David LeGresley appointed to Board of Pembina Pipeline Corporation
CALGARY, Aug. 16 /CNW/ - Pembina Pipeline Corporation, a subsidiary of Pembina Pipeline Income Fund, announced today the appointment of David LeGresley to its Board of Directors effective August 16, 2010.
"It's great that David is joining our Board. I know our company and its investors will benefit from his appointment," said Lorne Gordon, Pembina's Chairman of the Board. "His financial background and investment banking experience will serve Pembina well as we move from an income trust to a corporation."
Mr. LeGresley is a former executive of National Bank Financial and spent 12 years with that company, most recently serving as Vice Chairman from 2006 to 2008. Previously he was responsible for National Bank Financial's corporate and investment banking activities in Canada from 2000 to 2006. Other career experiences include positions at Salomon Brothers Canada from 1990 to 1996 and CIBC Wood Gundy from 1986 to 1990. Throughout his career he has been active in providing strategic and financing advice to a wide range of Canadian natural resource companies. Currently, Mr. LeGresley serves as a Director of NB Split Corp., a TSX-listed structured products company, and he is on the advisory committee for CANFAR (the Canadian Foundation for AIDS Research).
Mr. LeGresley received a Bachelor of Applied Science degree in engineering from University of Toronto in 1981 and a Master of Business Administration from Harvard Business School in 1986. He is also a member of the Institute of Corporate Directors.
Mr. LeGresley's appointment to Pembina's Board was made in contemplation of anticipated retirements. His appointment includes serving on the Governance Committee, Health, Safety and Environment Committee and the Human Resources & Compensation Committee. Committee charters and a full description of Mr. LeGresley's biography can be found on www.pembina.com.
Pembina Pipeline Corporation transports crude oil and natural gas liquids produced in Western Canada, owns and operates oil sands pipelines and has a growing presence in the midstream and gas services sectors. Pembina Pipeline Income Fund trust units (PIF.UN) and convertible debentures (PIF.DB.B) are traded on the Toronto Stock Exchange.
For further information: Glenys Hermanutz, Vice President, Corporate Affairs, Pembina Pipeline Corporation, (403) 231-7500, 1-888-428-3222, e-mail: [email protected]