CALGARY, March 6, 2014 /CNW/ - FirstEnergy Capital Corp. of Calgary is
pleased to announce the appointment of John Chambers to Chief Executive
Officer. FirstEnergy's current Chairman and C.E.O., Jim W. Davidson,
will assume the title of Executive Chairman of FirstEnergy Capital.
The strong business fundamentals and principles that FirstEnergy was
built upon will remain in place. Mr. Davidson will remain actively
engaged in all aspects of the business and will focus his efforts on
continued innovation, business development and client engagement.
Mr. Chambers, who has been Managing Director and President of
FirstEnergy Capital since 2007, will continue to lead the Executive
Committee with collaborative support from the firm's Managing Directors
in their Calgary and London offices. "The appointment results from our
long-standing succession plan and unfolds as a natural evolution of the
firm," said Jim Davidson, the firm's co-founder and active member of
the Executive Committee. "John is a proven leader with in-depth
industry knowledge. His operational excellence over the past six years
as President will ensure FirstEnergy Capital is well positioned for
growth as we enter our third decade of energy investment banking."
Since 2007, John Chambers, acting as President, has delivered strong
operational and financial performance for FirstEnergy - the company has
been recognized as Canada's 50 Best Managed Companies for the last five
consecutive years. Mr. Chambers joined FirstEnergy in 1998, and from
2001 to 2006, he served as Head of Corporate Finance. Over this period
the firm executed over 450 financings and $64 billion of M&A
transactions while achieving strong financial results. Mr. Chambers
holds a B.Sc. (Geophysics) from the University of British Columbia and
MBA in International Finance from McGill University. He was recognized
as one of Canada's Top 40 Under 40 in 2006.
Under the leadership of both Mr. Chambers and Mr. Davidson, FirstEnergy
Capital remains actively engaged in promoting the growth and
development of the energy sector, and the company's commitment to the
social and economic development of our communities remains a core value
for the company.
FirstEnergy Capital provides advisory, financing and capital markets
solutions to energy companies around the world through all stages of
their development. Founded in 1993, FirstEnergy Capital (a private
company) has evolved from a Calgary-based, energy-focused investment
bank to one of the pre-eminent providers of investment banking services
for investors and corporate participants in the energy sector
For further information on FirstEnergy, please visit our website at www.firstenergy.com.
FirstEnergy Capital Corp. is a Member of the Canadian Investor
Protection Fund and IIROC.
Image with caption: "FirstEnergy Capital Corp. announces the appointment of John Chambers as Chief Executive Officer (CNW Group/FirstEnergy Capital Corporation)". Image available at: http://photos.newswire.ca/images/download/20140306_C9627_PHOTO_EN_37648.jpg
SOURCE: FirstEnergy Capital Corporation
For further information:
Jim W. Davidson or John Chambers
FirstEnergy Capital Corp.
311- 6th Avenue S.W
Calgary, Alberta T2P 3H2
Ph (403) 262-0600
Kathy Hnatiuk cell (403) 471-1711