HALIFAX, Feb. 28, 2012 /CNW/ - (TSX: EMA): Chris Huskilson, President and Chief Executive Officer of Emera Inc.,
announced today that Scott Balfour has been appointed Executive Vice
President and Chief Financial Officer (CFO) of Emera, effective April
Mr. Balfour is currently President of Ensimian Capital Corporation, a
private company providing consulting services and private investment.
Mr. Balfour previously held the position of President and CFO of Aecon
Group Inc., a publicly traded construction and infrastructure
development company headquartered in Toronto, Ontario.
"Scott is a proven leader with twenty-three years of business experience
and an impressive track record of building a highly successful publicly
traded construction and infrastructure development company," said Chris
Huskilson. "With seventeen years of experience as CFO of Aecon we are
confident Scott will be a strong fit for our leadership team."
Judy Steele, who has held the role of interim CFO since May 16, 2011,
will work closely with Scott to ensure a smooth transition.
"I want to thank Judy for her time and dedication to the CFO position
over the last year," continued Mr. Huskilson. "Judy's experience and
expertise were instrumental in guiding Emera through this this interim
About Emera Inc.
Emera Inc. is an energy and services company with $6.9 billion in assets
and 2011 revenues of $2.1 billion. The company invests in electricity
generation, transmission and distribution, as well as gas transmission
and utility energy services. Emera's strategy is focused on the
transformation of the electricity industry to cleaner generation and
the delivery of that clean energy to market. Emera has interests
throughout northeastern North America, in three Caribbean countries and
in California. More than 80% of the company's earnings come from
regulated investments. Emera common and preferred shares are listed on
the Toronto Stock Exchange and trade respectively under the symbol EMA
and EMA.PR.A. Additional information can be accessed at www.emera.com, www.sedar.com, or on www.sec.gov.
SOURCE EMERA INC.
For further information:
Jill MacDonald, CA
Manager, Investor Relations
Director, Corporate Communications