Just Energy Group Inc. Appoints R. Scott Gahn as President and CEO
August 05 2019 - 7:30AM
Just Energy Group Inc. (TSX:JE; NYSE:JE) (“
Just
Energy” or the “
Company”) announced today
that Patrick McCullough has departed the Company as President and
Chief Executive Officer and has stepped down from the Board of
Directors of Just Energy and the Company’s subsidiaries, effective
immediately.
Just Energy has named director, R. Scott Gahn,
as its President and Chief Executive Officer. Mr. Gahn has a
long history in the deregulated energy industry, having served on
the Electric Reliability Council of Texas board from 2005 to 2008
and having been involved in the sale of deregulated and regulated
electricity and natural gas for over 28 years. He was one of the
founding shareholders and Chief Executive Officer of Just Energy
Texas LP, which was acquired by the Company in 2007.
Following the acquisition, Mr. Gahn was the Chief Operating Officer
of Just Energy until June 2011. He was appointed to the board
in December 2013.
“I am very excited to have Scott Gahn as our
Chief Executive Officer. He represents the leadership that is
needed for Just Energy at this time and for the future, while
bringing a strong background in executing transactions in the
deregulated energy industry,” said Rebecca MacDonald, Just Energy’s
Executive Chair. Ms. MacDonald continued, “The Strategic
Review is ongoing.”
ABOUT JUST ENERGY
Just Energy (TSX:JE; NYSE:JE) is a leading
consumer company focused on essential needs, including electricity
and natural gas commodities; health and well-being, such as water
quality and filtration devices; and utility conservation, bringing
energy efficient solutions and renewable energy options to
consumers. Currently operating in the United States, Canada and the
United Kingdom, Just Energy serves residential and commercial
customers. Just Energy is the parent company of Amigo Energy,
EdgePower Inc., Filter Group Inc., Green Star Energy, Hudson
Energy, Interactive Energy Group, Just Energy Advanced Solutions,
Tara Energy, and Terrapass. Visit https://investors.justenergy.com
to learn more.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking
statements. These statements are based on current expectations that
involve a number of risks and uncertainties which could cause
actual results to differ from those anticipated. These risks
include, but are not limited to, general economic and market
conditions, levels of customer natural gas and electricity
consumption, rates of customer additions and renewals, rates of
customer attrition, fluctuations in natural gas and electricity
prices, changes in regulatory regimes, results of litigation and
decisions by regulatory authorities, competition and dependence on
certain suppliers. Additional information on these and other
factors that could affect Just Energy’s operations, financial
results or dividend levels are included in Just Energy’s annual
information form and other reports on file with Canadian securities
regulatory authorities which can be accessed through the SEDAR
website at www.sedar.com, on the U.S. Securities and Exchange
Commission’s website at www.sec.gov or through Just Energy’s
website at www.justenergygroup.com.
Neither the Toronto Stock Exchange nor the New
York Stock Exchange has approved nor disapproved of the information
contained herein.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Jim BrownChief Financial OfficerPhone: (713)
544-8191 jbrown@justenergy.com
or
Michael CummingsInvestor RelationsPhone: (617)
982-0475michael.cummings@alpha-ir.com
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