TORONTO – Former Six Nations Elected Chief Roberta Jamieson, President and CEO of Indspire, former Board Member of Ontario Power Generation, and former Ombudsman of Ontario, has been appointed to the new Hydro One Board of Directors.
She will be joining a board selected on their merits and include a diverse and accomplished group of proven leaders, according to a media release.
“The new Board will oversee the company as it prepares to become publicly traded, with a renewed focus on customer service excellence and improved performance and reliability,” according to Hydro One. “Board members were selected to meet strong qualifications that include independence, commercial experience, and strong expertise. The group includes some of the country’s best known business leaders, electricity sector experts, corporate directors and a former provincial Ombudsman.”
The new Board will oversee the company as it prepares to become publicly traded.
“New legislation, now passed, enables net proceeds from Hydro One’s Initial Public Offering to be held in the Trillium Trust to help finance billions of dollars in transit, transportation and other priority infrastructure projects across the province,” says the release. “Maximizing the value of Hydro One Inc. is part of the government’s economic plan to build Ontario up. The four-part plan includes investing in people’s talents and skills, making the largest investment in public infrastructure in Ontario’s history, creating a dynamic and innovative environment where business thrives, and building a secure retirement savings plan.”
Ontario Ministry of Energy, Bob Chiarelli says of the structure changes, “We have assembled a new Board of Directors of Hydro One that has tremendous talent and experience. This diverse and accomplished group will help move the company forward, enabling the investment of billions in new transit and infrastructure while renewing focus on customer service excellence, improved performance and reliability.”
Chair of Hydro One Inc., David Denison, echoes the same anticipation.