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Ascendant Group Announces Senior Management Change
Hamilton, Bermuda – 05 August, 2014 – Ascendant Group Limited (the "Ascendant Group" or “Company”; Ticker: AGL.BH) today announced that Senior Vice President & Chief Financial Officer Christopher A. Coelho, C.A., has tendered his resignation, effective 31 August, 2014. Mr. Coelho will serve as an advisor to the Company on regulatory matters until 31 December, 2014.
Announcing the resignation, Walter M. Higgins, President & Chief Executive Officer, said, “Chris has been a valuable member of the senior management team and an important contributor to Ascendant Group since joining the company in September 2009. The Board of Directors and senior management thank him for his leadership, dedication and expertise, and extend to him best wishes for success with future endeavors.”
The Company has initiated a search for a new Chief Financial Officer.
Ascendant Group Limited is a publicly traded investment holding company whose shares trade on the Bermuda Stock Exchange (AGL.BH). Ascendant Group’s Vision is to be Bermuda’s trusted, preferred provider of energy and infrastructure solutions. Ascendant Group is the parent company of Bermuda Electric Light Company Limited (BELCO), Bermuda Gas & Utility Company Limited and AG Holdings Limited, which includes Air Care Limited, iFM Limited, iEPC Limited, PureNERGY Renewables, Ltd. and Ascendant Properties Limited. For further information about Ascendant Group Limited, visit www.ascendant.bm
Contact: Linda Smith,
SVP Corporate Relations
441-299-2814