Veresen Announces Management Change
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, Jan. 21, 2014 /CNW/ - Veresen Inc. ("Veresen" or "the Company") (TSX: VSN) today announced that Senior Vice President, Finance and Chief Financial Officer, Richard Weech, is leaving Veresen to accept a leadership role with another company. Mr. Weech's resignation is effective February 7, 2014.
Theresa Jang will be appointed interim Chief Financial Officer upon Mr. Weech's resignation. Ms. Jang joined Veresen in 2006 as Controller and was appointed Vice President, Controller in 2009, a role she held until she was appointed Vice President, Finance and Risk Management in 2013. Ms. Jang previously served as interim Chief Financial Officer of Veresen (then Fort Chicago Energy Partners L.P.) in similar circumstances for seven months in 2009.
"I would like to thank Richard for his many contributions to our Company and we wish him every success as he embarks on this next stage of his career," said Don Althoff, President and Chief Executive Officer.
Mr. Althoff added, "I am pleased that Theresa will take on the role of interim Chief Financial Officer. Theresa's considerable experience with our Company will provide a smooth transition for Veresen's financial team. We have a solid financial team and I have great confidence in the team's ability to continue to oversee and steward our Company's strong financial position."
Veresen has begun a search to recruit a permanent Chief Financial Officer.
About Veresen Inc.
Veresen is a publicly-traded, dividend paying corporation based in Calgary, Alberta that owns and operates energy infrastructure assets across North America. Veresen is engaged in three principal businesses: a pipeline transportation business comprised of interests in two pipeline systems, the Alliance Pipeline and the Alberta Ethane Gathering System; a midstream business which includes ownership interests in a world-class natural gas liquids extraction facility near Chicago, the Hythe/Steeprock gas gathering and processing complex, and other natural gas and NGL processing energy infrastructure; and a power business focused on gas-fired, renewable and district energy facilities. Veresen is also actively developing a number of greenfield projects and regularly evaluates and pursues acquisition and development opportunities.
Veresen's common shares, Series A preferred shares, Series C preferred shares, and 5.75% convertible unsecured subordinated debentures, Series C due July 31, 2017 are listed on the Toronto Stock Exchange under the symbols "VSN", "VSN.PR.A", "VSN.PR.C" and VSN.DB.C", respectively. For further information, please visit www.vereseninc.com.
SOURCE Veresen Inc.For further information:
Dorreen Miller, Director, Investor Relations
Phone: (403) 213-3633