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Pembina Pipeline Corp T.PPL

Alternate Symbol(s):  PBA | PBNAF | T.PPL.PR.A | T.PPL.PR.C | PPLAF | T.PPL.PR.E | PMBPF | T.PPL.PR.G | T.PPL.PR.I | T.PPL.PR.O | PPLOF | T.PPL.PR.Q | T.PPL.PR.S | PMMBF | T.PPL.PF.A | T.PPL.PF.E | T.PPL.PF.B

Energy Oil & Gas Equipment & Services
Pembina Pipeline Corp is a Canada-based energy transportation and midstream service provider. The Company owns pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment provides customers with pipeline transportation, terminalling, and storage in key market hubs in Canada and the United States for crude oil, condensate, natural gas liquids and natural gas. The Facilities segment includes infrastructure that provides Pembina's customers with natural gas, condensate and natural gas liquid (NGL) services. The Marketing & New Ventures segment undertakes value-added commodity marketing activities including buying and selling products, commodity arbitrage, and optimizing storage opportunities.


TSX:PPL - Post by User

Pembina Pipeline Corp > CEO Leadership Transition
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Comment by hawk35on Nov 22, 2021 10:25am
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Post# 34152590

RE:RE:CEO Leadership Transition

RE:RE:CEO Leadership TransitionIt appears the board of directors decided it was time for a new CEO so they pushed him out.
This is suggested by the phrase in the announcement that the CEO has stepped down to "pursue other opportunities".  I worked at senior levels in many well known organizations and every time an executive was let go, that "pursuing other opportunity" phrase appeared in the announcement.

As to potential reasons, it could be the CEO fell out of sync with the rest of the board or perhaps with the big plans Pembina has already announced for expansion, the board felt someone else would be better suited for the role.
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