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NBPower President and CEO Leaves During Organization's "Transformation Phase"

The New Brunswick utility board has announced that the president and CEO will resign. In the

release,NB Powerstated that Keith Cronkhite has resigned and Lori Clark, Senior Vice President of Operations, has been appointed President and CEO.

Charles V. Firlotte, chair of the NBPower Board of Directors, described Cronkhite, appointed in April 2020, as "a talented executive with a long track record of leadership within NBPower."

“But looking to the future, we are facing the unprecedented challenge of the global energy crisis, where cost pressures are rising and excessive debt levels are already exacerbating. We are pressing for federal regulations on abolition, and the need to support New Brunswick with the rapid adoption of more environmentally friendly energy solutions, "Philott said in a statement.

Read more:Point Lepreau Nuclear Power Station license hearing resumes in St. John

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"Therefore, the Board has concluded that a major transformation of the organization must be undertaken."

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According to the release, the board maintained Price Waterhouse Canada and led a strategic review. Optimize your current cost structure and meet your debt.

The company will also consider alternative solutions "to meet New Brunswick's electricity demand in a cost-competitive, reliable and environmentally sustainable way."

Read more:NB Power Energy Efficiency Program was criticized by Audit & Supervisory Board Members

NB Power Commissioner The group is currently looking for a new president and CEO, who said the process is expected to take "months".

However, Philott is in "good condition" with Clark, a certified accountant who studied nuclear technology at MIT and demonstrated leadership at Wharton Business School, as president and chief executive officer. Said it was in.

"We are confident that Keith and Lori will ensure a seamless transition for our customers, employees and partners," he said.

"Now is the time to urgently evolve to enable NB Power to provide reasonable and competitive pricing and clean energy for future generations."

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