapman is President and Chief Executive Officer - WG, President - U.S. Utilities, ASUS of the Company. Mr. Chapman joined AltaGas on July 6, 2018, at the close of the WGL Acquisition. Mr. Chapman was appointed the President & Chief Executive Officer of Washington Gas following the retirement of Terry McCallister. Previously, Mr. Chapman held the role of President & Chief Operating Officer of Washington Gas from October 2009 until July 2018. In his current role, he serves as President, U.S. Utilities, ASUS and oversees the operations of SEMCO Energy Gas Company and ENSTAR Natural Gas Company, in addition to Washington Gas. Bringing more than 36 years of leadership experience in the energy industry, Mr. Chapman has driven operational success and sustained growth in a variety of management and executive roles at Washington Gas throughout his career.

Corine Bushfield

Ms. Corine R.K. Bushfield is Executive Vice President, Chief Administrative Officer of the Company. Executive Vice President, Chief Administrative Officer of AltaGas from December 2016. Senior Vice President and Chief Financial Officer of Long Run Exploration Ltd. from March 2013 to September 2016. Vice President and Assistant Controller of Encana Corporation from 2010 to March 2013.

Brad Grant

Mr. Brad B. Grant is Executive Vice President and Chief Legal Officer, Executive Vice President - Strategy and Corporate Development of the Company. from May 2015. Partner with the law firm of Stikeman Elliott LLP from January 2004 to May 2015. Associate with the law firm of Stikeman Elliott LLP from July 1997 to December 2003. Student-at-Law with the law firm of Stikeman Elliott LLP from June 1996 to July 1997.

John O'Brien

Mr. John D. O'Brien Jr. is Executive Vice President - Government & Regulatory Affairs, ASUS and Executive Vice President - Strategy and Public Affairs, WG of the Company. Mr. O’Brien joined AltaGas in 2015, serving as President, ASUS, a subsidiary of AltaGas, where he oversaw AltaGas’ U.S. Power and Utilities operations. During 2018, Mr. O’Brien continued in the role until the closing of the WGL Acquisition. Following the close, he took on dual roles of EVP, Government & Regulatory Affairs, ASUS and EVP, Strategy & Public Affairs, WG. In his role with ASUS, Mr. O’Brien continued to oversee AltaGas’ Power operations until December 2018. In his role for WG, his primary responsibilities include oversight of government and regulatory affairs. For 2018, Mr. O’Brien was compensated as an AltaGas executive. Effective January 1, 2019, Mr. O’Brien serves as a member of the WG executive team and will be compensated under the WG programs. Mr. O’Brien has over 30 years of experience and has held management positions in Government Relations and Regulatory Affairs within the energy industry, including most recently in the position of Executive Vice President, Public Policy and External Affairs with a large privately held energy company. Executive Vice President

Randy Toone

Ms. Randy W. Toone is Executive Vice President and President - Midstream of the Company. Executive Vice President and President, Gas from January 2019. Executive Vice President and Acting President from July to December 2018. Executive Vice President Gas from June 2017. Executive Vice President, Commercial and Business Development from December 2016 to June 2017. Chief Operating Officer of CSV Midstream Solutions from July 2014 to November 2016. Country Manager of TAG Oil Ltd. from May 2013 to June 2014. Other roles with AltaGas prior to 2014 include President Utilities, President Gas, and Co-President Gas.

David Cornhill

Mr. David W. Cornhill has been appointed as Director of the company, Mr. Cornhill is Chairman of the Board, a position he has held since the inception of AltaGas’ predecessor in 1994. Mr. Cornhill is a founding shareholder of AltaGas (and its predecessors). He was Chief Executive Officer of AltaGas from 1994 to 2016 and served as interim co-CEO from July to December 2018. Prior to forming AltaGas, Mr. Cornhill served in various capacities with Alberta and Southern Gas Co. Ltd., including Vice President, Finance and Administration, Treasurer and President and Chief Executive Officer. Mr. Cornhill is an experienced leader in the business community and is a strong supporter of communities and community collaboration, investment and enhancement. Mr. Cornhill is a member of the Ivey Advisory Board at Western University. He holds a Bachelor of Science (Hons.) degree and a Master of Business Administration degree, both from Western, and was awarded an honorary Doctor of Laws degree by Western in 2015. Mr. Cornhill is a member of the Institute of Corporate Directors.

Terry McCallister

Mr. Terry Dwight McCallister is Director of the Company. Mr. McCallister is an independent businessman. He was Chairman and Chief Executive Officer of WGL and Washington Gas from 2009 until his retirement in 2018. Prior thereto, Mr. McCallister served as President and Chief Operating Officer of WGL and Washington Gas, joining Washington Gas in 2000 as Vice President of Operations. He has also held various leadership positions with Southern Natural Gas and Atlantic Richfield Company. Mr. McCallister has a Bachelor of Science in Engineering Management from the University of Missouri-Rolla and is a graduate of the University of Virginia's Darden School of Business Executive Program. He has served on the National Petroleum Council, the American Gas Association, the Southern Gas Association and on the boards of several business and community organizations, including, the Gas Technology Institute, the Greater Washington Board of Trade, the Alliance to Save Energy, the Smithsonian National Zoo, the National Symphony Orchestra and the INOVA Health System Foundation. Mr. McCallister is a member of the Institute of Corporate Directors.

Catherine Best

Ms. Catherine M. Best is an Independent Director of AltaGas Ltd. Ms. Best is a Chartered Accountant and has been a Corporate Director since 2009. From 2000 to 2009, she held senior financial positions, including Interim Chief Financial Officer of Alberta Health Services and Executive Vice-President, Risk Management and Chief Financial Officer of Calgary Health Region. Prior to this, she was with Ernst & Young for 19 years, the last 10 as Corporate Audit Partner. Ms. Best holds a Bachelor of Interior Design degree from the University of Manitoba. She was awarded her FCA designation in 2002 and her ICD.D in 2009. She is a member of the Board of the Alberta Children’s Hospital Foundation, the Calgary Foundation, The Wawanesa Mutual Insurance Company and the Calgary Stampede Foundation. Ms. Best is a member of the Institute of Corporate Directors.

Victoria Calvert

Ms. Victoria A. Calvert is an Independent Director of the Company. Ms. Calvert is a Corporate Director and Professor Emerita of Entrepreneurship and International Business with Mount Royal University (MRU) in Calgary, where she taught from 1988 until 2018. She also served as MRU’s Community Service Learning facilitator overseeing relationships, conducting a research program, and developing administrative frameworks. Prior to this, she held corporate positions at Hudson’s Bay Oil and Gas and the Bank of Nova Scotia. Ms. Calvert holds a Bachelor of Commerce (Hons.) degree from Queen’s University and a Master of Business Administration degree from Western University. Ms. Calvert has served as a director of the Heritage Park Society Board, the Canadian Council of Small and Medium Enterprises, the Calgary Business Information Centre, and as an advisor for the Canadian Alliance for Community Service Learning. Ms. Calvert is a member of the Institute of Corporate Directors.

Allan Edgeworth

Mr. Allan L. Edgeworth, P.Eng., is an Independent Director of AltaGas Ltd. Mr. Edgeworth is a Professional Engineer and Corporate Director. He was the President of ALE Energy Inc. from January 2005 through December 2015. Prior to this, Mr. Edgeworth was with Alliance Pipeline Ltd., initially serving in the position of Executive Vice President and Chief Operating Officer and later serving as President and CEO. Mr. Edgeworth was a Commission member and Director of the Alberta Securities Commission. He has also served on the Boards of the Interstate National Gas Association of America and the Canadian Gas Association and is a past-Chair of the Canadian Energy Pipeline Association. Mr. Edgeworth holds a Bachelor of Applied Science from the University of British Columbia in Geological Engineering and is a graduate of the Queen’s Executive Program. Mr. Edgeworth is a member of the Institute of Corporate Directors.

Daryl Gilbert

Mr. Daryl H. Gilbert, P.Eng.., is an Independent Director of AltaGas Ltd. Mr. Gilbert is a Professional Engineer and has been an independent businessman since 2005. He joined JOG Capital Inc. in May 2008 as a Managing Director and Investment Committee member. Mr. Gilbert was with Gilbert Laustsen Jung Associates Ltd. (now GLJ Petroleum Consultants Ltd.) from 1979 to 2005, serving as President and Chief Executive Officer from 1994 to 2005. Mr. Gilbert holds a Bachelor of Science in Civil Engineering from the University of Manitoba. He is a member of the Association of Professional Engineers and Geoscientists of Alberta and has extensive experience in the industry and as a director. Mr. Gilbert is a member of the Institute of Corporate Directors.

Robert Hodgins

Mr. Robert B. Hodgins is an Independent Director of AltaGas Ltd. Mr. Hodgins is a Chartered Accountant and has been an independent businessman since November 2004. Mr. Hodgins has been serving as Senior Advisor, Investment Banking for Canaccord Genuity Corp. from September 2018. Prior to that, he was the Chief Financial Officer of Pengrowth Energy Trust (now Pengrowth Corporation) from 2002 to 2004, Vice President and Treasurer of Canadian Pacific Limited from 1998 to 2002 and Chief Financial Officer of TransCanada PipeLines Limited from 1993 to 1998. Mr. Hodgins received an Honours Bachelor of Arts in Business from the Richard Ivey School of Business at Western University and received a Chartered Accountant designation. He was admitted as a member of the Institute of Chartered Accountants of Ontario in 1977 and Alberta in 1991 and he is a member of the Institute of Corporate Directors.

Cynthia Johnston

Ms. Cynthia Johnston is Independent Director of the Company. Ms. Johnston is a Corporate Director. She was Executive Vice President, Gas, Renewables and Operations Services at TransAlta Corporation from 2015 until her retirement in 2017. Between 2011 and 2015, she held various positions, including Executive Vice President Enterprise Risk and Corporate Services and Executive Vice President Corporate Services. Prior thereto, Ms. Johnston held various executive leadership positions with TransAlta and FortisAlberta. Ms. Johnston holds a Bachelor of Arts in Economics from the University of Calgary and a Masters in Applied Economics from the University of Victoria. She is a member of the Institute of Corporate Directors.

Phillip Knoll

Mr. Phillip R. Knoll is Independent Director of the Company. Mr. Knoll is a Professional Engineer and has been the President of Knoll Energy Inc. since 2006. He acted as interim co-CEO of AltaGas from July to December 2018. Prior thereto, he was CEO of Corridor Resources Inc. from 2010 to 2014. Mr. Knoll was a director of AltaGas Utility Group Inc. from 2005 to 2009. His other roles included Group Vice President, Duke Energy Gas Transmission, Chair, Management Committee and President for Maritimes & Northeast Pipeline, as well as senior roles at Westcoast Energy Inc., TransCanada Pipelines Limited and Alberta Natural Gas Company Ltd. Mr. Knoll has over 35 years of varied experience in the energy sector, primarily related to energy infrastructure businesses and the natural gas value chain. Mr. Knoll holds a Bachelor of Applied Science from the Technical University of Nova Scotia in Chemical Engineering. He is a member of the Institute of Corporate Directors.

Basic Compensation

Name Fiscal Year Total

Pentti Karkkainen

92,497

Randall Crawford

3,730,770

Vincent Ammann

4,509,800

Timothy Watson

1,835,030

Adrian Chapman

5,745,030

Corine Bushfield

1,758,490

Brad Grant

1,204,140

John O'Brien

2,140,240

Randy Toone

634,389

David Cornhill

1,682,100

Terry McCallister

123,030

Catherine Best

170,540

Victoria Calvert

170,565

Allan Edgeworth

176,495

Daryl Gilbert

176,495

Robert Hodgins

249,895

Cynthia Johnston

91,161

Phillip Knoll

1,229,980
As Of  31 Dec 2018