CALGARY, AB, Oct. 6, 2021 /CNW/ - ATCO Ltd. (TSX:
ACO.X) (TSX: ACO.Y) ATCO's Board of Directors has approved the
appointment of Katie J. Patrick as
Executive Vice President, Chief Financial & Investment Officer.
Ms. Patrick will oversee ATCO's investment-focused financial growth
strategy.
"Our Board of Directors has great confidence in Katie's ability
to provide financial stewardship while executing on the long-term
investment strategy for the ATCO group of companies," said
Nancy Southern, Chair & Chief
Executive Officer, ATCO.
Ms. Patrick was most recently Senior Vice President, Investment
Portfolio Management, responsible for investment strategy
formulation and oversight of ATCO's portfolio of companies. She
will continue to have direct accountability for select ATCO
investments including Neltume Ports, a leading Latin American port
operator of which ATCO owns 40 per cent; and ASHCOR, ATCO's wholly
owned fly ash subsidiary, which successfully expanded its
operations in 2021.
Ms. Patrick joined ATCO in 2015 as Senior Director, Mergers
& Acquisitions, responsible for assessing corporate
mergers, acquisitions and strategy formulation. During
her time at ATCO, she has held increasingly senior positions and
played key roles in the financing of Alberta PowerLine, the largest P3 project in
Canadian history, and in the divestment of Canadian Utilities
Limited's fossil fuel-fired power portfolio in Canada.
Ms. Patrick began her career in investment banking in
New York, later holding a variety
of management and leadership positions in the legal, financial and
agribusiness sectors in Canada and
the United States. Prior to
joining ATCO, she held positions at Bunge, Viterra, RBC and Lehman
Brothers. She holds a Bachelor of Science
in Economics degree from the University
of Pennsylvania, Wharton School of Business
and received her JD/MBA from the University of
Toronto. She is also
a Chartered Financial Analyst.
With approximately 6,200 employees and assets of $22 billion, ATCO is a diversified global
corporation with investments in the essential services of
Structures & Logistics (workforce and residential housing,
innovative modular facilities, construction, site support services,
workforce lodging services, facility operations and maintenance,
defence operations services, and disaster and emergency management
services); Utilities (electricity and natural gas transmission and
distribution, and international electricity operations); Energy
Infrastructure (electricity generation, energy storage and
industrial water solutions); Retail Energy (electricity and natural
gas retail sales); Transportation (ports and transportation
logistics); and Commercial Real Estate. More information can be
found at www.ATCO.com.
Investor Inquiries:
Colin
Jackson
Senior Vice President, Finance, Treasury, Risk &
Sustainability
Colin.Jackson@atco.com
403 808 2636
Media Inquiries:
Kurt
Kadatz
Senior Manager, Corporate Communications
Kurt.Kadatz@atco.com
587 228 4571
Forward-Looking Information:
Certain
statements contained in this news release may constitute
forward-looking information. Forward-looking information is often,
but not always, identified by the use of words such as
"anticipate", "plan", "estimate", "expect", "may", "will",
"intend", "should", and similar expressions.
Forward-looking information involves 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 information.
The Company's actual results could differ materially from
those anticipated in this forward-looking information as a result
of regulatory decisions, competitive factors in the industries in
which the Company operates, prevailing economic conditions
(including as may be affected by the COVID-19 pandemic), and other
factors, many of which are beyond the control of the
Company.
The Company believes that the expectations reflected in the
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied
upon.
Any forward-looking information contained in this news
release represents the Company's expectations as of the date
hereof, and is subject to change after such date. The Company
disclaims any intention or obligation to update or revise any
forward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable
securities legislation.
SOURCE ATCO Ltd.