Enbridge Inc. Announces Election of Directors

Rhea-AI Summary

Enbridge Inc. held its Annual Meeting of Shareholders on May 4, 2022, with shareholders approving the election of all 12 nominated directors. Notable additions to the Board include Jason B. Few and Steven W. Williams, both with extensive backgrounds in the energy sector. Voting results showed a strong approval rate, with individual directors receiving between 85.36% and 99.52% of votes for their election. The meeting also acknowledged the retirement of Herb, thanking him for his service.

Positive

• Approval of all 12 nominated directors enhances leadership stability.
• Strong support for new board members Few and Williams reflects confidence in management.

Negative

• Retirement of Herb may create a gap in institutional knowledge.

CALGARY, AB, May 4, 2022 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) held its Annual Meeting of Shareholders today. On a vote by ballot during the regular business proceedings at the meeting, shareholders approved the election of all 12 nominated directors proposed by management as listed in the Management Information Circular dated March 2, 2022. 

Enbridge is pleased to welcome Jason B. Few and Steven W. Williams to the Board. Mr. Few has more than 30 years of experience as a business leader, entrepreneur and technology leader focusing on energy and energy transition. He is currently President & CEO of FuelCell Energy, Inc.  Mr. Williams has more than 40 years of international energy industry experience, including as President & CEO of Suncor Energy Inc. from 2012 to 2019 and various roles during 18 years at Imperial Oil/Exxon.

"On behalf of the Board of Directors of Enbridge, we are very pleased to welcome Jason and Steve to the Enbridge Board. They each have extensive business experience and will be excellent additions to our Board. We would also like to thank Herb for his valuable service and many contributions to Enbridge over the years and we wish him well during his retirement," stated Greg Ebel, the Chair of the Board of Directors of Enbridge.

The detailed results of the vote for the election of directors are set out below.

	Votes For				Votes Withheld
	#		%		#		%
Mayank (Mike) M. Ashar	1,119,720,044		99.45%		6,153,930		0.55%
Gaurdie E. Banister	1,119,869,199		99.47%		6,004,837		0.53%
Pamela L. Carter	1,086,100,179		96.47%		39,773,857		3.53%
Susan M. Cunningham	1,095,878,800		97.34%		29,995,236		2.66%
Gregory L. Ebel	961,024,127		85.36%		164,851,450		14.64%
Jason B. Few	1,013,646,775		90.03%		112,228,803		9.97%
Teresa S. Madden	1,089,493,666		96.77%		36,381,911		3.23%
Al Monaco	1,107,228,169		98.34%		18,647,409		1.66%
Stephen S. Poloz	1,099,533,332		97.66%		26,342,050		2.34%
S. Jane Rowe	1,119,487,346		99.43%		6,388,231		0.57%
Dan C. Tutcher	1,096,541,822		97.39%		29,333,755		2.61%
Steven W. Williams	1,120,420,673		99.52%		5,454,676		0.48%

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 30 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 3.9 million retail customers in Ontario and Quebec; and Renewable Power Generation, which owns approximately 1,766 MW (net) in renewable power generation capacity 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-inc-announces-election-of-directors-301540245.html

SOURCE Enbridge Inc.

FAQ

What was the date of Enbridge Inc.'s Annual Meeting of Shareholders in 2022?

The Annual Meeting of Enbridge Inc. was held on May 4, 2022.

Who were the new directors elected to the Enbridge Board in 2022?

Jason B. Few and Steven W. Williams were elected to the Board.

What percentage of votes did Steven W. Williams receive for his election?

Steven W. Williams received 99.52% of the votes in his favor.

How many directors were approved at the Enbridge Annual Meeting in 2022?

All 12 nominated directors were approved at the meeting.

What is the stock symbol for Enbridge Inc.?

The stock symbol for Enbridge Inc. is ENB.