AltaGas Ltd. has announced the appointment of D. James Harbilas as executive vice president and chief financial officer, effective June 10.
“The operational and financial priorities for AltaGas remain on track. Key areas of focus for James will be the continued strengthening of our balance sheet, including the completion of our divestiture program,” said Randy Crawford, president and CEO of AltaGas. “James’ deep background in both energy and utilities, as well as his ability to build and transform functions, made James the perfect fit for the Company.”
Harbilas will be responsible for AltaGas’ finance, treasury, corporate development and capital market functions.
“As we continue to focus on executing against our strategic priorities, which includes the further integration of WGL with AltaGas, James’ proven track record in business optimization and integration will be key contributors to long-term shareholder value creation. On behalf of the Board and the broader AltaGas family, we welcome James to the team,” said Crawford.
“Joining AltaGas to support the strategic plan to unlock the value of its strong asset base is very compelling,” said Harbilas. “I look forward to starting at AltaGas shortly, and working alongside the leadership team in driving AltaGas forward to realize its full potential.”
Harbilas is coming from Enerflex Ltd., where he has served as executive vice president and CFO for over 11 years. Prior to his leadership role at Enerflex Ltd., he also served as vice president, finance and CFO of Fortis Alberta Inc.
Tim Watson, the company’s current executive vice president and CFO, will be leaving the company.
“On behalf of the management team and the Board, I want to thank Tim for his dedicated and unwavering service to AltaGas,” said Crawford. “Tim has been a key member of the management team and instrumental in strategic initiatives, including the divestment of approximately $4 billion of assets, as we refocus the Company. We wish Tim the utmost success in future endeavours.”
