Saturday, November 22, 2008
Derek Oland, Chairman, is pleased to announce the appointment of Donald Pether, former Chair of the Board (and CEO) of Dofasco Inc., to the Board of Directors of Emera Inc.
Prior to his position as Chair, Mr. Pether, who joined Dofasco Inc. in 1970, was the President and Chief Executive Officer. Mr. Pether is currently Chair of the Board of the Hamilton Health Sciences Foundation, is Vice-Chair of the Board of Governors for McMaster University, and is Chair of the Board of the McMaster Innovation Park. He sits on the Council of Governors for the Art Gallery of Hamilton and the Board of Directors of Samuel Manu-Tech Inc. and is a former trustee of the Fording Canadian Coal Trust.
Mr. Pether holds a B.Sc. in Metallurgical Engineering from the University of Alberta and an Honourary Doctorate of Laws from McMaster University.
Emera Inc. (EMA-TSX) is an energy and services company with $4.7 billion in assets. Electricity is Emera's core business. The company has two wholly-owned regulated electric utility subsidiaries, Nova Scotia Power Inc. and Bangor Hydro-Electric Company, which together serve 600,000 customers. Emera also owns 19% of St. Lucia Electricity Services Limited, which serves more than 50,000 customers on the Caribbean island of St. Lucia and 25% of Grand Bahama Power Company which serves 19,000 customers on the Caribbean island of Grand Bahama. In addition to its electric utility investments, Emera has a joint venture interest in BearSwamp, a 600 megawatt pumped storage hydro-electric facility in northern Massachusetts; a 12.9% interest in the Maritimes & Northeast Pipeline; a 7.4% interest in Open Hydro and Emera Energy Services which manages energy assets on behalf of third parties.
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