Enbridge has made a change to its high brass as the corporate has discovered a alternative for the departing government vice chairman and chief monetary officer, Vern Yu. The corporate has appeared no additional than its personal Patrick Murray, presently senior vice chairman and chief accounting places of work. The appointment is efficient July 1, 2023.
Enbridge famous that this appointment follows the choice by Yu, government vice chairman, company improvement, chief monetary officer and president, new vitality applied sciences to go away the corporate on June 30, 2023, at the side of his appointment as president and CEO of AltaGas.
Murray joined Enbridge in 1997 and has held a lot of positions of accelerating duty throughout the finance group. He was appointed senior vice chairman and chief accounting officer of Enbridge in 2020 and beforehand served as vice chairman, monetary planning, evaluation and controller from 2018-2020, as vice chairman, monetary planning and evaluation from 2017 to 2018 and as vice chairman, treasury from 2014 to 2017.
Enbridge added that Murray is a Chartered Skilled Accountant and holds a Bachelor of Commerce Diploma from the College of Alberta.
“Pat’s appointment demonstrates our funding in individuals improvement permitting us to construct a deep bench of government expertise to make sure easy and seamless succession resembling this,” mentioned Greg Ebel, president and chief government officer of Enbridge.
“Pat is a superb addition to the chief management group and his capital markets, traders relations and total company finance expertise will serve the corporate effectively as we proceed to advance Enbridge’s strategic and development initiatives. I want Vern all the perfect together with his new profession and thank him for his 30 years of devoted service and dedication to Enbridge and its individuals,” he added.
The appointment follows the corporate’s posting of a C$1.7 billion revenue within the first quarter of the 12 months, equal to $1.26 billion.
Talking of the outcomes, Ebel mentioned it was a robust begin to 2023, with the corporate’s low-risk enterprise mannequin persevering with to ship in all market cycles.
“Our first quarter outcomes had been proper according to our expectations regardless of excessive volatility in each monetary and commodity markets,” Ebel mentioned.
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