By Joel Wittnebel
The Oshawa Express
Amid prospective merger talks with two other major power utilities, the Oshawa Power and Utilities Corporation has parted ways with its CEO.
Sources informed The Oshawa Express late Monday that Atul Mahajan had been fired from his position with the OPUC. However, when reached on his cell, Mahajan said the split was mutual.
“It was a joint decision, I think from my standpoint. We were both in good agreement that I should move on,” he said, noting that discussions had been ongoing on June 6.
When asked if he was surprised by the decision, Mahajan said in matters like these, there is always “that surprise element.”
“As you can appreciate, this is sudden,” Mahajan said, noting that he was unable to provide further details due to confidentiality. “All I can say is I wish Oshawa the very best.”
When reached for comment, Nadeige Carter, a spokesperson with the utility, said a meeting would be held Tuesday morning, following which further details would be shared.
Mahajan started his career with the OPUC in 2004 as the chief financial officer. In 2009, he was named CEO and had held the position until today.
Prior to joining Oshawa PUC, Mahajan worked with Global Petrochemcial Processes Limited, where he worked as finance manager and later VP of finance and business development.
Currently, the OPUC is investigating the possibility of a merger with the Whitby Hydro Electric Company and the Veridian Corporation.
The decision was made following the signing of a memorandum of understanding in April.
Story to be updated as more details are gained.