EDMONTON, Jan. 28, 2013 /CNW/ - EPCOR Utilities Inc. (EPCOR) announced
it will restructure its corporate senior management team and related
corporate functions to streamline the delivery of support services and
improve the efficiency of the oversight it provides to its electricity
transmission and distribution and water and wastewater lines of
"One of the keys to EPCOR's success is our ability to continually adapt
to changing business conditions and look for more cost-effective ways
to serve our customers and shareholder. I believe this process combined
with these organizational changes will establish a strong foundation
for the next chapter in the continuing story of EPCOR"s growth. I want
to thank my senior management team for their collaboration and resolve
in moving us forward," said Don Lowry, CEO. Key management changes
arising from these actions are as follows:
Mark Wiltzen, Senior Vice President and Chief Financial Officer, after
17 years of service and tremendous contributions to the company's
success, will be retiring at the beginning of May, 2013.
Effective February 1, 2013:
Guy Bridgeman is appointed to the new role of Senior Vice President,
Finance, Planning and Development. This new position will consolidate
the corporate finance, treasury, strategic planning, corporate
development, internal audit and risk management functions within EPCOR.
External reporting and disclosure responsibilities of the Chief
Financial Officer will transfer to Guy Bridgeman following the
retirement of Mark Wiltzen.
Ron Liteplo will assume the new role of Senior Vice President, Corporate
Services. This position continues to oversee legal services and public
and government affairs and expands to include human resources currently
led by Bob Petryk, SVP Human Resources, and the delivery of business
services and the position of CIO currently held by Wray Steedsman, SVP
Business Services and CIO.
Bob Petryk will assume the role of Senior Vice President Commercial
Services. This new business unit will be responsible for the operation
and growth of the unregulated commercial initiatives outside of the
Distribution and Transmission and Water business units.
Wray Steedsman will assume the role of Divisional Vice President,
Technologies, reporting to Bob Petryk. EPCOR Technologies continues to
grow its business by successfully winning competitive bids for the
maintenance, operation and construction of light rail transit, traffic
and street lighting.
Steve Stanley, Senior Vice-President, Water Services Canada, Doreen
Cole, Senior Vice-President, Electricity Services, and Joe Gysel,
President, EPCOR Water (USA) continue in their current roles, but
consistent with the restructuring will take on additional
responsibility and accountability for regulatory, operational
communications, human resources, supply chain, and health safety and
environment within their lines of business.
Certain information in this news release is forward-looking within the
meaning of Canadian securities laws as it relates to anticipated
financial performance, events or strategies. When used in this context,
words such as "will", "anticipate", "believe", "plan", "intend",
"target", and "expect" or similar words suggest future outcomes. The
purpose of forward-looking information is to provide investors with
management's assessment of future plans and possible outcomes and may
not be appropriate for other purposes. Forward-looking information in
this news release includes expectations for the corporate restructuring
and how it may benefit the Company in the future.
These statements are based on the assumptions and analyses made by the
Company in light of its experience and perception of historical trends,
current conditions and expected future developments and other factors
it believes are appropriate. Readers are cautioned not to place undue
reliance on forward-looking statements as actual results could differ
materially from the plans, expectations, estimates or intentions
expressed in the forward-looking statements. Except as required by law,
EPCOR disclaims any intention and assumes no obligation to update any
forward-looking statement even if new information becomes available, as
a result of future events or for any other reason.
About EPCOR Utilities Inc.
EPCOR's wholly owned subsidiaries build, own and operate electrical
transmission and distribution networks, water and wastewater treatment
facilities and infrastructure in Canada and the United States. EPCOR,
headquartered in Edmonton, Alberta, is an Alberta Top 55 employer.
EPCOR's website is www.epcor.com
SOURCE: Epcor Utilities Inc.
For further information:
Ron Liteplo, Senior Vice President, Corporate Services
EPCOR Utilities Inc.