AGM/EGMMay 7, 2026, 10:38 AM
Hydro One CEO David Lebeter to Retire; Megan Telford Appointed CEO
AI Summary
Hydro One Ltd. announced its 2026 Annual Meeting of Shareholders will be held virtually on June 9, 2026. Key agenda items include the election of 10 directors, the re-appointment of KPMG LLP as external auditor, and an advisory vote on executive compensation. Notably, David Lebeter will retire as President and CEO, with Megan Telford appointed as his successor, both effective June 9, 2026. The company also detailed the process for shareholders to access proxy materials and participate in the virtual meeting.
Key Highlights
- CEO David Lebeter will retire effective June 9, 2026.
- Megan Telford appointed President and CEO, effective June 9, 2026.
- 2026 Annual Meeting of Shareholders to be held virtually on June 9, 2026, at 2:00 p.m. EDT.
- Shareholders will elect 10 directors, including new nominees Megan Telford, Michael Rencheck, Debbie Hutton, and Perrin Beatty.
- KPMG LLP is proposed for re-appointment as external auditor; 2025 fees totaled $3,730,842.
- An advisory vote on executive compensation (Say on Pay) will be conducted.
- Mitch Panciuk and Helga Reidel will not be standing for re-election.
- The Province of Ontario holds approximately 47% of the outstanding common shares.