In a move to solidify its leadership, Northland Power (OTC:NPIFF), a prominent Canadian power producer, has appointed Christine Healy as its new Chief Executive Officer, effective February 5.
This announcement comes after a period of uncertainty regarding the company's succession plans. The search for a new CEO began in late March following the news that Mike Crawley would be stepping down from the role after a six-year tenure.
John Brace has been holding the position of interim CEO since Crawley's departure on September 30. The extended period without a permanent CEO had been noted by industry analysts as a possible cause for valuation pressure on the company.
TD (TSX:TD) Cowen analyst Sean Steuart highlighted the impact of the prolonged search for a successor on Northland Power's market performance.
Christine Healy brings a wealth of experience to Northland Power, having most recently served as the president of AtkinsRéalis, overseeing operations in Asia, the Middle East, and Australia. Her prior experience includes a significant tenure at TotalEnergies (EPA:TTEF), a France-based energy giant, where she held the position of president and CEO of Total E&P Canada.
Additionally, Healy has held key senior roles such as chief strategy officer and general counsel at Maersk Oil and Gas, further demonstrating her extensive background in the energy sector.
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