N※N

Capital Power Appoints New CFO Kevin Macintosh

  //business-finance.news-articles.net/content/202 .. ital-power-appoints-new-cfo-kevin-macintosh.html
  Published in Business and Finance on Thursday, February 19th 2026 at 9:54 GMT by Toronto Star
      Locales: Alberta, CANADA

EDMONTON, Alberta - February 19th, 2026 - Capital Power Corporation today announced the appointment of Kevin Macintosh as its new Chief Financial Officer (CFO), effective March 16th, 2026. The move comes as the North American energy landscape continues to rapidly evolve, demanding strong financial leadership to navigate challenges and capitalize on emerging opportunities.

Macintosh will succeed Stefan Segger, who is retiring after a distinguished career with Capital Power. Segger's departure marks the end of an era for the company, and his contributions will be keenly felt. Capital Power's CEO, Greg Wannell, expressed gratitude for Segger's long-standing service, acknowledging his pivotal role in the company's growth and stability.

However, the appointment of Macintosh signals a clear focus on the future. He brings a wealth of experience honed during his tenure as CFO of TransAlta Corporation, another significant player in the energy sector. This background is seen as crucial for Capital Power as it executes its ambitious growth strategy in a market increasingly focused on sustainable energy solutions.

A Sector in Flux: The Need for Financial Acumen

The timing of this leadership change is particularly noteworthy. The energy sector is undergoing a dramatic transformation, driven by a confluence of factors. The increasing urgency of climate change is pushing for a shift away from fossil fuels toward renewable sources like wind, solar, and hydro. Government regulations and incentives are further accelerating this transition. Simultaneously, demand for electricity is rising, fueled by population growth, increased electrification of transportation, and the proliferation of data centers.

This creates a complex operating environment for power generation companies. They must balance the need to maintain reliable and affordable power supply with the imperative to reduce carbon emissions. Financial leaders like Macintosh will be instrumental in allocating capital to strategically important projects, managing risk, and ensuring long-term financial sustainability. Capital Power, with its diverse portfolio of generation facilities across North America, is uniquely positioned to play a key role in this transition.

Capital Power's Strategic Vision and Macintosh's Role

Capital Power has publicly stated its commitment to sustainable power generation. This commitment is not merely a matter of corporate social responsibility; it's a fundamental business strategy. The company is actively investing in renewable energy projects, while also working to optimize the performance and reduce the environmental impact of its existing thermal generation facilities.

Macintosh's experience will be vital in supporting this strategy. His background in financial leadership, particularly within the energy sector, will enable him to assess the financial viability of different investment opportunities, negotiate favorable financing terms, and manage the financial risks associated with large-scale infrastructure projects. Experts anticipate that Macintosh will be heavily involved in Capital Power's capital allocation decisions, ensuring that the company prioritizes projects that deliver both financial returns and environmental benefits.

In his statement, Macintosh expressed excitement about joining Capital Power and contributing to the company's success. He highlighted his admiration for Capital Power's strategic vision, suggesting a strong alignment between his own values and the company's objectives. This synergy will likely foster a collaborative and productive working relationship with Wannell and the rest of the leadership team.

Looking Ahead: Navigating the Challenges

While Macintosh's appointment is a positive development for Capital Power, the company still faces significant challenges. The energy sector is highly competitive, and companies must constantly innovate to remain competitive. Rising interest rates and supply chain disruptions could also pose headwinds.

Furthermore, the regulatory landscape is constantly evolving. Capital Power must stay abreast of changes in environmental regulations and energy policy to ensure compliance and maintain its license to operate.

Despite these challenges, Capital Power appears well-positioned to thrive in the years ahead. With a strong leadership team, a diversified portfolio of assets, and a clear commitment to sustainable power generation, the company is poised to capitalize on the opportunities presented by the energy transition. The arrival of Kevin Macintosh as CFO represents a significant step in that direction.