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Progress Energy announces senior leadership changes

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LNG Industry,

Progress Energy has released a statement announcing a number of senior management leadership changes.

Michael Culbert, the President and CEO of Progress Energy Canada Ltd (PECL), will step down from his day-to-day responsibilities on 31 October 2016, as he begins his transition into retirement. Nevertheless, he will continue to serve as a director on the PECL board, as well on the Pacific NorthWest LNG (PNW LNG) board, and has been appointed to the non-executive position of Vice Chairman for PECL. He will continue to provide strategic counsel to both companies.

Mark Fitzgerald, meanwhile, has been appointed President and CEO of PECL. He will commence his duties on 1 November 2016, and will also serve as a member of the PECL board. He has extensive experience in the Canadian energy sector, has expertise in upstream natural gas, and will help position the company to supply natural gas to the proposed PNW LNG facility.

Anuar Taib, EVP and CEO Petronas Upstream and Chairman of the Board of both PECL and PNW LNG, said: “On behalf of Petronas I want to thank Mr. Culbert for his years of leadership with Progress Energy. He was instrumental in developing the joint venture partnership with Petronas and subsequent acquisition, while also significantly growing the company’s production of natural gas in British Columbia.

“Mr. Culbert has also led and supported Pacific NorthWest LNG through the federal regulatory process, which recently culminated in the project receiving its environmental certificate.”

Culbert added: “I am confident that I am leaving Progress Energy in a solid position as a leading natural gas development company, which is well positioned with the technical expertise to deliver best-in-class performance as we move towards the development phase.

“Over the last few years we have achieved several key milestones, including the establishment of 25 trillion ft3 of proven and probable reserves and 62 trillion ft3 of total resources in the North Montney in support of the LNG project. With this high quality natural gas asset, I am confident that Mr. Fitzgerald and the entire management team will maintain Progress Energy’s positive trajectory.”

Fitzgerald said: “As a senior member of Progress Energy Canada’s management team, I believe in the exciting future that our company has and our ability to continue to deliver on our history of success. I look forward to assuming my new role and continuing to work with our dedicated staff while also building upon our relationships with government, First Nations and the communities in which we operate.”

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