CALGARY, ALBERTA–(Marketwired – Oct. 10, 2014) – Enbridge Inc. (TSX:ENB) (NYSE:ENB) announced today John Whelen is appointed Executive Vice President and Chief Financial Officer effective October 15, 2014. J. Richard Bird will remain Executive Vice President, Corporate Development until his retirement on December 31, 2014.
As Chief Financial Officer, Mr. Whelen will assume executive responsibility for the Company’s finance and accounting functions, including financial reporting, treasury and corporate finance, tax, investor relations, risk management as well as finance system and process transformation.
Mr. Whelen has held roles of increasing responsibility over 22 years at Enbridge, including executive positions in treasury, risk management, corporate planning and development, and financial reporting. He served most recently as Senior Vice President, Finance and Senior Vice President, Corporate Development. He also served as the chief financial officer and then as president of the Enbridge Income Fund, where he led the business through a period of significant growth. Mr. Whelen has extensive experience in capital markets and has been instrumental in securing billions of dollars in growth capital funding for Enbridge.
“John brings deep experience to the position of Chief Financial Officer, and we’re pleased to have him assume this important role on our executive team,” said Al Monaco, President and Chief Executive Officer, Enbridge Inc. “Our ability to fill this role internally confirms the effectiveness of our succession management and leadership development program.”
On June 18, 2014, Enbridge announced Mr. Bird’s planned retirement by the end of 2014 and the split of his responsibilities into two separate roles of chief financial officer and chief development officer. Vern Yu was appointed Senior Vice President, Corporate Development; he will continue to report to Mr. Bird.
For two decades, Mr. Bird has been a key member of Enbridge’s executive leadership team and an important contributor to the company’s financial and operational success. Upon his retirement, he will remain on the boards of Enbridge Income Fund Holdings Inc. (TSX: ENF), Enbridge Commercial Trust, Enbridge Energy Company, Inc. (the general partner of Enbridge Energy Partners, L.P.), Enbridge Energy Management, L.L.C. (NYSE: EEQ), Gaz Métro and Noverco Inc. as an Enbridge nominee.
About Enbridge Inc.
Enbridge Inc., a Canadian company, is a North American leader in delivering energy and has been included on the Global 100 Most Sustainable Corporations in the World ranking for the past six years. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world’s longest crude oil and liquids transportation system. The Company also has a significant and growing involvement in natural gas gathering, transmission and midstream businesses, and an increasing involvement in power transmission. As a distributor of energy, Enbridge owns and operates Canada’s largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in more than 1,800 megawatts of renewable and alternative energy generating capacity and is expanding its interests in wind and solar energy and geothermal. Enbridge employs more than 10,000 people, primarily in Canada and the U.S. and is ranked as one of Canada’s Top 100 Employers for 2014. Enbridge’s common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com.
(403) 508-6563/(888) 992-0997