Emera Announces Executive Team Changes
– Blunden appointed CFO, Balfour given additional responsibilities –
HALIFAX, Nova Scotia–Chris Huskilson, President and CEO of Emera Inc. (EMA:TSX) today announced two important changes to Emera’s executive team.
Greg Blunden has been appointed Chief Financial Officer, Emera Inc., effective March 1, 2016. Mr. Blunden, currently Emera’s Vice President, Corporate Strategy and Planning, has been with Emera since 2000. Prior to assuming his current role, he served as Executive Vice President, Customer, Business & Financial Services at Nova Scotia Power. He has held a number financial leadership roles at Emera Inc., Emera Maine and Nova Scotia Power. Mr. Blunden is a Chartered Professional Accountant and a graduate of Mount Allison University.
Scott Balfour, Emera’s current CFO, has been appointed to the position of Chief Operating Officer, Northeast & Caribbean, effective March 1, 2016. In his new capacity, Mr. Balfour will provide senior executive leadership for Emera’s existing operations, including Nova Scotia Power, Emera Energy, Emera Maine, Emera Caribbean, Emera Brunswick Pipeline and Emera Utility Services. Mr. Balfour’s appointment flows from the announcement early last year of a realignment of Emera’s executive team, and the more recent appointment of Rob Bennett as President of Emera US Inc., responsible for the integration of TECO Energy.
“Emera is undergoing a significant strategic expansion,” said Mr. Huskilson. “These changes will strengthen our capacity to manage this growth and achieve our strategic goals.”
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $11 billion in assets and 2014 revenues of $2.97 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. Emera continues to target having 75-85 percent of its adjusted earnings come from rate-regulated businesses. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, and EMA.PR.F and the instalment receipts are listed and trade under the symbol EMA.IR. Additional Information can be accessed at www.emera.com or at www.sedar.com.
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