Tuesday, April 15, 2008
James Arnett was appointed Chair of Hydro One Inc. on March 31, 2008. Mr. Arnett has had a distinguished career as a senior executive, corporate director and lawyer. Mr. Arnett chaired the Province of Ontarioís 2007 Agency Review Panel that reviewed the way compensation is set for senior executives in Ontarioís electricity sector agencies and how those agencies can work together more efficiently. He is Counsel to Fraser Milner Casgrain LLP, and from 2004 to 2006 was special advisor to the Premier of Ontario on the steel industry. Mr. Arnett is a former president and CEO of Molson Inc., and between 1997 and 2000, he led Molsonís transformation from a diversified holding company to a focused brewing company. Prior to that, he was a senior partner in a major Canadian law firm as the Toronto Corporate/Commercial Head and as resident partner in the firmís Washington, D.C. office. He is also Chair of Toronto East General Hospital and is a member of the Directors Advisory Group of the Canadian Institute of Chartered Accountants. Mr. Arnett holds a Bachelor of Arts degree and an LL.B from the University of Manitoba, as well as an LL.M from Harvard Law School.
Hydro One Inc. is a holding company that operates through its subsidiaries in electricity transmission and distribution and telecom businesses. One of its subsidiaries, Hydro One Networks Inc., operates one of the largest transmission and distribution systems in North America. Hydro One Inc. is wholly owned by the Province of Ontario.
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