Hydro One Limited Announces Leadership Transition Amid Compassionate Leave

Leadership Changes at Hydro One Limited

Hydro One Limited, Ontario's premier electricity transmission and distribution provider, recently made significant changes to its leadership team. On August 14, 2025, the company announced that its current President and CEO, David Lebeter, will be taking a temporary compassionate care leave starting August 25, 2025. This decision was made to allow Lebeter to care for a family member in need. Although he will be on leave, he will continue to support Hydro One in an advisory capacity until his return.

In light of Lebeter's absence, the Board of Directors has appointed Harry Taylor as the Interim President and CEO. Taylor, who joined Hydro One in 2024 as the Executive Vice President, Chief Financial and Regulatory Officer, is recognized for his extensive experience in driving profitable growth and enhancing financial strategies within various high-profile organizations. His leadership is expected to ensure stability and continued progress for the company during this transitional period.

As a seasoned executive, Taylor's track record includes pivotal roles at WestJet Airlines, Canadian Tire Corporation, and PepsiCo/Frito-Lay, where he consistently improved financial performance and operational efficiency. His dual role as Interim President and CEO while maintaining his duties as Chief Financial and Regulatory Officer highlights the board's confidence in his capabilities to lead the organization during this time.

In addition to this executive appointment, the board has expanded its governance by adding Michael W. Rencheck to its ranks, effective the same day. Rencheck is a respected figure in the energy sector, having served most recently as President and CEO of Bruce Power. His background includes significant experience overseeing nuclear energy generation and renewable energy projects, making him a valuable asset to Hydro One as they navigate the evolving energy landscape.

Rencheck's career spans over four decades, during which he has cultivated a strong reputation for operational excellence and strategic oversight. His expertise will undoubtedly contribute to the integrity and performance of Hydro One's board as the company faces future challenges and opportunities.

Hydro One serves approximately 1.5 million customers and boasts a vast asset base valued at $36.7 billion as of the end of December 2024. The subsidiary has reported annual revenues of $8.5 billion for 2024. Within the past year, Hydro One has committed to investing $3.1 billion into its transmission and distribution networks, demonstrating its dedication to supporting Ontario's economic vitality and community development.

The company’s workforce, consisting of 10,100 employees, plays a crucial role in maintaining a reliable and safe electricity system that underpins thriving communities throughout the province. Hydro One remains committed to sustainable practices and diversity initiatives that drive community well-being and environmental stewardship.

As the organization transitions through these leadership changes, stakeholders and customers alike can look forward to the continued dedication Hydro One has demonstrated over the years. The company aims to uphold its commitment to operational excellence and community service, ensuring it meets the energy needs of Ontario while prioritizing health and safety during this critical time.

For further updates and information regarding Hydro One Limited, including insights on their governance practices and corporate responsibilities, visit their official website at www.hydroone.com.