Algonquin Power (TSE:AQN) has released an update.
Algonquin Power & Utilities Corp. is currently in the midst of a critical transitional phase, focusing on the sale of its renewable energy segment, searching for a new permanent CEO, and streamlining its operations for a more efficient and simplified future strategy. The Company will review director nominations from Starboard Value LP for the upcoming Annual General Meeting, where Algonquin will provide its official director recommendations. Shareholders are advised no action is needed at this time while the company proceeds with its strategic initiatives.
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