Algonquin Power & Utilities names Robert Stefani as new CFO

OAKVILLE, Ontario - Algonquin Power & Utilities Corp. (TSX/NYSE:AQN) announced Thursday the appointment of Robert J. Stefani as Chief Financial Officer, effective January 5, 2026.

Stefani will join Algonquin from Southwest Gas Holdings, Inc. (NYSE:SWX), where he has served as Senior Vice President and Chief Financial Officer for the past three years. During his tenure at Southwest Gas, he led several significant financial transactions, including the $1.5 billion divestiture of MountainWest pipeline and the initial public offering of Centuri Holdings, Inc. (NYSE:CTRI).

Prior to Southwest Gas, Stefani was Senior Vice President, Chief Financial Officer and Treasurer at PECO Energy, a subsidiary of Exelon Corporation (NASDAQ:EXC). His career also includes roles in corporate development at Exelon, strategic investments at Caterpillar Inc. (NYSE:CAT), and investment banking positions at Marathon Capital and Citigroup (NYSE:C).

"Rob brings an exceptional blend of financial discipline, capital markets expertise, and strategic leadership to Algonquin," said Rod West, Chief Executive Officer of Algonquin, in a press release statement.

Brian Chin, who has been serving as Interim Chief Financial Officer, will continue in this role until Stefani's arrival in January 2026. Following the transition, Chin will remain with the company as "a key investor-facing leader," according to the announcement.

Algonquin Power & Utilities Corp. is a diversified international generation, transmission, and distribution utility with operations primarily in the United States and Canada, serving over one million customer connections.

In other recent news, Algonquin Power & Utilities Corp. reported its second-quarter 2025 earnings, meeting expectations for both earnings per share (EPS) and revenue. The company posted an EPS of $0.04, aligning with analysts' projections, and reported revenue of $535.59 million, slightly surpassing the forecast of $535.58 million. Additionally, Desjardins upgraded Algonquin Power's stock rating from Hold to Buy, citing a "compelling valuation following recent weakness." The firm also raised its price target for the company to $6.25 from $6.00. Desjardins expressed increased confidence in Algonquin's management and its ability to achieve guidance targets. These developments reflect the latest updates concerning Algonquin Power & Utilities Corp.

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