Pembina announces appointment of Scott Burrows as President and Chief Executive Officer strengthens executive leadership team with additional promotion and appointment

“Pembina today has great momentum and significant opportunities, and we are thrilled to have Scott take on the CEO role permanently and lead Pembina into the future,” said Randy Findlay, Chair of the Pembina Board of Directors. “Scott brings the critical capabilities and qualities we need to build on our more than 65-year history, develop our world-class team, strengthen relationships with our stakeholders and deliver value from our core businesses. Just as importantly, he has the strategic vision and experience to advance our position as a truly differentiated, integrated leader in the midstream space. The Board looks forward to continuing to work with Scott and the rest of the Pembina leadership team.”

Pembina also announced two additional executive appointments. Jaret Sprott, the Company’s current Senior Vice President & Chief Operating Officer, Facilities, has been appointed Senior Vice President & Chief Operating Officer, Pipelines and Facilities; and Eva Bishop will be joining Pembina as Senior Vice President, Corporate Services. Ms. Bishop has received her Canadian work authorization and her appointment will be effective upon her relocation from London to Calgary in April. Cameron Goldade, previously Pembina’s Vice President – Capital Markets, continues to serve as the Company’s interim Chief Financial Officer, as management and the Board evaluate internal and external candidates for that position. Along with these leadership changes, the Company also announced that Harry Andersen, formerly Senior Vice President & Chief Operating Officer, Pipelines, has departed the Company to pursue other opportunities.

“I want to thank the Board for this opportunity to lead Pembina at an important and dynamic time for our company and our industry,” said Scott Burrows. “We have a tremendous team at Pembina and a group of partners and stakeholders that we are very proud to serve and collaborate with. Our industry will continue to evolve to meet the needs of our customers and provide sustainable energy solutions for this generation and those to come. In that process, Pembina will continue to be a leader, employer and partner of choice, with a workforce dedicated to excellence, safety and continuous improvement. I look forward to delivering on our goals for the benefit of our shareholders, customers, communities and employees.”

Added Burrows, “I am also very excited by the two new appointments that will significantly strengthen our leadership team. Jaret Sprott’s promotion to the newly combined position of Pembina’s COO, Pipelines and Facilities, recognizes his strong leadership and significant contributions to the Company over the last seven years. We are also very pleased that Eva Bishop, a proven leader with nearly 30 years of experience across the energy, consumer goods and network industries, will be joining the Company in April as SVP, Corporate Services. Eva will support the Executive Committee in developing new opportunities to benefit Pembina’s various stakeholders including our employees. Finally, I want to thank Harry Andersen for his contributions to Pembina over the last 10 years and wish him well on his next endeavor.”

Biographies

Scott Burrows

Since November 2021, Scott served as interim President and Chief Executive Officer. Previously, Scott was Chief Financial Officer of Pembina for approximately seven years, overseeing the Company’s financial operations, investor relations, treasury, tax, risk management, corporate planning, corporate development and capital market financings.

Prior to his role as CFO, Scott served as Vice President, Capital Markets, and as Vice President, Corporate Development and Investor Relations. In these roles, Scott was responsible for guiding Pembina through its corporate-level financial analysis of business opportunities in addition to strategic development and planning, acquisitions and divestitures. He also supported the Company’s participation in the capital markets by evaluating various financing alternatives and oversaw Pembina’s investor relations and related marketing initiatives.

Before joining Pembina in November 2010, Scott spent seven years in energy-focused investment banking where he provided advice and counsel related to mergers and acquisitions, dispositions, joint ventures and equity and debt financings. He has considerable experience in the energy industry, including petroleum, natural gas and other product pipelines and related infrastructure facilities. Scott has a Bachelor of Commerce from the University of British Columbia and is also a CFA® Charterholder.

Jaret Sprott

Since January 2018, Jaret served as Senior Vice President & Chief Operating Officer, Facilities. In this role, Jaret was accountable for safe, reliable and responsible management of gas processing, fractionation, rail, storage and import/export assets at Pembina. He also oversaw Pembina’s Aux Sable and Veresen Midstream joint ventures and was a member of the Cedar LNG Board. These responsibilities will continue in his new position.

Prior to his role as SVP & COO, Facilities, upon joining Pembina in January 2015, Jaret was Vice President, Gas Services. In both his previous roles, Jaret has contributed to a significant portion of the Company’s growth over the past seven years.

Before joining Pembina, Jaret had extensive upstream experience, having most recently worked at Ovintiv (formerly Encana Corporation) in a senior management position, where he was responsible for the growth of the company’s core Montney liquids play in Alberta. He also brings a resource background in all key WCSB geological plays, strategic planning, engineering, operations and facility construction.

Jaret graduated with a Bachelor of Applied Science in Petroleum Systems Engineering from the University of Regina in 2002 and is a member of APEGA.

Eva Bishop

Ms. Bishop has nearly 30 years of experience working across the energy, consumer goods and network industries. She joins Pembina from BP Europa, where she served as a non-executive director. Eva has been a General Counsel in a broad variety of industries around the world and has held senior executive and non-executive positions in global corporations such as Royal Mail, Coca-Cola Enterprises and BP. Beyond the traditional remit of the General Counsel, Eva has also had leading roles in crisis management, compliance, enterprise risk management, strategy development and ESG.

Eva currently also serves as a Board Trustee of the charity “Power of Zero”, a UNICEF and UNESCO backed global campaign to teach young children the skills and values they need for a connected world.

Eva has a law degree from Heidelberg University, an LL.M. in European and International Economic Law from the University of Edinburgh and is an ICF certified executive coach.