TransAlta CEO Dawn Farrell set to retire after leading switch away from coal power
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 05/02/2021 (2071 days ago), so information in it may no longer be current.
CALGARY – TransAlta Corp. says the CEO who supervised its transition away from a provincially focused provider of coal-fired power to an international utility with natural gas and renewable power generation plans to retire at the end of March.
The Calgary-based company says Dawn Farrell, 61, is to be replaced by John Kousinioris, currently chief operating officer and president of subsidiary TransAlta Renewables Inc.
As part of the transition, Kousinioris is to step down as president and a director with TransAlta Renewables and will be replaced by TransAlta’s chief financial officer Todd Stack.
TransAlta board chair John Dielwart credited Farrell for guiding TransAlta through the final stages of electricity deregulation in Alberta and “aggressively” adjusting strategy to respond to shifts in the regulation of carbon emissions.
Farrell has led TransAlta for almost a decade and oversaw the development of TransAlta’s renewables business through the purchase of Vision Quest Windelectric and then Canadian Hydro Developers Inc.
Farrell said her tenure was marked by numerous electricity sector changes due to regulatory shifts, increased competition and new technologies.
“I’m proud that TransAlta has faced into these challenges and has been able to accomplish a momentous multi-year transformation from a primarily Alberta-based, coal-fired electricity company into a leading clean and renewables-focused electricity company spanning three countries, delivering growing cash flows, and competitively positioned to take on the vast opportunities ahead of the net zero economy,” she said in a statement.
This report by The Canadian Press was first published Feb. 5, 2021.
Companies in this story: (TSX:TA, TSX:RNW)