ENMAX announces President and CEO Gary Holden's departure from the company

CALGARY, Jan. 21 /CNW/ - ENMAX Corporation President and CEO Gary Holden is departing the company immediately.

"A number of recent events have become a significant distraction to the organization's ability to focus on those things that are critical to its success. As CEO I want to do what is now clearly in everyone's best interest and that is to leave so the organization can focus on business. I have always endeavored to act in this company's best interest and this decision today reflects that. I will miss the people and have a great deal of pride in what we have built together," said Gary Holden.

"We are saddened to see Gary leave. Together with his executive team he has built ENMAX into a formidable and innovative company. Mr. Holden's strategy and vision is strongly supported by the Board and it has added tremendous value for the citizens of Calgary in his five years at the helm. We wish him continued success. We will be announcing an interim CEO shortly and will immediately start the process to find a replacement," stated Cliff Fryers, Chairman of the Board.

SOURCE ENMAX Corporation

For further information:

Media only contact:
Doris Kaufmann
Sr. Media Relations Advisor
ENMAX Corporation
403-689-6150
mediaroom@enmax.com

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