8-KLeadership ChangesExhibits & Filings

ENBRIDGE INC 8-K Report, Executive Changes (Jan 19, 2022)

Filed January 19, 2022For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

This 8-K filing by Enbridge Inc. (ENB) announces a significant executive leadership transition within its Gas Transmission and Midstream segment. William T. Yardley, the current Executive Vice President and President of this division, has notified the company of his intention to retire effective May 31, 2022. This transition will see him serve in a transitional role as Executive Vice President from March 1, 2022, until his retirement. Effective March 1, 2022, Cynthia Hansen, who currently holds the position of Executive Vice President and President of Gas Distribution and Storage, will assume the role of Executive Vice President and President of Gas Transmission and Midstream. This appointment signifies a shift in leadership within a key operational segment of Enbridge, and investors should monitor the impact of this change on the company's strategic direction and operational performance in the gas transmission and midstream sector.

Key Highlights

  • 1William T. Yardley, Executive Vice President and President, Gas Transmission and Midstream, to retire effective May 31, 2022.
  • 2Mr. Yardley will transition to an Executive Vice President role from March 1, 2022, until his retirement.
  • 3Cynthia Hansen appointed Executive Vice President and President, Gas Transmission and Midstream, effective March 1, 2022.
  • 4Ms. Hansen currently serves as Executive Vice President and President, Gas Distribution and Storage.
  • 5The filing includes a press release (Exhibit 99.1) detailing these executive changes.
  • 6Enbridge's common shares (ENB) and 6.375% Fixed-to-Floating Rate Subordinated Notes Series 2018-B due 2078 (ENBA) are registered on the New York Stock Exchange.

Frequently Asked Questions

The main purpose of this filing is to announce an executive leadership change at Enbridge Inc. Specifically, it reports on the upcoming retirement of William T. Yardley, Executive Vice President and President of Gas Transmission and Midstream, and the appointment of Cynthia Hansen to succeed him.

Cynthia Hansen, currently the Executive Vice President and President of Gas Distribution and Storage, will be appointed as the new Executive Vice President and President of Gas Transmission and Midstream, effective March 1, 2022.

No, Mr. Yardley will not be leaving the company entirely on March 1, 2022. He will serve as an Executive Vice President of Enbridge from March 1, 2022, until his official retirement on May 31, 2022, likely to ensure a smooth transition.

More details about the retirement of Mr. Yardley and other executive leadership changes are available in the press release issued by Enbridge, which is attached to this 8-K filing as Exhibit 99.1.