#Canada #Toronto #Hydro One Limited #Megan Telford #Perrin Beatty

Hydro One Limited Welcomes New Leadership

Hydro One Limited, a premier electricity transmission and distribution provider in Ontario, announced the appointment of Megan Telford as President and CEO, succeeding David Lebeter who has retired. This transition marks a significant milestone for the company as it embarks on a new chapter under Telford's leadership.

A Fresh Start with New Leadership

Telford has been recognized as a dedicated leader, and her election was solidified during the recent Annual Meeting of Shareholders, where she was one of the nominees listed in the management information circular. “On behalf of the Board, I am pleased to welcome Megan Telford as she steps into the role of President and CEO today. We are excited to work alongside Megan as she leads Hydro One into its next chapter,” stated Melissa Sonberg, Chair of the Board.

Additionally, Perrin Beatty has joined the Board as a new Director, further strengthening its management team. The company expressed gratitude to former Directors Helga Reidel and Mitch Panciuk for their service and contributions, wishing them well in their future endeavors.

Notable Shareholder Engagement

During this transition period, Hydro One experienced strong shareholder engagement with a remarkable 84.23% of its common shares actively voted in favor of the changes. Each director was met with overwhelming support, as demonstrated by the voting percentages:

• - Perrin Beatty: 99.84%
• - Megan Telford: 99.97%
• - Melissa Sonberg: 97.22%

Such numbers reflect a solid endorsement from stakeholders who remain committed to the company's strategic direction.

Hydro One's Community Commitment

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, servicing over 1.5 million customers and managing assets valued at $39.7 billion by the end of 2025. With annual revenues amounting to $9 billion in the last fiscal year, the company has committed significant investments towards modernizing its transmission and distribution networks, with $3.4 billion spent in the previous year alone.

Part of Hydro One's mission is to cultivate strong community ties through investments in sustainability and diversity initiatives. The company aims to continue building a reliable electricity system that supports thriving communities across Ontario while adhering to best practices in governance and corporate responsibility.

Looking Ahead

As Hydro One moves forward, Telford's leadership is poised to guide the company in its ongoing commitment to enhancing customer service, operational efficiency, and community engagement. Stakeholders can remain confident in the company’s trajectory towards growth and innovation within the electrical utilities sector.

For those interested in following Hydro One's updates, additional information about the company, governance practices, and the latest financial reports can be accessed through their official website at hydroone.com.

This marked change in leadership underscores Hydro One’s resolve to adapt and thrive in a rapidly evolving energy landscape, positioning itself strategically for future challenges and opportunities.