Pembina CEO Mick Dilger Steps Down
HOUSTON (P&GJ) — Pembina Pipeline Corporation announced Monday that Mick Dilger has stepped down as President and CEO to pursue other opportunities and that Chief Financial Officer Scott Burrows was named by its board to serve replace him on an interim basis.
The transition comes weeks after Dilger said Pembina was asking backers of two competing proposals for carbon capture hubs in the oil-producing province of Alberta to combine efforts with its own plan.
"We are fortunate to have Scott stepping in to serve as our Interim President and CEO," said Randall Findlay, chair of the Pembina Board. "With 11 years of experience at Pembina and nearly 18 years in the energy industry, Scott has been a key architect of the Company's growth and financial discipline, overseeing over $20 billion in successful strategic acquisitions and growth investments that have reshaped our Company over the last decade."
Prior to his appointment as interim President and CEO, Burrows was Pembina's CFO for approximately seven years, overseeing the company's financial operations, investor relations, treasury, tax, risk management, corporate planning, corporate development and capital market financings.
Previously, Burrows served as vice president, Capital Markets, and as vice president, Corporate Development and Investor Relations. Before joining Pembina in November 2010, Scott spent seven years in energy-focused investment banking.
Pembina said Cameron Goldade, vice president of its capital markets division, would take over as its interim CFO. Prior to joining Pembina in 2015, Cameron spent eleven years in energy-focused investment banking
"I am immensely proud of the Pembina team, the culture we have created, and what we have accomplished together," Dilger said via a Pembina news release.
"When I joined Pembina, it was a $2.5 billion dollar entity in a single business and has grown into a roughly $35 billion entity, operating safely, and successfully in multiple jurisdictions and in many businesses, with more underway," Dilger added. "Pembina has a world-class team and is well positioned for the future. I will miss the many stakeholders whom I had the opportunity to serve."
The company said it is working to identify and evaluate internal and external candidates for the CEO role.
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