Veresen Announces Appointment of Chief Financial Officer

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CALGARY, June 3, 2014 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN) announced today that Theresa Jang has been appointed Senior Vice President, Finance and Chief Financial Officer effective immediately. This appointment follows an extensive search process.

"I'm delighted that Theresa has accepted the role of Chief Financial Officer," said Don Althoff, President and CEO. "Under Theresa's leadership, I'm confident our finance, accounting and tax team will continue to deliver superior performance. Theresa has an in-depth knowledge of our organization and she brings a wealth of experience to this role."

Theresa Jang joined Veresen in 2006 as Controller and was appointed Vice President, Controller in 2009, a role she held until she was appointed Vice President, Finance and Risk Management in 2013. Theresa Jang was appointed Interim Chief Financial Officer in January 2014.

About Veresen Inc.

Veresen is a publicly-traded dividend paying corporation based in Calgary, Alberta, that owns and operates energy infrastructure assets across North America. Veresen is engaged in three principal businesses: a pipeline transportation business comprised of interests in two pipeline systems, the Alliance Pipeline and the Alberta Ethane Gathering System; a midstream business which includes ownership interests in a world-class natural gas liquids extraction facility near Chicago, the Hythe/Steeprock complex and other natural gas and natural gas liquid processing energy infrastructure; and a power business with renewable and gas-fired facilities and development projects in Canada and the United States, and district energy systems in Ontario and Prince Edward Island. Veresen is actively developing a number of greenfield projects and, in the normal course of its business, regularly evaluates and pursues acquisition and development opportunities.

Veresen's common shares, Series A Preferred Shares, Series C Preferred Shares and 5.75% convertible unsecured subordinated debentures, Series C due July 31, 2017 are listed on the Toronto Stock Exchange under the symbols "VSN", "VSN.PR.A", "VSN.PR.C" and "VSN.DB.C", respectively. For further information, please visit www.vereseninc.com.

SOURCE: Veresen Inc.

Dorreen Miller
Director, Investor Relations
Phone: [phone]
Email: [email protected]