CALGARY, AB, Sept. 28, 2023 /CNW/ – Inter Pipeline (“IPL”) today announced the appointment of Mr. Paul Hawksworth as President and Chief Executive Officer (“CEO”), effective November 1, 2023.
Mr. Paul Hawksworth, IPL’s Chief Financial Officer (“CFO”), will succeed current President and CEO and Brookfield Infrastructure Operating Partner, Mr. Brian Baker. Mr. Baker will remain engaged with IPL as Board Chair while IPL’s current Chair, Ms. Deborah Close will continue to serve as an independent board member. IPL would like to thank Ms. Close for her contributions since joining the Board in 2021.
“Over the past two years, Paul has played an instrumental role in Inter Pipeline’s transformation following its acquisition by Brookfield Infrastructure,” said Mr. Baker. “He is a proven leader with the necessary experience and knowledge to ensure Inter Pipeline continues to execute its strategic vision”.
Mr. Hawksworth will assume accountability for the strategic planning and operational performance of IPL’s transportation, facilities, and marketing business units while the Heartland Polymers business will remain under the direction of Mr. Todd Karran, CEO Heartland.
Mr. Doug Wright will assume the role of IPL’s Chief Financial Officer. Mr. Wright is joining IPL from Brookfield Infrastructure where he was a Vice President. In his time with Brookfield, he played an integral part in the infrastructure operations team where he has focused on financial oversight of Brookfield’s midstream portfolio including strategic planning, budgeting and capital markets activities and capital allocation decisions. Since Brookfield’s acquisition of IPL, Mr. Wright has worked closely with many members of the IPL team and brings a strong familiarity with its business to the role.
Mr. Wright will be accountable for the execution of key financial strategies and provide leadership and direction in the areas of financial reporting and compliance, corporate finance, tax, treasury, investor relations, enterprise risk management, strategic sourcing, corporate planning & development, and information technology.
Paul Hawksworth Biography
Mr. Hawksworth joined Inter Pipeline in October 2021 from Brookfield Infrastructure where he was a Senior Vice President responsible for evaluating investment opportunities across the midstream sector. Prior to joining Brookfield in 2013, he held mergers and acquisitions advisory roles with leading investment banks and accounting firms focused on upstream joint ventures, midstream acquisitions and downstream refining and marketing assets. He is a Chartered Professional Accountant, a Chartered Business Valuator and holds a Bachelor of Commerce from the University of British Columbia.
Doug Wright Biography
Mr. Wright has held several roles in Brookfield Infrastructure’s finance team and has been actively involved in a number of key transactions. Prior to joining Brookfield in 2016, he was in the assurance and advisory group at Collins Barrow Chartered Accountants. Mr. Wright holds a Bachelor of Commerce from Dalhousie University and is a Chartered Professional Accountant.
About Inter Pipeline
Inter Pipeline is a major petroleum transportation and natural gas liquids processing business based in Calgary, Alberta, Canada. Inter Pipeline owns and operates energy infrastructure assets in Western Canada including the Heartland Petrochemical Complex.
Manager, Corporate Communications
Certain information contained herein may constitute forward-looking statements that involve risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, including, but not limited to, statements regarding Inter Pipeline’s business plans and strategic priorities. Such information, although considered reasonable by Inter Pipeline at the time of preparation, may later prove to be incorrect and actual results may differ materially from those anticipated in the statements made. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements often contain terms such as “may”, “will”, “should”, “anticipate”, “expects”, “continue” and similar expressions. Such risks and uncertainties include, but are not limited to, risks associated with operations, such as loss of markets, regulatory matters, environmental risks, industry competition, potential delays and cost overruns of construction projects, and the ability to access sufficient capital from internal and external sources. You can find a discussion of those risks and uncertainties in Inter Pipeline’s securities filings at www.sedarplus.ca. The forward-looking statements contained in this news release are made as of the date of this document, and, except to the extent required by applicable securities laws and regulations, Inter Pipeline assumes no obligation to update or revise forward-looking statements made herein or otherwise, whether as a result of new information, future events, or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary note.
SOURCE Inter Pipeline Ltd.