AltaGas Ltd.
TSX : ALA

AltaGas Ltd.

October 29, 2015 07:40 ET

AltaGas Ltd. Announces the Appointment of Two New Independent Directors and New Lead Director

CALGARY, ALBERTA--(Marketwired - Oct. 29, 2015) - The Board of Directors of AltaGas Ltd. (AltaGas) (TSX:ALA) today announced that Victoria A. Calvert, Professor of Entrepreneurship and International Business at the Bissett School of Business at Mount Royal University (MRU), and Phillip R. Knoll, Professional Engineer and the President of Knoll Energy Inc., have been appointed to AltaGas' Board of Directors effective November 1, 2015.

"Ms. Calvert and Mr. Knoll are experienced leaders in the business community and bring significant talent and expertise to the Board table. We are excited to welcome them to AltaGas' Board of Directors," said David Cornhill, Chairman and Chief Executive Officer.

Ms. Calvert is also the Community Service Learning Facilitator for MRU. She has served as a director of the Heritage Park Society Board and as an advisor for the Canadian Alliance for Community Service Learning (CACSL). She is the current Chair of the CACSL National Conference, has consulted for more than 30 years, and published extensively regarding community engagement. Ms. Calvert graduated from Queen's University with a B.Comm and earned an MBA from the University of Western Ontario.

Mr. Knoll previously was CEO of Corridor Resources Inc., Group Vice President, Duke Energy Gas Transmission, Chair, Management Committee and President for Maritimes & Northeast Pipeline, and held senior roles at Westcoast Energy Inc., TransCanada Pipelines Limited and Alberta Natural Gas Company Ltd. Mr. Knoll continues to serve as a director of Bankers Petroleum Ltd. and Corridor Resources Inc., and was a director of AltaGas Utility Group Inc. from 2005 to 2009. He has over 35 years of varied experience in the energy sector, primarily related to energy infrastructure businesses. Mr. Knoll has held leadership roles in the development, acquisition, implementation and operation of businesses across the energy value chain. Mr. Knoll is also a member of the Institute of Corporate Directors.

The Board of Directors of AltaGas also announced today that Myron F. Kanik, Lead Director, will not stand for re-election at the next annual meeting. The Board of Directors has appointed Neil McCrank as Lead Director effective upon Mr. Kanik's retirement. Neil McCrank has been a Director of AltaGas Ltd. and its predecessor since 2007, and is a member of the Governance Committee and the Environment, Occupational Health and Safety Committee.

"On behalf of the Board and the entire company I want to thank Myron for being a leader and a trusted adviser," said David Cornhill. "Over the past 14 years Myron's dedicated and expert service has helped shape the company into a leading North American diversified infrastructure company. Myron's contributions and leadership have been invaluable to AltaGas and he will be missed."

AltaGas is a leading North American diversified energy infrastructure company. AltaGas owns or operates a diversified mix of assets in gas, power, and utilities. The Corporation creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information visit www.altagas.ca.

This news release contains forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to AltaGas or an affiliate of AltaGas, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect AltaGas' current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in AltaGas' public disclosure documents. Many factors could cause AltaGas' actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release as intended, planned, anticipated, believed, sought, proposed, estimated or expected, and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. AltaGas does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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