AltaGas taps Enbridge exec as new CEO
Canadian infrastructure company AltaGas said May 8 it had tapped Vern Yu, formerly an executive vice president at midstream company Enbridge, to be its new CEO, replacing the retiring Randy Crawford.
The appointment will take effect from July 1, AltaGas said, and follows an extensive global search which began last November and included the evaluation of several internal and external candidates.
“Vern is a highly capable and seasoned leader with three decades of experience across the energy infrastructure value chain, including the utilities and midstream markets, and we are excited to have him join the AltaGas team,” AltaGas chair Pentti Karkkainen said. “Known as a strong and engaged leader who empowers people, Vern is well-regarded for his strategic mindset, commercial acumen, and intimate knowledge of the North American energy infrastructure markets.”
Yu joins AltaGas after a career at Enbridge that has spanned three decades. Most recently, he was its executive vice president, corporate development, CFO and president of New Energy Technologies.
Enbridge, meanwhile, has named Patrick Murray, senior vice president and chief accounting officer, to replace Yu as executive vice president and CFO, also effective July 1.