Canada's Algonquin mulls sale of renewable energy unit, CEO exits | Business Information & News | Westlaw

Canada's Algonquin mulls sale of renewable energy unit, CEO exits | Business Information & News | Westlaw

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8/10/23 REUTERS 10:58:30
REUTERS
Copyright (c) 2023 Thomson Reuters
August 10, 2023
Canada's Algonquin mulls sale of renewable energy unit, CEO exits
Tanay Dhumal
Tanay Dhumal; Bengaluru
Milla Nissi
Devika Syamnath
(Reuters) -Canada's Algonquin Power & Utilities on Thursday announced the resignation of CEO Arun Banskota and said it was considering a sale of its renewable energy unit, after activist firms urged action to reduce debt and boost earnings.
Company...
---- Index References ----
Company: ALGONQUIN POWER & UTILITIES CORP.
News Subject: (Business Management (1BU42); Corporate Events (1CR05); Executive Personnel Changes (1EX23); HR & Labor Management (1HR87))
Industry: (Electric Utilities (1EL82); Electric Utilities Distribution (1EL02); Electric Utilities Generation (1EL37); Electric Utilities Generators (1EL15); Energy & Fuel (1EN13); Energy Industry Environmental Issues (1EN22); Environmental Solutions (1EN90); Renewable Energy Sources (1RE65); Utilities (1UT12); Utilities Environmental Issues (1UT10))
Region: (Americas (1AM92); Canada (1CA33); North America (1NO39))
Language: EN
Other Indexing: (Starboard Value; Canada; RBC Capital Markets; Algonquin Power & Utilities)
Keywords: ma; energy; CorpCounsel; corpgov
Word Count: 289
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