TMX Group Limited announced the appointment of James Oosterbaan as President of Natural Gas Exchange Inc. or NGX. NGX, a wholly-owned subsidiary of TMX Group, provides electronic trading, central counterparty clearing and data services to the North American natural gas and electricity markets. Oosterbaan will assume this position on November 1, 2012 and will be based in Calgary, Alberta.
For more than a decade, Oosterbaan has held successive senior executive positions with Capital Power Corporation, most recently as Senior Vice President, Operations and Commodity Portfolio Management, where he had responsibility for the corporation's generation plants and corporate natural gas, electricity and greenhouse gas offset portfolios. Prior to Capital Power Corporation, Oosterbaan held senior positions with energy and natural gas corporations with offices in Toronto, Vancouver and Houston. He is currently a Director of the Canadian Chamber of Commerce.
NGX also confirmed the previously announced retirement of Peter Krenkel, effective December 31, 2012. Krenkel has been President of NGX since its inception in 1994; he joined the TMX Group leadership team when NGX was acquired in 2004.
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