TORONTO, Dec. 21 /CNW/ - Rita Burak, Chair of the Board of Directors of
Hydro One Inc., has informed the Minister of Energy that she will not be
seeking reappointment in the new year.
"This was a difficult decision for me," said Burak. "I have truly enjoyed
my six years on the Hydro One Board and nearly five years as Chair and I am
proud of our accomplishments - the Company is very sound both financially and
operationally. I am also pleased to be leaving the company in the capable
hands of my fellow board members, our CEO and her great team."
Ontario Energy Minister Gerry Phillips praised Burak for her exceptional
leadership at Hydro One and her broader, invaluable contributions to the
people of Ontario.
"Ms. Burak has done an exceptional job with the Board of Hydro One," said
Minister Phillips. "It is with great reluctance, but complete understanding,
that we accept her decision to devote more of her time to the most important
endeavour in life - family. She will carry our best wishes when she completes
her appointment as Chair this spring."
Ms. Burak will continue as Chair until the Minister of Energy appoints a
successor in the new year.
Hydro One Inc. is a holding company that operates through its
subsidiaries in the electricity transmission and distribution and telecom
businesses. One of its subsidiaries, Hydro One Networks Inc., operates one of
the largest transmission and distribution systems in North America. Hydro One
Inc. is wholly owned by the Province of Ontario.
For further information:
For further information: contact Hydro One Media Relations 24 hours a
day at 1-877-506-7584 (toll-free in Ontario only) or (416) 345-6868, Our web
site is www.HydroOne.com