May 26, 2014
NB Power is welcoming five new members to its board of directors who bring a wealth of experience in the energy sector, in the nuclear industry and in finance. The directors were selected using a new independent recruitment process outlined in the Electricity Act. The new directors include Judith Athaide, Charles Firlotte, Mark Reddemann, Barbara Trenholm, and Mike Wilson.
"This new independent process generated tremendous interest from exceptional individuals across North America", said Ed Barrett, Chairman of the Board of Directors for NB Power. "These five additions - all leaders in their own right - will strengthen our board's ability to provide the vision and oversight required to fulfill the mandate we've been given by government to keep rates low and stable for the long term, pay down a billion dollars' worth of debt while adding more renewable energy to the grid."
The new process of board recruitment was agreed to by government in Spring 2013 and began in earnest last fall with the selection of executive search firm Odgers Berndtson to carry out the search. The firm conducted a two-month long recruitment process using a matrix of board member skills identified as necessary for the utility's future success.
This search culminated in more than 100 applications from leaders across North America. This list was pared down to 12 potential candidates who were interviewed by the Board's executive search committee and the five new directors were then selected from this list.
"Having this level of interest in our process speaks to the strength of the vision we have laid out for NB Power," said Mr. Barrett. "Our board now consists of leaders from across New Brunswick and North America united with the common goal of making NB Power a leader among North American utilities. More importantly, we have the team now to drive this company to achieving our smart grid vision for New Brunswick which we believe can be a catalyst for supporting economic renewal in our province."
The following are the five new additions to the NB Power Board of Directors, joining Chairman Ed Barrett, and directors Norm Betts, Chief Phil Fontaine, Lise Ouellette, Michael Sellman, Robert Youden and CEO Gaëtan Thomas.
Ms. Athaide has more than 20 years of experience, and success, in the energy industry and in a wide range of for-profit and not-for-profit governance roles. She is currently the President and CEO of The Cogent Group Inc, an energy consulting company based in Calgary. She is the editor of a North American electricity industry newsletter, Watts-Up, and has contributed to the Independent Power Producers Society of Alberta's bi-monthly newsletter. She has also held several board positions for companies in the business and energy sectors.
Mr. Firlotte is the President & CEO of Aquarion Water Company in Bridgeport, CT- one of the largest investor-owned water utilities in the U.S., serving three States in the North East. He previously held Director, Vice President, Senior Vice President and Chief Operating Officer positions in both the United States and the United Kingdom for the Kelda Group- a UK based water utility. He also holds degrees from St. Thomas University in Fredericton, the University of Ottawa and Harvard School of Business and has served on boards for the Connecticut Business Industry Association, Duoyuan Global and KGI Bridgeport.
Mr. Reddemann is the Chief Executive Officer for Energy Northwest, a joint operating agency that owns and operates nuclear, wind, hydro and solar generation assets in Washington State. Mr. Reddemann has held a variety of roles within the nuclear industry throughout his career, including Engineering, Supervision, Management and prior to his role at Energy Northwest in Vice Presidential roles within the Nuclear Management Company in Minnesota. He has also served on several Nuclear energy and safety boards, including his most recent tenure on the board for the Nuclear Energy Institute.
Ms. Trenholm, BComm, MBA, FCA has taught accounting and finance at the Faculty of Business Administration, University of New Brunswick and its international campuses since 1980. She continues to teach locally and internationally on a part-time basis after her retirement in 2008 and appointment as a Professor Emerita in 2009. Her teaching and educational leadership has been widely recognized. She is a recipient of several national Education awards and recently completed an 11-year term on the Board of Directors of Atomic Energy of Canada Limited, where she also chaired the audit committee.
Mr. Wilson is the CEO for the Atlantic Industries Limited (AIL) Group of Companies - a world leader in developing innovative engineered solutions in corrugated pipe products for the transportation, public works, mining, forestry, and development sectors with offices in Canada, the United States, Europe, South America, South Africa, Australia and South Korea. A native of Sackville, New Brunswick, Mike obtained his Civil Engineering degree from UNB in 1975 and became a Project Engineer with Alberta's Department of Transportation.
For more information:
515 King Street, PO Box 2000
Fredericton, New Brunswick
Canada, E3B 4X1
Contact person: Deborah Nobes
Tel: (506) 458-4838