HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera Inc. (TSX:EMA) and Nova Scotia Power (NSP) today announced executive changes at Emera and NSP.
Effective August 1, Bob Hanf, currently President and CEO of NSP, will assume the new role of Executive Vice President, Stakeholder Relations and Regulatory Affairs with Emera. In this new role, Hanf will lead strategy and alignment for all teams across Emera companies in the areas of stakeholder and regulatory relations, safety, environment, communications and government relations.
Also effective August 1, Karen Hutt, currently Emera’s Vice President, Mergers and Acquisitions, will become President and CEO of NSP. Since joining Emera in 2001, Hutt has held increasingly senior leadership positions with Emera. Recently, she played a critical role in the TECO Energy acquisition, helping to secure, advance and close the transaction.
“Throughout his career at Emera, Bob Hanf has demonstrated strong leadership in advancing Emera’s business strategy while being a powerful advocate around our leadership table for Emera’s customers and the communities we serve,” said Chris Huskilson, President and CEO of Emera Inc. “As President and CEO of Nova Scotia Power, Bob’s stewardship of stakeholder and regulatory relations was critical to delivering the rate stability plan for customers in Nova Scotia. This kind of leadership will be increasingly important in our growing business, where all Emera companies must focus on relationships to ensure we are meeting our present commitments and shaping new opportunities for growth.”
“With Nova Scotia Power’s focus on improving customer experience, achieving rate stability and leading electricity transformation, Karen Hutt will bring the right mix of energy, leadership and skill to continue that work as President and CEO,” said Scott Balfour, Chair, Nova Scotia Power. “Emera believes in building deep connections with the communities it serves – and Karen will continue the important work that Bob Hanf led in helping build trust and deepen relationships with Nova Scotia customers and communities.”
Hanf has served in roles as diverse as Emera’s Chief Legal Officer, President and COO of Bangor Hydro, and Executive Chairman of Light & Power Holdings in the Caribbean. Throughout his career, he has built a strong track record, providing leadership on important customer, community and regulatory issues. This new senior leadership role will bring to bear Hanf’s strengths, and build on the important work he did most recently as NSP’s President and CEO.
Hutt first joined Nova Scotia Power to help implement its customer focused strategy. Since then, she has led a number of commercial and business development initiatives at Emera Energy and Emera Inc., gaining a deep understanding of customer and regulatory issues, and forming strategic relationships in markets as diverse as Canada, New England and New Mexico. Prior to her current role, Hutt served as Emera Energy’s Executive Vice President, Commercial, as well as President of Northeast Wind, where she gained extensive marketing, customer service, strategy, and business development experience.
“It’s an exciting time for Emera. As the company grows, we believe it is important to enhance our leadership strength across the board,” said Huskilson. “As our people are exposed to new opportunities and broaden their contribution, we are focused on leveraging our talent to the benefit of customers, shareholders and communities we serve.”
Over a period of five years, Emera expects to make more than $8 billion in investments in the markets where its companies operate. These leadership appointments will help facilitate the right approach and focus, while ensuring Emera’s growth helps create lasting benefits for both customers and shareholders.
Forward looking statement:
This news release contains forward looking information. Actual future results may differ materially. Additional information related to Emera, including the company’s Annual Information Form, can be found on SEDAR at www.sedar.com.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $27.5 billion in assets and 2015 pro-forma revenues of $ 6.3 billion. The company invests in electricity generation, transmission and distribution, gas transmission and distribution, and utility energy services with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera continues to target having 75-85% of its adjusted earnings come from rate-regulated businesses. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, and EMA.PR.F and instalment receipts are listed and trade under the symbol EMA.IR. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR. Additional Information can be accessed at www.emera.com or at www.sedar.com.
About Nova Scotia Power
Nova Scotia Power Inc. is the largest wholly-owned subsidiary of Emera Inc. (TSX:EMA), a diversified energy and services company. Nova Scotia Power provides 95% of the generation, transmission and distribution of electrical power to 507,000 customers in the province. The company is focused on new technologies to enhance customer service and reliability, reduce emissions and add renewable energy. Nova Scotia Power has 1,700 employees and $4.6 billion in assets. Learn more at www.nspower.ca.
