TORONTO, Nov. 14, 2012 /CNW/ - The Hydro One Board of Directors today
appointed Carmine Marcello to the role of President and Chief Executive
Officer of Hydro One Inc. Carmine Marcello assumes his responsibilities
effective January 1, 2013, following the planned retirement of outgoing
President and Chief Executive Officer, Laura Formusa.
"The Hydro One Board of Directors is pleased to confirm the appointment
of Carmine Marcello to the position of President and Chief Executive
Officer, Hydro One," said James Arnett, Chair of the Board of
Directors, Hydro One. "Carmine is a respected and highly qualified
executive who brings not only extensive technical experience to the
role but also critical business acumen. He is well-positioned to lead
He added, "On behalf of the Board of Directors, I would like to
recognize Laura Formusa's outstanding contributions to this Company
over a long and dedicated career and wish her well in her retirement."
Mr. Marcello said, "I am proud of the value that Hydro One employees
bring to the Province of Ontario each and every day. I will work to
ensure their safety and I am looking forward to leading the Company as
it continues its transformation into the utility of the future."
Carmine Marcello has over 25 years' experience with Hydro One as a
senior executive, strategic planner and advisor on transmission and
distribution utility processes in the electric utility industry.
Since November 2010, Mr. Marcello has held the position of Executive
Vice President, Strategy and Planning for Hydro One. In March 2009,
Carmine was appointed to the position of Senior Vice President, Asset
Management and was responsible for the life cycle management of Hydro
One's transmission and distribution assets including Hydro One's Smart
Grid initiative. He was appointed Vice President, Corporate Projects in
March 2007 and was responsible for the oversight and delivery of
enterprise-wide business transformation projects. From 2005 to 2007, he
led the transformation of Hydro One's Ontario Grid Control Centre.
Carmine has served on the North American Electric Reliability
Corporation (NERC) Member Representatives Committee (MRC) and in 2011
he was elected to the North American Transmission Forum Board of
Directors for a two-year term.
Carmine has a Masters of Business Administration from York University, a
Bachelor of Applied Science in Electrical Engineering from the
University of Toronto and holds an ICD.D designation from the Institute
of Corporate Directors.
Hydro One delivers electricity safely, reliably and responsibly to homes
and businesses across the province of Ontario and owns and operates
Ontario's 29,000 kilometre high-voltage transmission network that
delivers electricity to large industrial customers and municipal
utilities, and a 123,000 kilometre low-voltage distribution system that
serves about 1.3 million end-use customers and smaller municipal
utilities in the province. Hydro One is wholly owned by the Province of
SOURCE: Hydro One Inc.
For further information:
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