Hydro One - Incoming President and CEO, David Lebeter.
Incoming President and CEO, David Lebeter.
Source: Hydro One.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Hydro One (H) has named David Lebeter as its new President and CEO
  • Lebeter brings more than 40 years of experience in the utility and forestry sectors
  • He currently serves as the company’s COO
  • Before joining Hydro One, he held executive positions in safety and operations for over 14 years at B.C. Hydro and 23 years in the forestry industry
  • Hydro One is Ontario’s largest electricity transmission and distribution provider
  • Hydro One (H) is down by 1.02 per cent, trading at $36.07 per share

Hydro One (H) has named David Lebeter as its new President and CEO.

Lebeter brings more than 40 years of experience in the utility and forestry sectors with a strong reputation for productivity, relationship building and customer-centricity.

He currently serves as the company’s COO overseeing construction, maintenance and vegetation management, as well as system operations, asset planning and engineering.

Before joining Hydro One, he held executive positions in safety and operations for over 14 years at B.C. Hydro and 23 years in the forestry industry.

He previously served as an Executive Board Member for Smart Grid Northwest, Operations Board Member for Western Energy Institute, and Chairman of the Distribution Council with the Canadian Electricity Association.

Lebeter’s appointment is effective February 1.

“David is a highly regarded leader with a proven record of building strong teams and improving safety, reliability, customer experience and productivity,” stated Timothy Hodgson, Chair of Hydro One.

“I am excited to lead this great company and a strong team as we continue to deliver on our strategy of focusing on reliability, safety, customers and Indigenous communities to build a stronger and more prosperous Ontario,” added Lebeter.

Hydro One is Ontario’s largest electricity transmission and distribution provider with 1.5 million customers, 2021 revenue of $7.2 billion and $30.4 billion in assets as of December 31, 2021.

Hydro One (H) is down by 1.02 per cent, trading at $36.07 per share as of 10:31 am EST.


More From The Market Herald

" @ the Bell: Growth-sensitive stocks fluctuate on mega jobs report

Canada’s main stock index ended on the higher side of flat on Friday trading as strength in the energy and technology sectors was weighed against

" Aimia (TSX:AIM) sells $7.36M in shares to Mithaq Capital

Aimia (AIM) has sold approximately $7.36 million of its common shares to investor company Mithaq Capital SPC.

" Terra Firma Capital (TSXV:TII) appoints new board member

Terra Firma Capital (TII) appoints Mike Kirchmair as a member of the corporation’s board of directors.
Capital Power Corporation - The Whitla Wind Facility

" Capital Power (TSX:CPX) looks forward to protecting the environment

Capital Power Corporation (CPX) enters a 23-year clean electricity supply agreement with Public Services and Procurement Canada to protect the environment.