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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 7, 1974, Lethbridge, Alberta Saturday, THE LETHDRIDQE HERALD 21 Alberta Energy Company (AEC) A new and unique corporation offers exciting challenges This company will participate in industrial and energy-related developments, primari- ly in the Province of Alberta. Albertans and other Canadians will be shareholders in this large, well-financed enterprise. Initial capitalization is anticipated to be million of which million has already been committed to the company. The Alberta Energy Company is currently involved in a number of major projects, including: An oil pipeline from the Alberta Oil Sands. Option rights in connection with the Syncrude Oil Sands agreement. Negotiations for purchase of Suffield, Alberta petroleum and natural gas rights. One-half ownership of Pan-Alberta Gas. Some key facts about the Alberta Energy Company: It will participate, largely as an investor, in industrial and energy-related developments, such as petrochemical plants or secondary industry. It will tend to participate in new projects, rather than buy out existing enterprises. It will primarily act as an investor in the operations of others, rather than being an operating company. It will not engage in conventional oil and gas exploration. It will act on its own initiative to evaluate projects, in addi- tion to responding to opportunities presented by others. It will be owned 50 percent by residents or citizens of Canada and 50 percent by the Province of Alberta. It will pay federal taxes at the same rates as other Canadian corporations and will not be a Crown corporation. It will be expected to yield a profit to its shareholders. It will not employ or have as officers or directors, any elected member of government or member of the public service. The company is now in its formative stage, selecting and hiring its senior executive group and the opportunity for those selected is to participate in the start of one of the most exciting active corporations ever conceived in Canada. The Head Office will hp in Edmonton with additional Executive Offices in Calgary. The candidates selected for these challenging positions will all be experienced in delivering profitable results in their respective areas of specialty and will be well-respected for their performance to date. They will be initiators with a proven track record of action; problem-solvers, hard-working, flexible individuals with the ability to lead staff by skilled management and administration. The prospect of a new company with wide-ranging objectives must challenge them to work with the rest of the management group in achieving the company's exciting goals. Those selected will report directly to the President, and will be responsible for the following functional areas: FINANCE The successful candidate for this area of responsibility will: be extremely capable of handling money and portfolio management be proficient in establishing financial systems of control and management reporting have broad experience in budget preparation have the instincts of an entrepreneur and be profit-oriented be capable of directing a team of professionals on day-to-day activities have familiarity with the use of sophisticated computer techniques. The successful candidate for this area of responsibility will: be a member of the Alberta Bar Association or eligible for membership have had exposure to corporate legal matters in a broad context be capable of handling the internal legal affairs of a company have had exposure to joint venture and partnership operations be interested in directing corporate secretarial activities co-ordinate with outside legal counsel as required. ECONOMICS AND PLANNING The successful candidate for this area of responsibility will: be an economist with extensive experience be conversant with interest rates, infla- tion and labor costs possess a high degree of imagination be capable of initiating projects be able to develop broad economic plans for the company's future growth and profitability be capable of placing the company's plans into the broader context of world- wide and Canadian economic forecasts be proficient in handling various de- mand supply studies be capable of conducting economic evaluations to determine whether detailed technical studies are worthwhile. EVALUATIONS The successful candidate for this area of responsibility will: be a Professional Engineer, preferably with energy experience have had broad computer experience be capable of directing detailed technical evaluations have experience in project profitability studies be able to supervise project evaluation teams be proficient in preparing written reports and in making verbal presen- tations be able to select and co-ordinate out- side consultants and evaluate their efforts. PERSONNEL The successful candidate for this area of responsibility will: have a broad human resource manage- ment background be capable of setting up a new personnel department be experienced in compensation plan- ning and employee benefits be experienced in manpower planning and development have loiowledge of modern recruitment and selection techniques be able to establish job definition and performance evaluation systems. Candidates selected for these exciting positions will receive a fully competitive salary and benefits package. All responses will be acknowledged upon receipt. Initial interviewing of those selected will be accomplished by January, 1975. Responses are also sought for positions less senior than those above, from candidates who are interested in working in other capacities in the company. Employment for these positions will be commenced after January, 1975. Response to these interesting and challenging opportunities may be made confidentially in writing to: President Alberta Energy Company P.O. Box 6026, Postal Station "D" Calgary, Alberta T2P 2C7 or P.O. Box 1333 Edmonton, Alberta T5J OJO Written application or verbal inquiry may also be made in strict confidence to: A. G. LENNOX, director of personnel services Peat, Marwick and Partners 2600, 500 Fourth Avenue S.W. Calgary, Alberta T2P 2V6 Telephone: (403) 266-6041 ;