Summary
Enbridge Inc. (ENB) announced a significant executive transition in its Gas Transmission & Midstream segment. Cynthia L. Hansen, currently Executive Vice President & President of Gas Transmission & Midstream, will transition to a Special Advisor to the CEO role effective January 1, 2026, in preparation for her retirement on January 10, 2027. This transition includes an amendment to her employment agreement entitling her to a lump sum payment upon retirement, reflecting her base salary and recent short-term incentive awards.
Key Highlights
- 1Cynthia L. Hansen to transition to Special Advisor to CEO on January 1, 2026, ahead of her retirement on January 10, 2027.
- 2Ms. Hansen's retirement agreement includes a lump sum payment equal to one times her annual salary plus the average of her short-term incentive awards from the preceding two years.
- 3Matthew A. Akman appointed Executive Vice President & President, Gas Transmission & Midstream, effective January 1, 2026, succeeding Ms. Hansen.
- 4Allen C. Capps appointed Senior Vice President, Strategy & President, Power, effective January 1, 2026.
- 5These executive changes are designed to ensure a smooth leadership succession within key operational and strategic areas of the company.
- 6The company issued a news release on October 2, 2025, to announce these appointments.
Frequently Asked Questions
The primary financial impact disclosed relates to Ms. Hansen's retirement. Upon her retirement on January 10, 2027, she will receive a lump sum payment equivalent to one times her annual salary plus the average of her short-term incentive awards paid in the two years prior to retirement. Specific dollar amounts are not provided in this filing.
Matthew A. Akman, currently Executive Vice President, Corporate Strategy & President, Power, will assume the role of Executive Vice President & President, Gas Transmission & Midstream, effective January 1, 2026.
Yes, Allen C. Capps, currently Senior Vice President & Chief Commercial Officer, Gas Transmission & Midstream, has been appointed Senior Vice President, Strategy & President, Power, also effective January 1, 2026. These changes indicate a broader leadership realignment.
The appointments of Matthew A. Akman and Allen C. Capps, along with Ms. Hansen's transition to Special Advisor, are all effective January 1, 2026. Ms. Hansen's retirement is scheduled for January 10, 2027.