#Canada #Toronto #Board of Directors #Hydro One #Susan Wolburgh

Hydro One Limited's New Leadership Appointment

On March 25, 2025, Hydro One Limited made a significant change in its leadership, announcing the appointment of Susan Wolburgh Jenah as the Interim Chair of its Board of Directors. This decision comes as the current Chair, Timothy Hodgson, has chosen to take an unpaid leave to pursue a federal election candidacy for the Liberal Party of Canada.

Susan Wolburgh Jenah, who has been part of the Hydro One Board since January 1, 2020, is recognized for her extensive experience in corporate governance and regulation. She currently serves as the Chair of the Governance and Regulatory Committee and is a member of the Indigenous, Peoples, Safety and Operations Committee. Her rich background in leadership across various sectors positions her well to step into this crucial role at Hydro One.

A Journey Through Expertise

With a career spanning over four decades, Wolburgh Jenah brings a wealth of knowledge from her roles as a corporate director, senior regulator, lawyer, and CEO. Throughout her tenure, she has been involved in numerous corporate boards, Crown corporations, and not-for-profit organizations. Her reputation in the governance landscape is well-established, having served boards of various significant organizations.

Notably, she currently sits on the board of Aecon Group Inc., where she chairs the Corporate Governance, Nominating and Compensation Committee. In addition, she has held key positions in other notable institutions such as Humber River Hospital and Vanguard Investments Canada. Her impressive list of prior directorships includes serving as a Public Governor of the U.S. Financial Industry Regulatory Authority and as Chair of the NEO Exchange.

Academic and Professional Credentials

Holding a Bachelor of Arts from the University of Toronto and a Juris Doctor from Osgoode Hall Law School, Wolburgh Jenah's academic credentials complement her professional experience. She is also a member of the C.D. Howe National Advisory Council and has previously served as a mentor to the Catalyst Women on Board Program. Furthermore, she was a Fellow and Adjunct Professor at Osgoode Hall, receiving recognition for her achievements with the Osgoode Hall Gold Key in 2011.

Hydro One: A Look at the Company

Hydro One Limited, the largest electricity transmission and distribution provider in Ontario, serves approximately 1.5 million customers. As of December 31, 2024, the company reported assets totaling around $36.7 billion and annual revenues of about $8.5 billion. The firm employs around 10,100 dedicated professionals who are focused on building and maintaining a reliable electricity system crucial for supporting local communities.

In 2024, Hydro One demonstrated its commitment to infrastructure by investing approximately $3.1 billion in its networks while spending about $2.9 billion on goods and services to bolster the economy. The organization actively supports community investment, sustainability efforts, and diversity initiatives, reaffirming its dedication to the residents and businesses it serves.

Hydro One's common shares are listed on the Toronto Stock Exchange, and its medium-term notes are listed on the New York Stock Exchange. For more information about Hydro One, stakeholders can visit their official website or review filings through the applicable regulatory platforms.

Conclusion

The appointment of Susan Wolburgh Jenah as Interim Chair marks a pivotal moment for Hydro One, especially during a time of transition. Her expansive knowledge and leadership experience are expected to guide the company as it navigates its operational and strategic goals in the coming months. Stakeholders will be keenly observing how her leadership influences the direction of Hydro One amidst changes at the helm.