0853 ET - While a surprise, Algonquin Power's new CEO brings significant experience to a company in transition. TD Cowen's Sean Steuart says the appointment of Rod West as CEO wasn't anticipated by investors. The change comes after a period of corporate reorganization that has included carving out and completing a sale of the company's unregulated renewable power segment. In his new role, West will need to define a vision for reorienting the company towards growth as a pure-play regulated utility, Steuart says. His many yeas in the industry should come in handy. "Mr. West appears to bring significant experience to the table through his career at a large, multi-jurisdictional, U.S. rate regulated utility, Entergy," Steuart says.(adriano.marchese@wsj.com)
(END) Dow Jones Newswires
January 31, 2025 08:53 ET (13:53 GMT)
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