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.