Enbridge Appoints New Directors to its Board

Rhea-AI Summary

Enbridge Inc. announced the appointment of Gaurdie Banister and Jane Rowe as new directors, effective November 4, 2021. Banister brings over 40 years of energy sector experience and previously served as CEO of Aera Energy LLC. Rowe is Vice Chair of Investments at the Ontario Teachers' Pension Plan Board and has significant banking experience from her time at Scotiabank. The Board welcomes their expertise, expecting valuable contributions to the company.

Positive

• Gaurdie Banister's extensive experience in the energy sector may enhance strategic decisions.
• Jane Rowe's financial expertise could strengthen Enbridge's investment strategies.

Negative

• Potential risks related to continuity in direction due to changes in Board composition.

CALGARY, AB, Nov. 5, 2021 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) is pleased to announce that its Board of Directors has appointed Gaurdie Banister and Jane Rowe as directors of Enbridge, effective November 4, 2021.

Mr. Banister has more than 40 years of experience within the energy sector, most recently as the CEO of Aera Energy LLC. Prior thereto, he had a long and successful career at Royal Dutch Shell, including various senior leadership roles between 1980 and 2007. Mr. Banister is currently a director of Tyson Foods and Dow Inc.

Ms. Rowe is a highly experienced executive with strong strategic business and financial skills, currently serving as Vice Chair, Investments, of the Ontario Teachers' Pension Plan Board. She has extensive banking and corporate finance experience, having spent over 20 years at Scotiabank in various senior leadership roles. Ms. Rowe currently sits on the boards of TD Bank Group and Cadillac Fairview.

"On behalf of the Board of Directors of Enbridge, we are very pleased to welcome Gaurdie and Jane to the Enbridge Board. They each have extensive business experience and will be excellent additions to our Board.  We look forward to their contributions," stated Greg Ebel, the Chair of the Board of Directors of Enbridge.

About Enbridge Inc. 

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; Gas Distribution and Storage, which serves approximately 3.8 million retail customers in Ontario and Quebec; and Renewable Power Generation, which generates approximately 1,766 MW of net renewable power in North America and Europe. The Company's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com.

FOR FURTHER INFORMATION PLEASE CONTACT: 

Media
Toll Free: (888) 992-0997 
Email: media@enbridge.com

Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com

View original content:https://www.prnewswire.com/news-releases/enbridge-appoints-new-directors-to-its-board-301416971.html

SOURCE Enbridge Inc.

FAQ

Who are the newly appointed directors of Enbridge?

Gaurdie Banister and Jane Rowe were appointed as directors of Enbridge.

What experience does Gaurdie Banister bring to Enbridge?

Gaurdie Banister has over 40 years of experience in the energy sector, including his role as CEO of Aera Energy LLC.

What role does Jane Rowe currently hold?

Jane Rowe is the Vice Chair of Investments at the Ontario Teachers' Pension Plan Board.

When were the new directors appointed to Enbridge's Board?

The new directors were appointed on November 4, 2021.

What impact might the new appointments have on Enbridge?

The new directors' experience may enhance strategic decisions and financial management at Enbridge.