Pembina Pipeline (PPL) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with a land acknowledgment and recognition of Indigenous partnerships and stewardship.

• Emphasis on virtual meeting format, ensuring shareholder participation, voting, and Q&A.

• Introduction of board members, executive team, and auditors; appointment of meeting secretary and scrutineer.

• Executive team introduced, including CEO, CFO, and senior vice presidents overseeing corporate services, legal, sustainability, operations, marketing, and development.

Board and executive committee updates

• Eleven director nominees, including one new member with significant energy sector experience, were presented.

• All nominees except the CEO are independent and currently serve on the board.

• Recognition of retiring director Gordon Kerr for his decade of service and leadership.

• Leadership team highlighted, with roles in finance, operations, legal, sustainability, marketing, and development.

Shareholder proposals

• Motions were made and seconded for the election of directors, appointment of auditors, continuation of the shareholder rights plan, and a non-binding resolution on executive compensation.

• No additional nominations for directors were received.