Emera Announces CFO Transition Plans
19 3월 2025 - 8:45PM
Business Wire
This news release constitutes a “designated
news release” for the purposes of Emera’s prospectus supplement
dated November 14, 2023 (as amended on November 18, 2024 by
amendment no. 1 thereto), to its short form base shelf prospectus
dated October 3, 2023 (as amended on November 13, 2024 by amendment
no. 1 thereto).
Today, Emera announced an upcoming Chief Financial Officer (CFO)
transition.
Greg Blunden, Emera’s Chief Financial Officer since 2016, will
take on a new role of Executive Vice President, Finance, Emera USA,
assuming responsibility for Finance for Tampa Electric and Peoples
Gas, Emera’s largest and fastest-growing utilities. With a strong
economy and growing population, the demand in Florida for
electricity and gas services continues to grow and is where
approximately 80 per cent of Emera’s $20 billion capital plan will
be invested over the next five years. In this important role,
Greg’s strong financial leadership and deep business and sector
knowledge will be an asset in supporting the ongoing operations and
continuing growth of the company’s Florida utilities, and for Emera
overall.
The company will begin the process of recruiting a new CFO
immediately and has retained an Executive Search firm to assist.
Until a new CFO is in place, Greg will remain as Emera’s CFO and
will be integral in the successful integration of his
successor.
“This change will expand Emera’s already strong Executive bench,
better support our largest and fastest growing market, and
reinforce our focus on disciplined financial management,” says
Scott Balfour, President & CEO, Emera Inc. “I want to thank
Greg for all he has done for Emera to date and look forward to
continuing to work with him in his new role leading Finance for our
U.S. operations.”
Forward Looking Information This news release contains
forward‐looking information within the meaning of applicable
securities laws, including, without limitation, statements
concerning Emera’s: planned CFO transition and its anticipated
positive impact on Emera; expectations of an ongoing strong economy
and growing population in Florida; belief that the demand in
Florida for electricity and gas services will continue to grow;
plans for approximately 80 per cent of Emera’s $20 billion capital
plan to be invested in Florida over the next five years; and
expectations regarding the continued growth of Emera and its
Florida utilities. Undue reliance should not be placed on this
forward-looking information, which applies only as of the date
hereof. By its nature, forward‐looking information requires Emera
to make assumptions and is subject to inherent risks and
uncertainties. These statements reflect Emera management’s current
beliefs and are based on information currently available to Emera
management. There is a risk that predictions, forecasts,
conclusions and projections that constitute forward‐looking
information will not prove to be accurate, that Emera’s assumptions
may not be correct and that actual results may differ materially
from such forward‐looking information. Additional detailed
information about these assumptions, risks and uncertainties is
included in Emera’s securities regulatory filings, including under
the heading “ Enterprise Risk and Risk Management” in Emera’s
annual Management’s Discussion and Analysis, and under the heading
“Principal Financial Risks and Uncertainties” in the notes to
Emera’s annual and interim financial statements, which can be found
on SEDAR+ at www.sedarplus.ca.
About Emera Emera (TSX: EMA) is a leading North American
provider of energy services headquartered in Halifax, Nova Scotia,
with investments in regulated electric and natural gas utilities,
and related businesses and assets. The Emera family of companies
delivers safe, reliable energy to approximately 2.6 million
customers in Canada, the United States and the Caribbean. Our team
of 7,600 employees is committed to our purpose of energizing modern
life and delivering a cleaner energy future for all. Emera’s common
and preferred shares are listed and trade on the Toronto Stock
Exchange. Additional information can be accessed at www.emera.com
or www.sedarplus.ca.
Source: Emera Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20250319930190/en/
Emera Inc. Investor Relations Dave Bezanson, VP,
Investor Relations & Pensions 902-474-2126
dave.bezanson@emera.com
Media 902-222-2683 media@emera.com
Emera (TSX:EMA.PR.B)
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