– CANADA, Ontario – Algonquin Power & Utilities Corp. (TSX: AQN / NYSE: AQN) announced the appointment of CEO Rod West to its Board of Directors.
The Board also intends to appoint Gavin Molinelli to the Board of Directors, subject to approval by the Federal Energy Regulatory Commission.
“Following constructive discussions with Starboard, we are pleased to have reached this agreement which we believe benefits all of our shareholders. Gavin will be a valuable addition to our Board as we focus on moving the Company forward on its clearly stated strategy to transition to a pure-play regulated utility,” said Board Chairman, Randy Laney. “We’re proud to have a CEO of Rod’s caliber leading Algonquin into the future and delighted to welcome him to the Board. We look forward to continuing to work closely with Rod and the management team to execute our strategy and unlock value for our stakeholders.”
About Rod West
Rod West is AQN’s CEO. He served as Group President, Utility Operations for Entergy. He oversaw the company’s electric and natural gas distribution, customer service operations, the utility’s engagement with state and local regulators, and regulated retail commercial development and innovation. From 2010 to 2017, he served as EVP and CAO at Entergy. Before that, he served as President and CEO of Entergy New Orleans.
Rod West earned his Juris Doctor and MBA from Tulane University. He also has a bachelor’s degree from the University of Notre Dame, where he lettered three years and played linebacker and tight end for Coach Lou Holtz and the Fighting Irish’s 1988 National Championship football team.
About Gavin Molinelli
About Gavin Molinelli
Gavin Molinelli is Senior Partner and Portfolio Manager at Starboard Value LP. The Company and Starboard, which owns approximately 8.66% of Algonquin’s outstanding common shares, have entered into a cooperation agreement dated March 13, 2025.
Gavin Molinelli has extensive public company board experience, having served on boards through his role at Starboard Value, including as Chair of Acacia Research Corp. Previously, he served on the boards of Forest City Realty Trust, Inc., Depomed, Inc., Wausau Paper Corp., and Actel Corp. before Starboard’s formation in 2011, he was a Director and an Investment Analyst at Ramius LLC for the funds that comprised the Value and Opportunity investment platform. Before joining Ramius in October 2006, Gavin Molinelli was an analyst in the Technology Investment Banking group at Bank of America Securities LLC.
Gavin Molinelli received a B.A. in Economics from Washington and Lee University.
About Algonquin Power & Utilities Corp. and Liberty
Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D, are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN’s common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively.
For more: www.algonquinpower.com.
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