A new man will soon take the CEO chair at Pembina Pipeline (NYSE:PBA). The company announced it has named Mick Dilger to the position, effective January 1, 2014. At that time, he will also be appointed to the board of directors. Dilger, currently the firm's president and COO, will take the place of the retiring Bob Michaleski.
Dilger has been at Pembina since 2005, when he was appointed its vice president of business development. He was promoted to COO in 2008 and named president in 2012.
Michalski is a longtime executive at the firm, having joined it in 1978. In 1992, he was named vice president of finance and CFO in 1997. He ascended to the CEO position in January 2000. Following his retirement from the executive suite, he will continue to serve on Pembina's board of directors.
Fool contributor Eric Volkman has no position in Pembina Pipeline, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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