Altagas Announces CEO Succession Plan

CALGARY, AB, Nov. 21, 2022  – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) announces that after a successful four years of leading the organization, Randy Crawford, President and Chief Executive Officer, will retire from AltaGas in the first half of 2023 as part of a planned leadership succession process. During this period, the Board of Director’s will complete its work with external advisors to evaluate internal and external candidates. This timeline will ensure an orderly transition, as Mr. Crawford will remain in his role until a successor is named, which is focused on delivering the best outcomes for all of AltaGas’ stakeholders.

“It has been an honor and a privilege to serve as AltaGas’ President and CEO for the past four years,” said Randy Crawford. “I have been fortunate to develop and lead a highly talented and dedicated team to successfully transform the Company into a leading exporter of Canadian LPGs and a high-growth U.S. gas utility,” Mr. Crawford said. “Earlier this year, based on the strong financial and strategic position of the Company, I signaled to the Board that I felt it made sense to start planning my exit to allow for a new leader to build on the Company’s strengths and capitalize on the new opportunities it has, including those associated with the energy transition. One of the defining characteristics of AltaGas over the last four years has been the quality and strength of its leadership team, and I’m very proud of and excited for the team that will lead AltaGas into the future. Most importantly, I want to thank my team and all our approximately 3,000 employees for everything they have accomplished.”

“The past four years have been filled with intentional and impactful moves at AltaGas” said Pentti Karkkainen, Chair of the Board. “Through Randy’s leadership, the Company successfully refocused on two core businesses — both of which are centered on operating long-life infrastructure assets that connect customers and markets and are positioned to provide resilient and durable value for AltaGas’ stakeholders. The Board thanks Randy for the critical role he has played in shaping our strategy and empowering a strong leadership team to execute against it. Our leadership team has made marked changes in how we operate and service our customers with the collective push of our employees driving strong corporate results. We look forward to working with Randy on a successful transition that ensures AltaGas’ long-term success for our stakeholders.”

AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The Company operates a diversified, lower-risk, high-growth Utilities and Midstream business that is focused on delivering resilient and durable value for its stakeholders.

For more information visit www.altagas.ca or reach out to one of the following:

Jon Morrison
Senior Vice President, Investor Relations & Corporate Development
Jon.Morrison@altagas.ca

Adam McKnight
Director, Investor Relations
Adam.McKnight@altagas.ca

Investor Inquiries
1-877-691-7199
investor.relations@altagas.ca

Media Inquiries
1-403-206-2841
media.relations@altagas.ca

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