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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
Veresen has begun a search to recruit a permanent Chief Financial
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
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