Cameron Goldade Appointed Chief Financial
Officer
Henry Sykes to
be appointed Chair of the Board of Directors effective January 1, 2023, Replacing
Randall Findlay Who Intends to Retire Prior to Next AGM After 16
Years of Service
CALGARY, AB, Aug. 25, 2022 /PRNewswire/ -- Pembina Pipeline
Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA)
today announced that it has named Cameron
Goldade as the Company's Chief Financial Officer. This
appointment concludes the previously announced executive search
process undertaken by the Company. Mr. Goldade was appointed the
Company's interim CFO in November
2021 and previously served as Vice President of Capital
Markets.
"We are very pleased to announce that Cam Goldade has been appointed CFO of Pembina,
following a rigorous search process. Over the past seven years, Cam
has been a significant contributor to the success of our
organization, including stepping up into the role of interim CFO,
through his consistent focus on financial discipline, risk
management and capital allocation. Along with the entire leadership
team, I am excited to continue our work together, advancing
Pembina's position as a truly differentiated, integrated leader in
the midstream space," said Scott
Burrows, Pembina's President, and Chief Executive
Officer.
As part of its ongoing Board succession planning, the Company
also announced that Henry Sykes will
be appointed as Board Chair effective January 1, 2023, replacing Randall Findlay who, as previously announced,
intends to retire prior to the next annual meeting of shareholders
and will not stand for re-election. Mr. Sykes joined the Pembina
Board in 2017 and is currently the Chair of the Human Resources,
Health and Compensation Committee and a member of the Audit
Committee.
"On behalf of the Board and the Pembina leadership team I would
like to thank Randy for all that he has contributed over the many
years he has been with Pembina. During his tenure the Company has
experienced significant growth and has become a leading corporation
in our industry while maintaining the principles and values
critical to our social contract with stakeholders. His leadership
and guidance over the past sixteen years has been an important
contributor to this progress and we acknowledge and appreciate all
that he has done for the company and its people including his
commitment to ensuring a smooth transition to Henry, who I am
looking forward to working with in his new capacity in 2023," said
Mr. Burrows.
"The Canadian energy sector is one of the most exciting and
innovative globally. Pembina has risen to meet its opportunities
and challenges, and I am exceedingly pleased to have been involved
through my role on the Board. It has been an incredible past year
working with Scott through the transition but now with a dynamic
and engaged Board and an energetic and experienced leadership team,
there is no better time for me to look to transition the role of
Chair to Henry. I am confident Henry's knowledge and leadership
will allow the Company to continue to be a leader in the sector and
deliver value to its broad group of stakeholders," said
Randy Findlay, Chair of the Pembina
Board of Directors.
Biographies
About Cameron Goldade
Prior to his appointment as interim Chief Financial Officer,
Cameron Goldade was Vice President,
Capital Markets, overseeing the Company's corporate development,
corporate planning, investor relations, treasury, and cash
management functions.
Prior to joining Pembina in 2015, Mr. Goldade spent eleven years
in energy-focused investment banking where he provided advice and
counsel related to mergers and acquisitions, dispositions, joint
ventures and equity and debt financings. He has considerable
experience in most aspects of the energy industry, including:
petroleum, natural gas and other product pipelines and related
infrastructure facilities. Mr. Goldade holds a Bachelor of Commerce
(Distinction) from the University of
Calgary and a Master of Business Administration from the
University of Toronto.
About Henry Sykes
Henry Sykes is the former
President and director of MGM Energy Corp., a Canadian public
energy company focused on the acquisition and development of
hydrocarbon resources in Canada's
Northwest Territories and Arctic
regions (January 2007 to June 2014). He was President of ConocoPhillips
Canada (2001 to 2006) and Executive Vice-President, Business
Development of Gulf Canada Resources Ltd. before that.
Mr. Sykes began his career as a lawyer and specialized in
mergers and acquisitions, securities and corporate law. He is past
Chair and member of the boards of Arts Commons and The Arctic
Institute of North America, and a
director of several private companies involved in the oil and gas
industry.
He has a Bachelor of Arts in economics from McGill University, a law degree from the
University of Toronto and a Master of
Law degree from the London School of
Economics. He is a member of the Institute of Corporate
Directors.
About Pembina
Pembina Pipeline Corporation is a leading energy transportation
and midstream service provider that has served North America's energy industry for more than
65 years. Pembina owns an integrated network of hydrocarbon liquids
and natural gas pipelines, gas gathering and processing facilities,
oil and natural gas liquids infrastructure and logistics services,
and a growing export terminals business. Through our integrated
value chain, we seek to provide safe and reliable infrastructure
solutions which connect producers and consumers of energy across
the world, support a more sustainable future and benefit our
customers, investors, employees and communities. For more
information, please visit www.pembina.com.
Purpose of Pembina:
To be the leader in delivering integrated infrastructure
solutions connecting global markets:
- Customers choose us first for reliable and value-added
services;
- Investors receive sustainable industry-leading total
returns;
- Employees say we are the 'employer of choice' and value
our safe, respectful, collaborative and inclusive work culture;
and
- Communities welcome us and recognize the net positive
impact of our social and environmental commitment.
Pembina is structured into three Divisions: Pipelines Division,
Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the Toronto and New
York stock exchanges under PPL and PBA, respectively. For
more information, visit www.pembina.com.
Forward-Looking Information and Statements
This news release contains certain forward-looking statements
and forward-looking information (collectively, "forward-looking
statements"), including forward-looking statements within the
meaning of the "safe harbor" provisions of applicable securities
legislation, that are based on Pembina's current expectations,
estimates, projections and assumptions in light of its experience
and its perception of historical trends. In some cases,
forward-looking statements can be identified by terminology such as
"continue", "anticipate", "schedule", "will", "expects",
"estimate", "potential", "planned", "future", "outlook",
"strategy", "protect", "trend", "commit", "maintain", "focus",
"ongoing", "believe" and similar expressions suggesting future
events or future performance.
In particular, this news release contains forward-looking
statements pertaining to, without limitation, the following:
Pembina's growth opportunities and ability to deliver value to its
stakeholders and the appointment of Mr. Sykes as Board Chair
effective January 1, 2023.
The forward-looking statements are based on certain
assumptions that Pembina has made in respect thereof as at the date
of this news release. Although Pembina believes the expectations
and material factors and assumptions reflected in these
forward-looking statements are reasonable as of the date hereof,
there can be no assurance that these expectations, factors and
assumptions will prove to be correct. These forward-looking
statements are not guarantees of future performance and are subject
to a number of known and unknown risks and uncertainties including,
those detailed from time to time in Pembina's public disclosure
documents available at www.sedar.com, www.sec.gov and through
Pembina's website at www.pembina.com.
Readers are cautioned that events or circumstances could
cause results to differ materially from those predicted, forecasted
or projected. The forward-looking statements contained in this
document speak only as of the date of this document. Pembina does
not undertake any obligation to publicly update or revise any
forward-looking statements or information contained herein, except
as required by applicable laws. The forward-looking statements
contained in this document are expressly qualified by this
cautionary statement.
Investor Relations, (403)
231-3156, 1-855-880-7404, e-mail:
investor-relations@pembina.com, www.pembina.com