{"id":789889,"date":"2023-10-12T08:26:31","date_gmt":"2023-10-12T12:26:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/"},"modified":"2023-10-12T08:26:31","modified_gmt":"2023-10-12T12:26:31","slug":"distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/","title":{"rendered":"Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company"},"content":{"rendered":"<div class=\"mw_release\">\n<p>CALGARY, Alberta, Oct.  12, 2023  (GLOBE NEWSWIRE) &#8212; News Release \u2013\u00a0TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce that distinguished industry leader Hal Kvisle has agreed to be appointed as Chair of the new Liquids Pipelines Company\u2019s Board of Directors. Today\u2019s announcement follows the July 27, 2023 disclosure that TC Energy plans to separate into two independent, investment-grade, publicly listed companies through the spinoff of its Liquids Pipelines business (the Transaction or the spinoff).<\/p>\n<p>TC Energy\u2019s decision to pursue the spinoff will allow TC Energy and the new Liquids Pipelines Company to maximize asset value by positioning both entities to fully leverage growth opportunities and meet the growing demand for their services.\u00a0The Transaction is anticipated to be completed on a tax-free basis in the second half of 2024.<\/p>\n<p>\u201cHal is an inspiring and seasoned leader with extensive industry experience and intimate knowledge of TC Energy\u2019s highly competitive North American liquids system,\u201d said Siim A. Vanaselja, Chair of TC Energy\u2019s Board of Directors. \u201cWith his visionary leadership and strategic insights, I am confident Hal\u2019s prudent decision-making and counsel will help position the new company for long-term success.\u201d<\/p>\n<p>A Special Committee of TC Energy\u2019s Board of Directors engaged an executive search firm to identify and evaluate highly qualified Board Chair candidates.<\/p>\n<p>\u201cI am honoured to be named as Chair of the Board of Directors and look forward to working closely with the management team to deliver superior and enduring shareholder value,\u201d said Mr. Kvisle. \u201cThe new company has a tremendous runway of opportunities ahead. This is a critical time to maximize the value of these highly strategic assets that safely transport secure supply to the highest demand markets.\u201d<\/p>\n<p>Mr. Kvisle has immense chair and director experience from his service on the board of directors of companies including Cenovus Energy, ARC Resources Ltd., Finning International Inc., Bank of Montreal and Talisman Energy Inc. From 2001 to 2010, Mr. Kvisle was President and Chief Executive Officer of TransCanada Corporation, now TC Energy. Prior to joining the Company, in 1999, he was the President of Fletcher Challenge Energy Canada Inc. Previously, he held engineering, finance and management positions with Dome Petroleum Limited. Mr. Kvisle has worked in the oil and gas industry since 1975 and in the utilities and power industries since 1999.<\/p>\n<p>\n        <strong>Maximizing the value of the Liquids Pipelines business assets <\/strong><br \/>\n        <br \/>Through the spinoff, TC Energy is strengthening its strategic position and protecting the terminal value of the liquids pipelines assets, increasing the ability to offer service and re-contract long-term, take-or-pay contracts. The new Liquids Pipelines Company will focus on the value of its unrivalled asset base. For additional detail on the Transaction, investor presentation materials and more, please visit our website at <a href=\"http:\/\/www.tcenergy.com\/liquids-spinoff\" rel=\"nofollow noopener\" target=\"_blank\">www.tcenergy.com\/liquids-spinoff<\/a>.<\/p>\n<p>\n        <strong>About TC Energy<\/strong><br \/>\n        <br \/>We\u2019re a team of 7,000+ energy problem solvers working to move, generate and store the energy North America relies on. Today, we\u2019re taking action to make that energy more sustainable and more secure. We\u2019re innovating and modernizing to reduce emissions from our business. And, we\u2019re delivering new energy solutions \u2013 from natural gas and renewables to carbon capture and hydrogen \u2013 to help other businesses and industries decarbonize too. Along the way, we invest in communities and partner with our neighbours, customers and governments to build the energy system of the future.<\/p>\n<p>TC Energy\u2019s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at <a href=\"https:\/\/www.tcenergy.com\/\" rel=\"nofollow noopener\" target=\"_blank\">TCEnergy.com<\/a>.<\/p>\n<p>\n        <strong>FORWARD-LOOKING INFORMATION<\/strong><br \/>\n        <br \/>This release contains certain information that is forward-looking (such statements are usually accompanied by words such as &#8220;anticipate&#8221;, &#8220;expect&#8221;, &#8220;believe&#8221;, &#8220;may&#8221;, &#8220;will&#8221;, &#8220;should&#8221;, &#8220;estimate&#8221;, &#8220;intend&#8221; or other similar words). Our forward-looking information is based on certain key assumptions and is subject to risks and uncertainties, including but not limited to the realization of the anticipated benefits of the Transaction; the terms, timing and completion of the Transaction, including the timely receipt of all necessary court, regulatory, third-party and shareholder approvals; the growth of the North American energy market; the ability of TC Energy and the Liquids Company to successfully implement their respective strategic priorities and whether they will yield the expected benefits; and the ability of TC Energy and the Liquids Company to implement capital allocation strategies aligned with maximizing shareholder value. Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management&#8217;s assessment of TC Energy&#8217;s and its subsidiaries&#8217; future plans and financial outlook. All forward-looking statements reflect TC Energy&#8217;s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Forward-looking statements do not guarantee future performance and you should not put undue reliance on forward-looking information. Actual events and results could be significantly different because of assumptions, risks or uncertainties related to our business, the Transaction or events that happen after the date of this release. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy\u2019s profile on SEDAR at <a href=\"http:\/\/www.sedar.com\" rel=\"nofollow noopener\" target=\"_blank\">www.sedar.com<\/a> and with the U.S. Securities and Exchange Commission at <a href=\"http:\/\/www.sec.gov\" rel=\"nofollow noopener\" target=\"_blank\">www.sec.gov<\/a>.<\/p>\n<p align=\"center\">-30-<\/p>\n<p>\n        <strong>Media Inquiries:<\/strong><br \/>\n        <br \/>Media Relations<br \/><a href=\"mailto:media@tcenergy.com\" rel=\"nofollow noopener\" target=\"_blank\">media@tcenergy.com<\/a><br \/>403-920-7859 or 800-608-7859<\/p>\n<p>\n        <strong>Investor &amp; Analyst Inquiries:<\/strong><br \/>\n        <br \/>Gavin Wylie \/ Hunter Mau<br \/><a href=\"mailto:investor_relations@tcenergy.com\" rel=\"nofollow noopener\" target=\"_blank\">investor_relations@tcenergy.com<\/a><br \/>403-920-7911 or 800-361-6522<\/p>\n<p>PDF available:\u00a0<a href=\"http:\/\/ml.globenewswire.com\/Resource\/Download\/ea1be244-c227-45d3-a3cd-e6c8e50629bc\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/ml.globenewswire.com\/Resource\/Download\/ea1be244-c227-45d3-a3cd-e6c8e50629bc<\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0NzkzNyM1ODY5MDIwIzIwOTQ5ODc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ODM5MmY4NTMtOTRiMi00NDY3LTliZjAtYzU5OWE1MjFjMTg0LTExMDY1NTg=\/tiny\/TC-Energy-Corporation.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CALGARY, Alberta, Oct. 12, 2023 (GLOBE NEWSWIRE) &#8212; News Release \u2013\u00a0TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce that distinguished industry leader Hal Kvisle has agreed to be appointed as Chair of the new Liquids Pipelines Company\u2019s Board of Directors. Today\u2019s announcement follows the July 27, 2023 disclosure that TC Energy plans to separate into two independent, investment-grade, publicly listed companies through the spinoff of its Liquids Pipelines business (the Transaction or the spinoff). TC Energy\u2019s decision to pursue the spinoff will allow TC Energy and the new Liquids Pipelines Company to maximize asset value by positioning both entities to fully leverage growth opportunities and meet the growing demand for their services.\u00a0The Transaction &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-789889","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CALGARY, Alberta, Oct. 12, 2023 (GLOBE NEWSWIRE) &#8212; News Release \u2013\u00a0TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce that distinguished industry leader Hal Kvisle has agreed to be appointed as Chair of the new Liquids Pipelines Company\u2019s Board of Directors. Today\u2019s announcement follows the July 27, 2023 disclosure that TC Energy plans to separate into two independent, investment-grade, publicly listed companies through the spinoff of its Liquids Pipelines business (the Transaction or the spinoff). TC Energy\u2019s decision to pursue the spinoff will allow TC Energy and the new Liquids Pipelines Company to maximize asset value by positioning both entities to fully leverage growth opportunities and meet the growing demand for their services.\u00a0The Transaction &hellip; Continue reading &quot;Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-12T12:26:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0NzkzNyM1ODY5MDIwIzIwOTQ5ODc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company\",\"datePublished\":\"2023-10-12T12:26:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\\\/\"},\"wordCount\":974,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODk0NzkzNyM1ODY5MDIwIzIwOTQ5ODc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\\\/\",\"name\":\"Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company - 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Today\u2019s announcement follows the July 27, 2023 disclosure that TC Energy plans to separate into two independent, investment-grade, publicly listed companies through the spinoff of its Liquids Pipelines business (the Transaction or the spinoff). TC Energy\u2019s decision to pursue the spinoff will allow TC Energy and the new Liquids Pipelines Company to maximize asset value by positioning both entities to fully leverage growth opportunities and meet the growing demand for their services.\u00a0The Transaction &hellip; Continue reading \"Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/","og_site_name":"Market Newsdesk","article_published_time":"2023-10-12T12:26:31+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0NzkzNyM1ODY5MDIwIzIwOTQ5ODc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company","datePublished":"2023-10-12T12:26:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/"},"wordCount":974,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0NzkzNyM1ODY5MDIwIzIwOTQ5ODc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/distinguished-industry-leader-hal-kvisle-named-as-board-chair-of-new-liquids-pipelines-company\/","name":"Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company - 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