TORONTO, Oct. 01, 2024 (GLOBE NEWSWIRE) — Northland Power Inc. (TSX: NPI) announced today that John Brace, who has been serving as Northland’s Executive Chair since March 25, 2024, has assumed the role of Interim President and CEO effective immediately, following former President and CEO Mike Crawley’s planned departure from the Company on September 30th. Mr. Brace continues to serve as Chair of the Board and Ian Pearce continues as Lead Independent Director.
Mr. Brace has been with Northland since 1988, serving as CEO from 2003 to 2018, and has played a pivotal role in the Company’s growth and success. His leadership and expertise have been instrumental as Northland continues to focus on its key priorities, including successfully advancing the Company’s three large construction programs – Hai Long, Baltic Power and Oneida – as well as prudently advancing Northland’s 9GW development pipeline.
Northland will provide a further update when a permanent President and CEO has been appointed.
FORWARD-LOOKING STATEMENTS
The forward-looking statements contained in this release are, unless otherwise indicated, stated as of the date hereof and are based on assumptions that were considered reasonable as of the date hereof. Other than as specifically required by law, Northland undertakes no obligation to update any forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.
ABOUT NORTHLAND POWER
Northland Power is a global power producer dedicated to helping the energy transition by producing electricity from renewable resources. Founded in 1987, Northland has a long history of developing, building, owning and operating renewable power infrastructure assets and is a global leader in offshore wind. In addition, Northland owns and manages a diversified generation mix including onshore renewables, natural gas energy, as well as supplying energy through a regulated utility.
Headquartered in Toronto, Canada, with global offices in eight countries, Northland owns or has an economic interest in approximately 3.2GW (net 2.8GW) of operating capacity. The Company also has a significant inventory of projects in construction and in various stages of development encompassing approximately 12GW of potential capacity. Publicly traded since 1997, Northland’s common shares, Series 1 and Series 2 preferred shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A and NPI.PR.B, respectively.
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