Hydro One Begins Search for New CFO

Hydro One Limited today announced that Michael Vels, Chief Financial Officer, will be leaving the company 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.

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