TransAlta Corporation Announces Retirement of CFO Todd Stack and Appointment of Joel E. Hunter as Successor

TransAlta Corporation (TSX: TA) (NYSE: TAC) unveils significant leadership transitions, with the retirement of Todd Stack, Executive Vice-President, Finance and Chief Financial Officer, effective June 30, 2024. In light of Stack’s retirement, TransAlta announces the appointment of Joel E. Hunter as Executive Vice-President, Finance, and Chief Financial Officer, effective July 1, 2024. Hunter brings over 26 years of distinguished experience in the energy sector, with expertise in finance, capital markets, and strategic planning.

Stack’s departure marks the conclusion of an illustrious 34-year tenure with the company, during which he played a pivotal role in enhancing TransAlta’s financial performance and strategic positioning.

Hunter, a Chartered Financial Analyst (CFA), holds a Bachelor of Commerce in Accounting from the University of Calgary and a Bachelor of Arts in Economics from the University of Regina. His appointment underscores TransAlta’s commitment to appointing seasoned professionals capable of driving sustainable growth and value creation.

John Kousinioris, President and CEO of TransAlta, extended heartfelt appreciation to Stack for his invaluable contributions and steadfast leadership throughout his tenure. Stack’s role in fortifying TransAlta’s balance sheet and streamlining corporate operations has been instrumental in driving the company’s success and growth trajectory.

Kousinioris expressed enthusiasm over Hunter’s appointment, highlighting his proven track record and leadership qualities as assets that will propel TransAlta toward achieving its strategic objectives. Hunter’s extensive financial acumen and collaborative leadership style position him as a valuable addition to TransAlta’s executive team. The Board and employees extended a warm welcome to Hunter, expressing confidence in his ability to contribute to TransAlta’s continued success.

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