Welcome!

News Feed Item

Enbridge Announces Executive Changes

CALGARY, ALBERTA -- (Marketwired) -- 06/18/14 -- Enbridge Inc. (TSX:ENB)(NYSE:ENB) announced today that J. Richard Bird, Executive Vice President, Chief Financial Officer and Corporate Development, plans to retire by the end of 2014. Upon Mr. Bird's retirement, his responsibilities will be split into two separate roles of chief financial officer and chief development officer. Enbridge also announced the appointment of John Whelen as Senior Vice President, Finance and of Vern Yu as Senior Vice President, Corporate Development, both reporting to Mr. Bird, effective July 1st, 2014.

Mr. Whelen is currently Enbridge's Senior Vice President and Controller. He will retain executive leadership for Enbridge's financial reporting function and will also assume responsibility for Enbridge's tax and treasury functions. Mr. Whelen has been part of the Enbridge team for 22 years in a series of executive positions of increasing responsibility including treasury, risk management, corporate planning and development, and financial reporting. He has served as the chief financial officer and then the president of the Enbridge Income Fund where he led the business through a period of significant growth. Throughout his history with the company, Mr. Whelen has developed extensive experience in capital markets and has been instrumental in securing billions of dollars in growth capital funding for Enbridge.

Mr. Yu is currently Enbridge's Senior Vice President, Liquids Pipelines Business and Market Development. He will assume responsibility for executive leadership of Enbridge's corporate planning and development function, including strategic planning and investment review. He will also assume responsibility for the oversight of Enbridge's new growth platforms including renewable energy, international and energy services. Mr. Yu has been part of the Enbridge team for 21 years in a series of executive positions of increasing responsibility. Most recently, Mr. Yu led the Liquids Pipelines business development team to secure more than $30B in new growth projects, which will facilitate new market access for our customers. In addition he has also held several senior corporate and financial positions.

Al Monaco, President and Chief Executive Officer of Enbridge commented on the executive changes, "Richard has been a key member of Enbridge's executive leadership team for two decades, holding both senior financial and operational roles. He is highly respected by our employees and our external stakeholders. Among many accomplishments, Richard has been instrumental in developing Enbridge's disciplined capital investment process and assuring a prudent approach to financial management. He is also responsible for the creation of our sponsored vehicles, Enbridge Energy Partners and Enbridge Income Fund, as well as securing Enbridge's investment in Gaz Metro through the Noverco structure. Enbridge's executive leadership team and our Board of Directors greatly appreciate Richard's contribution to Enbridge's success.

"We are also very pleased to have John Whelen and Vern Yu assuming their new roles within our leadership team.

"The fact that we have the internal bench strength to fill two such critical senior roles is a confirmation of the effectiveness of our succession management and leadership development program. One of Richard's main responsibilities for the rest of the year will be to support John and Vern in their new roles."

About Enbridge Inc.

Enbridge Inc., a Canadian Company, is a North American leader in delivering energy and has been included on the Global 100 Most Sustainable Corporations in the World ranking for the past six years. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a significant and growing involvement in natural gas gathering, transmission and midstream businesses, and an increasing involvement in power transmission. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in 1,800 megawatts of renewable and alternative energy generating capacity and is expanding its interests in wind and solar energy and geothermal. Enbridge employs more than 10,000 people, primarily in Canada and the U.S. and is ranked as one of Canada's Top 100 Employers for 2014. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com. None of the information contained in, or connected to, Enbridge's website is incorporated in or otherwise part of this news release.

Biographies

John Whelen                                                                 
Senior Vice President, Finance                                              
Enbridge Inc.                                                               

John Whelen is currently the Senior Vice President and Controller for Enbridge Inc. Effective July 1, 2014, he will become the Senior Vice President, Finance for Enbridge Inc. He will retain executive leadership of the Company's financial reporting function and will assume responsibility for Enbridge's tax and treasury functions.

John began his career with Enbridge in 1992 when he joined the Consumers Gas Company (now Enbridge Gas Distribution) as Manager of Treasury. Since that time, he has held roles of increasing responsibility within the finance organization at Enbridge. Prior to his role as Controller, John held a number of other senior management positions including Senior Vice President, Corporate Development and Vice President & Treasurer responsible for cash management and banking, corporate finance and risk management. He also served as President of the Company's publicly traded affiliate Enbridge Income Fund Holdings Inc. and its predecessor, Enbridge Income Fund from 2008 through the end of 2013.

Prior to joining Enbridge, John worked in the financial services sector in a variety of roles focused on funding and treasury management. John holds an MBA (Finance) from McMaster University and a B.Sc. (Economics) from the University of Victoria.

Vern Yu                                                                     
Senior Vice President, Corporate Development                                
Enbridge Inc.                                                               

Vern Yu is currently the Senior Vice President, Liquids Pipelines Business and Market Development. Effective July 1, 2014, he will become the Senior Vice President, Corporate Development for Enbridge Inc. He will be responsible for Enbridge's corporate planning and development function, including strategic planning and investment review. He will also be responsible for the oversight of Enbridge's new growth platforms: renewable energy, international and energy services.

In his senior executive role with the Liquids Pipelines Business and Market Development group, Vern has been responsible for all business and market development activities for Enbridge's crude oil infrastructure business. He led the Liquid Pipelines business development team securing more than $30B in new growth projects, which will facilitate new market access for our customers. Vern also served as Vice President, Investor Relations and Enterprise Risk, and has held leadership roles in capital markets, financial risk management and treasury functions.

Vern currently serves as the Vice Chair of the Alberta Cancer Foundation's Board of Trustees and is the 2014 Chair of the Enbridge Ride to Conquer Cancer.

Before coming to Enbridge in 1993, Vern worked as an engineer at TransCanada Pipelines and Bow Valley Industries. He has an MBA in Finance from the University of Toronto and a B.Sc. (Applied Science) from Queen's University.

Contacts:
Enbridge Inc.
Graham White
Media
(403) 508-6563 or Toll Free: (888) 992-0997
[email protected]

Enbridge Inc.
Adam McKnight
Investment Community
(403) 266-7922
[email protected]
www.enbridge.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...