Algonquin Power & Utilities has announced the appointment of Christopher Huskilson as its interim chief executive officer. The Canadian company is seeking to sell its renewable-energy group and transition to a pure-play regulated utility company.
Huskilson takes over from Arun Banskota, who has stepped down as president and CEO, as well as from the board. The decision comes after a strategic review that began in May, which led the company to pursue a sale of its renewables business and make changes to its leadership.
Chair Kenneth Moore stated, "As Algonquin prepares to pursue a sale of its renewables business and move forward as a pure-play regulated utility company, the board of directors has determined that now is the right time to transition leadership."
Huskilson brings more than 20 years of experience in the energy industry to his new role. Previously, he served as CEO and director of Halifax-based energy-and-service company Emera. He also served on Algonquin's board from 2009 to 2016 when Emera held 25% of the company, and then rejoined the board in January 2020.
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