TORONTO — Hydro One says an executive from a British Columbia electrical utility will become the new president and CEO of Ontario’s partially privatized utility.
The hiring comes after former Hydro One CEO Mayo Schmidt retired following the election of the Progressive Conservative government last spring. Tom Woods, the chairman of Hydro One’s board of directors, said Thursday he believes Poweska is the right person to run the company. “I am committed to Hydro One being a customer-friendly company delivering safe, affordable and reliable power,” Poweska said in the statement. “I look forward to getting to work and to developing a strategic plan to deliver on these goals.”
Despite Schmidt’s departure, the government and Hydro One have continued to clash over executive compensation levels at the company in recent months.
That sounds shady.