TORONTO, July 24, 2015 /CNW/ - The Board of Directors is pleased to announce that Tim O'Neill has been appointed the new Chair of the Independent Electricity System Operator (IESO). He replaces Jim Hinds, who has recently stepped down from his position on the IESO Board.
In addition, Carole Workman has been appointed as a new Board member for the IESO. Ms. Workman was previously a member of Board of Directors for Hydro One since April 2014, where she sat on the Audit, Finance and Pension Investment Committee and the Regulatory and Public Policy Committee.
"I'd like to thank Jim Hinds for his service to the IESO, both in his role as Chair this year but also for his chairmanship at the Ontario Power Authority and before that, at the IESO. Both organizations have benefitted from his knowledge and expertise. I look forward to carrying on the good work that has been started under his leadership."
— Tim O'Neill, IESO Chair
"Tim and Carole are proven leaders. As a new Chair and a new Director, they will make strong contributions to a Board that plays an essential role in managing the province's power system, ensuring that Ontarians receive power when and where they need it. Their leadership and efforts will help us deliver on the government's priority of providing clean, reliable and affordable power."
— Bob Chiarelli, Minister of Energy
Dr. O'Neill was previously Vice-Chair of the IESO Board of Directors, a position to which he was appointed on January 6, 2015. He served as the Chair of the Board for the former IESO organization, from December 8, 2010, to December 31, 2014, before it merged with the Ontario Power Authority at the beginning of this year.
Dr. O'Neill is currently the President of O'Neill Strategic Economics and also chairs the national Joint Grants Committee for the United Church of Canada. He has been a Visiting Professor at Duke University as well as a Director of the Canadian Employment Insurance Financing Board. After retiring from BMO Financial Group, where he served as Executive Vice-President and Chief Economist, he was the first H. Ian MacDonald Visiting Economist with the Ontario government. He served as President of the Atlantic Provinces Economic Council after teaching in the Department of Economics at St. Mary's University in Halifax for 12 years. He has served as a consultant to several provincial governments, as well as the federal government.
Dr. O'Neill is the first Canadian economist to be elected to the Board of Governors of the Washington-based National Association for Business Economics where he served as president from October 2002 until September 2003.
Ms. Workman is a Chartered Professional Accountant - Chartered Accountant. She is the Chair of the Ottawa Hospital Board of Directors, a position she has held since 2011, and was appointed a director of the Ottawa Hospital Board in 2007. She is also a member of the Board of Allstate Insurance of Canada.
Ms. Workman has had a long career in executive and financial management and previously served the University of Ottawa as its Vice President, Finance and Administration, until her retirement in 2004. Throughout her career she was active in numerous university associations, having chaired the Council of Senior Administrators of Universities of Ontario and the Canadian University Reciprocal Insurance Exchange, an insurance cooperative that provides property and liability coverage for Canadian universities.
Her previous experience as a director includes the boards of directors of Hydro Ottawa, the Federal Bridges Corporation, the Royal Ottawa Mental Health Care Group, the Ottawa Hospital Research Institute, and the University of Ottawa Heart Institute. Ms. Workman completed the Harvard International Management Program in 1997.
About the IESO
The IESO manages the province's power system so that Ontarians receive power when and where they need it. It plans and prepares for future electricity needs and works with its partners to guide conservation efforts. On January 1, 2015, the Ontario Power Authority amalgamated with the IESO. For more information, please visit www.ieso.ca.
SOURCE Independent Electricity System Operator
For further information: IESO Media Contact: Mary Bernard, 416-506-2823, [email protected]