ATCO Appoints Pierre Alarie as Managing Director, Latin America

CALGARY, Alberta, Nov. 19, 2019 (GLOBE NEWSWIRE) -- ATCO Ltd. (TSX: ACO.X, ACO.Y)

ATCO is continuing to prioritize global growth, today announcing the appointment of Pierre Alarie as Managing Director, Latin America. In this new role, Mr. Alarie assumes responsibility for the strategic leadership and overall direction of ATCO’s energy infrastructure businesses within Latin America, including its existing operations in Mexico, and for positioning the company for future growth.

“Pierre possesses a rare combination of public and private sector expertise, paired with a deep understanding of the market in Latin America, as well as our business and government partners,” said Nancy Southern, Chair & CEO, ATCO Ltd. “Moving forward, Pierre will help build upon the momentum we've established in expanding our footprint in the region, and will help foster an open dialogue with our customers and communities.”

Mr. Alarie’s career spans more than three decades. Most recently, he served as Canada’s Ambassador to the United Mexican States. Prior to his role as Ambassador, he held several senior positions with prominent international firms, including Bombardier, Caisse de Dépôt et placement du Québec, Bank of Nova Scotia, and Hydro-Québec International.

“My vision is to further develop ATCO’s presence in Latin America, and to work openly and collaboratively with government, communities and industry to support the growth of the energy sector in the region,” said Mr. Alarie.

Mr. Alarie’s appointment follows years of steady growth for ATCO in Latin America. In 2018, ATCO entered Mexico’s wholesale electricity market as a Qualified Supplier with its subsidiary ATCO Energía, acquired a 35-MW hydroelectric power station in the state of Veracruz, and announced plans to build a cogeneration project near Gómez Palacio, Durango. The company also recently expanded its modular structures businesses in Mexico and Chile, in addition to acquiring a 40 per cent stake in Neltume Ports, a leading port operator and developer in South America.

With approximately 6,000 employees and assets of $23 billion, ATCO is a diversified global holding corporation with investments in Structures & Logistics (workforce housing, innovative modular facilities, construction, site support services, and logistics and operations management); Energy Infrastructure (electricity generation, transmission, and distribution; natural gas transmission, distribution and infrastructure development; energy storage and industrial water solutions; and electricity and natural gas retail sales); Transportation (ports and transportation logistics); and Commercial Real Estate. More information can be found at www.ATCO.com.

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