CALGARY, Feb. 7 /CNW/ - The ENMAX Board of Directors has reported today
that compensation set for the interim President and CEO Mr. Charles
Ruigrok is equivalent to $1.2 million per year. Mr. Ruigrok has agreed
to a six-month contract subject to an extension if necessary and can be
terminated on 30 days notice by either party.
Mr. Ruigrok will not receive his ENMAX Board of Directors compensation
and is not eligible for company benefits or bonuses.
About ENMAX Corporation
ENMAX Corporation, through subsidiaries and predecessors, has provided
Albertans with safe and reliable electricity for more than 100 years.
ENMAX Corporation provides electricity, natural gas and value-added
services to more than 660,000 residential, commercial and industrial
metered customer locations in Alberta. ENMAX Energy Corporation, a
subsidiary of ENMAX Corporation, is Alberta's leading competitive
electricity retailer. Through subsidiaries, ENMAX Energy is one of
Alberta's largest investors in renewable energy and was the first
Canadian electricity retailer to offer customers the option to support
wind generated energy. As well, ENMAX Corporation, through its
subsidiary ENMAX Envision Inc., provides fibre optic networks for high
speed data and internet communications. Visit our website at enmax.com.
SOURCE ENMAX Corporation
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