TORONTO, April 26, 2017 /PRNewswire/ - Hydro One Limited
(TSX:H) today announced that Michael
Vels, Chief Financial Officer, will be leaving Hydro One
effective May 19, 2017 to assume the
position of Executive Vice President and Chief Financial Officer of
Empire and its wholly-owned subsidiary Sobeys Inc.
"We appreciate Michael's many contributions to Hydro One during
his tenure," said Mayo Schmidt,
President and Chief Executive Officer of Hydro One. "Over the past
two years, Michael has been instrumental in transitioning Hydro One
into an investor owned utility following the successful completion
of the Initial Public Offering in 2015. On behalf of the Hydro One
team we wish Michael all the very best in his new endeavors."
Hydro One will commence an immediate search for a CFO
successor.
About Hydro One Limited:
We are Ontario's largest
electricity transmission and distribution provider with more than
1.3 million valued customers, $25
billion in assets and annual revenues of over $6.5 billion. Our team of 5,500 skilled and
dedicated employees proudly and safely serves suburban, rural and
remote communities across Ontario
through our 30,000 circuit km high-voltage transmission and 123,000
circuit km primary distribution networks. Hydro One is committed to
the communities we serve, and has been rated as the top utility in
Canada for its corporate
citizenship, sustainability, and diversity initiatives. We are one
of only four utility companies in Canada to achieve the Sustainable Energy
Company designation from the Canadian Electrical Association. We
also provide advanced broadband telecommunications services on a
wholesale basis utilizing our extensive fibre optic network. Hydro
One Limited's common shares are listed on the Toronto Stock
Exchange (TSX: H). For more information about everything Hydro One,
please visit www.HydroOne.com.
SOURCE Hydro One Limited