Wednesday, May 14, 2008
The Board of Directors of Fortis Inc. is pleased to announce the appointment of Mr. Geoffrey F. Hyland as non-executive Chair of the Board. His appointment follows the retirement of Mr. Bruce Chafe, who has served as Chair since 2006.
Mr. Chafe retired from the Board of Directors of Fortis Inc. at the Corporation’s Annual Meeting on May 6, 2008. He joined the Board in 1997 and is past Chair of the Audit Committee. Mr. Chafe has also served on the Boards of Newfoundland Power, FortisBC and Fortis Properties.
Fortis Inc. is the largest investor-owned distribution utility in Canada. With total assets exceeding $10 billion and annual revenues of more than $2.7 billion, the Corporation serves approximately 2,000,000 gas and electricity customers. Its regulated holdings include a natural gas utility in British Columbia and electric distribution utilities in five Canadian provinces and three Caribbean countries. Fortis owns non–regulated hydroelectric generation assets across Canada, and in Belize and Upper New York State. The Corporation also owns hotels and commercial real estate across Canada. Fortis Inc. shares are listed on the Toronto Stock Exchange and trade under the symbol FTS.
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