Emera Inc. Announces New Board Appointments
Jackie Sheppard, Chair of Emera Inc. (TSX:EMA), announced the appointment of two new members to Emera's Board of Directors.
Henry E. Demone, Chief Executive Officer of High Liner Foods, Lunenburg, Nova Scotia and J. Wayne Leonard, former Chairman and Chief Executive Officer of Entergy Corporation, New Orleans, Louisiana, will join the Emera Inc. Board of Directors effective September 25, 2014.
Mr. Demone has been CEO of High Liner Foods since 1992. Under his leadership, the company transitioned from a regional fishing and processing operation to a leading supplier of frozen seafood in North America. Since assuming the role of CEO, Mr. Demone has led High Liner Foods to significant financial growth and consistent increases in the company's market capitalization and share price.
In 1998, after two decades in the US energy industry, Mr. Leonard joined Entergy Corporation, an integrated electrical utility company focused on power production and retail distribution. He became CEO of Entergy in 1999. Until his retirement in 2013, Mr. Leonard led Entergy in becoming one of the first US utilities to voluntarily reduce emissions, making the company one of the least coal-dependent utilities across the country. Mr. Leonard is also credited with restructuring the business, making it the successful utility it is today.
'Both Henry and Wayne are recognized business leaders with proven track records,' said Ms. Sheppard. 'They are forward-thinkers who have transformed their respective businesses and created significant shareholder value. I'm delighted they'll be joining our Board.'
Mr. Demone holds a Bachelor of Science from Acadia University. He currently sits on the Board of Saputo Inc. and is past-Chair of the Fisheries Council of Canada and the Groundfish Forum, a global trade association representing leading companies in the industry. He has served on the Boards of Dover Industries Ltd. and Maritime Tel &Tel (Aliant). Mr. Demone was the first non-US citizen to be named Chair of the National Fisheries Institute, a US national trade association. His extensive experience in strategic planning, global markets, mergers and acquisitions, make Mr. Demone a significant asset to Emera's Board of Directors.
Mr. Leonard holds a Bachelor of Science from Ball State University and an MBA from Indiana University. He is a Certified Public Accountant in the State of Indiana. He is a former Board member of the Centre for Climate and Energy Solutions and currently serves on the Boards of the Edison Electric Institute and Tidewater Inc. With his considerable experience in regulated and non-regulated utilities and capital markets, Mr. Leonard is a valuable addition to the Emera Board.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with $9.07 billion in assets and 2013 revenues of $2.2 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services. Emera's strategy is focused on the transformation of the electricity industry to cleaner generation and the delivery of that clean energy to market. Emera has investments throughout northeastern North America, and in four Caribbean countries. Approximately 80% of the company's reported net income in 2013 came from regulated investments. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A., EMA.PR.C., EMA.PR.E. and EMA.PR.F. Additional information can be accessed at emera.com, or on SEDAR at sedar.com.