Atlantic Power Corp. said Kenneth M. Hartwick has resigned from the company's board of directors, effective March 11, 2016, to assume his new role as senior vice president and chief financial officer of Ontario Power Generation.
OPG is a power generation company based in Toronto and owned by the province of Ontario. It generates about half the province's power supply needs.
Hartwick had been a director of the company since October 2004. He also served as the company's interim president and CEO from September 2014 to January 2015.
"On behalf of the entire board of directors, I would like to thank Ken for his many contributions to the board over the past 11 years and for his service to the company as interim CEO. His many years of leadership experience in the energy sector have been invaluable to the board as well as to the company's management. We wish him well in his new role at OPG," said Irving Gerstein, chairman of the board of Atlantic Power.
"I have enjoyed my time on the Atlantic Power board and step down with confidence that the management team and board have a clear strategic direction on which they will continue to execute. I look forward to the company's continued success," said Kenneth Hartwick.
Atlantic Power owns and operates a fleet of power generation assets in the United States and Canada. The company's power generation projects sell electricity to utilities and other large commercial customers largely under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. Atlantic Power's power generation projects in operation have an aggregate gross electric generation capacity of about 2,138 MW in which its aggregate ownership interest is about 1,500 MW.