•All of company’s board will be replaced in ‘orderly’ way
• New Ontario government had pledged to dismiss Hydro One board

Hydro One CEO to Retire as Ontario's Doug Ford Shakes Up Utility

By -- Bloomberg—— Bio and Archives--July 12, 2018

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Hydro One Ltd. Chief Executive Officer Mayo Schmidt will retire and the company’s board will be replaced as new Ontario Premier Doug Ford moves to fulfill a promise to shake up the province’s troubled power system in a bid to reduce electricity prices.

Getting rid of Schmidt, 60, was at the top of the agenda for Ford and his Progressive Conservatives who won a provincial election last month. The vote ended 15 years of rule by the Liberal Party which had partially privatized the electricity transmission and distribution company.— More…


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