TORONTO, July 28, 2020 /CNW/ - Hydro One Limited
("Hydro One"), Ontario's largest
electricity transmission and distribution company, announced that
Stacey Mowbray has been appointed to
the company's Board of Directors.
"Stacey is a highly-qualified leader with deep business
experience," said Tim Hodgson,
Chair, Board of Directors, Hydro One. "Her strong track record in
leading successful publicly-traded consumer brands strengthens our
Board and reaffirms our support of management's focus on delivering
exceptional customer service."
Stacey most recently served as the President of North America at WW International (formerly
Weight Watchers), a $1.5 billion
global company focusing on health and wellness. Prior to that she
served as President and Chief Executive Officer at The Second Cup
Ltd. Stacey has extensive marketing and brand experience from years
of leading those functions at high profile brands such as Molson
Coors Brewing Company, Cara Operations and Pepsi Cola. She also
serves on the boards of the Currency Exchange International, Sleep
Country Canada and Bonnie O Holdings and is a volunteer on the
operating Board of Trillium Health Partners.
"This is a very exciting time in the company's history to join
Hydro One's Board of Directors and I look forward to serving
alongside an accomplished and talented team of Directors," said
Stacey Mowbray. "Hydro One is a
leader among utilities in delivering excellent customer service
while continuing to reduce costs and invest in a safe and reliable
electricity system to support Ontario's economy."
Stacey fills the vacancy created when Anne Giardini did not stand for re-election at
the company's 2020 annual general meeting of shareholders.
"The addition of Stacey as a director is highly complementary to
the skills and experience of our existing board members and we are
confident that she will provide valuable insights," said
Blair Cowper-Smith, Chair of Hydro
One's Governance Committee.
Hydro One Limited (TSX: H)
Hydro One Limited, through
its wholly-owned subsidiaries, is Ontario's largest electricity transmission and
distribution provider with approximately 1.4 million valued
customers, approximately $27.1
billion in assets as at December 31,
2019, and annual revenues in 2019 of approximately
$6.5 billion.
Our team of approximately 8,800 skilled and dedicated employees
proudly build and maintain a safe and reliable electricity system
which is essential to supporting strong and successful communities.
In 2019, Hydro One invested approximately $1.7 billion in its transmission and distribution
networks and supported the economy through buying approximately
$1.5 billion of goods and
services.
We are committed to the communities where we live and work
through community investment, sustainability and diversity
initiatives. We are designated as a Sustainable Electricity Company
by the Canadian Electricity Association.
Hydro One Limited's common shares are listed on the TSX and
certain of Hydro One Inc.'s medium term notes are listed on the
NYSE. Additional information can be accessed at www.hydroone.com;
www.sedar.com or www.sec.gov.
Forward-Looking Statements and Information:
This press
release may contain "forward-looking information" within the
meaning of applicable securities laws. Such information includes,
but is not limited to, statements related to: momentum; continuous
improvement; commitment to safety and service; vision and strategy;
customer service; reliability and performance; connections; the
Company's transmission and distribution regulatory applications,
related decisions and anticipated impacts; ongoing and planned
investments, projects and initiatives; dividends; and transition of
the Company's senior management team. Words such as "expect,"
"anticipate," "intend," "attempt," "may," "plan," "will", "can",
"believe," "seek," "estimate," and variations of such words and
similar expressions are intended to identify such forward-looking
information. These statements are not guarantees of future
performance or actions and involve assumptions and risks and
uncertainties that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed,
implied or forecasted in such forward-looking information. Some of
the factors that could cause actual results or outcomes to differ
materially from the results expressed, implied or forecasted by
such forward-looking information, including some of the assumptions
used in making such statements, are discussed more fully in Hydro
One's filings with the securities regulatory authorities in
Canada, which are available on
SEDAR at www.sedar.com. Hydro One does not intend, and it disclaims
any obligation, to update any forward-looking information, except
as required by law.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/hydro-one-appoints-stacey-mowbray-to-its-board-of-directors-301101627.html
SOURCE Hydro One Inc.