Algonquin Power & Utilities appoints Amy Walt as chief customer officer

OAKVILLE, Ontario - Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) announced the appointment of Amy Walt as Chief Customer Officer, effective June 30. Walt will oversee customer experience across the company’s water, gas, and electric operations, reporting directly to the CEO.

In her new role, Walt will be responsible for developing customer-focused strategy and an operating model supporting affordability, reliability, and innovation, according to a company press release.

Walt brings over 25 years of utility industry experience, having held senior leadership positions at Entergy, Consumers Energy, and DTE Energy. Her previous roles included leading customer operations, revenue management, and strategic transformation initiatives. According to InvestingPro data, she joins a company with strong fundamentals, maintaining dividend payments for 28 consecutive years and holding liquid assets that exceed short-term obligations.

"Amy’s expertise in data analytics, process improvement, and customer-centric strategy makes her exceptionally well-suited to help us strengthen trust with our customers, elevate our service standards, and contribute to improved regulatory outcomes," said Rod West, Chief Executive Officer of AQN.

Algonquin Power & Utilities Corp. is the parent company of Liberty, providing energy and water solutions to over one million customer connections, primarily in the United States and Canada.

The appointment reflects the company’s focus on creating sustainable value for stakeholders, beginning with customers, according to the statement. For deeper insights into AQN’s financial health and future prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US equities.

In other recent news, Algonquin Power & Utilities Corp. has announced the appointment of Noel Black as Chief Regulatory and External Affairs Officer, effective June 30. This role is intended to strengthen the company’s regulatory strategy and external communications. RBC Capital has raised Algonquin Power’s stock price target to $6.50 from $6.00, following the introduction of the "Back to Basics" strategy, which outlines earnings per share targets through 2027. BMO Capital maintained its Market Perform rating for Algonquin Power, noting the potential for significant long-term upside if the company successfully executes its strategic plans. Raymond James also increased the stock price target to $6.00 from $5.00, while expressing caution about near-term challenges related to financing and depreciation costs. Scotiabank raised its price target to $6.50, highlighting the company’s 2027 earnings per share guidance, which exceeded previous estimates. Algonquin Power’s strategy focuses on improving returns on equity and optimizing costs, with no new equity expected to be needed through 2027. These developments reflect the market’s response to Algonquin Power’s strategic initiatives and future growth prospects.

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