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Posted 04 October, 2022

ENBRIDGE INC appointed Greg Ebel as new CEO

NYSE:ENB appointed new Chief Executive Officer Greg Ebel in a 8-K filed on 04 October, 2022.


  Concurrent with this announcement, the Board has appointed Greg Ebel, currently Board Chair, to succeed Mr. Monaco as President and Chief Executive Officer effective January 1, 2023.  

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Overview of ENBRIDGE INC
Companies on the Energy Service • Pipeline Transportation
Enbridge, Inc. engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines. The Gas Distribution & Storage segment consists of natural gas utility operations, the core of which is Enbridge gas, which serves residential, commercial and industrial customers. It also includes natural gas distribution activities in Quebec and an investment in Noverco, which holds a majority interest in a subsidiary entity engaged in distribution and energy transportation primarily in Quebec. The Gas Transmission & Midstream segment consists of investments in natural gas pipelines, processing and green energy projects, the company's commodity marketing businesses, and international activities. The Renewable Power Generation segment consists primarily of investments in wind and solar power generating assets, as well as geothermal, waste heat recovery, and transmission assets. The Energy Services segment consists of businesses in Canada and the United States including logistical services, refinery supply services and the firm's volume commitments on various pipeline systems. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.
Market Cap
$92.3B
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ENBRIDGE INC by TradingView
Relevant filing section
Item 5.02. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On October 2, 2022, Al Monaco announced his intention to retire as President and Chief Executive Officer of Enbridge Inc. (the "Company") and from its Board of Directors (the "Board") effective January 1, 2023. Concurrent with this announcement, the Board has appointed Greg Ebel, currently Board Chair, to succeed Mr. Monaco as President and Chief Executive Officer effective January 1, 2023. Mr. Ebel will also continue as a member of the Board. A new independent Board Chair will be named prior to January 1, 2023. To support Mr. Ebel through transition, Mr. Monaco will serve as an advisor through March 1, 2023. Mr. Monaco's decision to retire was based on personal reasons and not the result of any disagreement relating to the Company's operations, policies or practices. 

Mr. Ebel has served as Chair of the Board since February 27, 2017. Prior to that, Mr. Ebel served as Chairman, President and Chief Executive Officer of Spectra Energy from 2009 until February 27, 2017. Mr. Ebel held various executive positions with Spectra Energy including Group Executive and Chief Financial Officer beginning in 2007. He was also President of Union Gas Limited from 2005 until 2007 and Vice President, Investor & Shareholder Relations of Duke Energy Corporation from 2002 until 2005. 

There is no arrangement or understanding between Mr. Ebel and any other person pursuant to which he was appointed, and there are no family relationships between Mr. Ebel and any director or executive officer of the Company or relationships or related transactions between Mr. Ebel and the Company that are required to be reported.