Ramil brings wealth of experience as TECO Energy CEO
HALIFAX, Nova Scotia--(BUSINESS WIRE)--
Jackie Sheppard, Chair of Emera Inc. (TSX:EMA), today announced the
appointment of John Ramil to Emera’s Board of Directors. Mr. Ramil’s
appointment will take effect September 1, 2016, after Emera’s
acquisition of TECO Energy.
Mr. Ramil, who announced his retirement today as TECO Energy’s President
and Chief Executive Officer effective August 31, 2016, is a well-known
utility industry leader. A Tampa native, he has had an impressive
40-year career with TECO Energy and has been a significant leader in the
Tampa Bay community. Mr. Ramil led a variety of areas in the company and
became TECO Energy’s president in 2004 and chief executive officer in
2010.
During this period, Mr. Ramil played a key role in helping develop
TECO’s brand for customer service and operational excellence as well as
led its growth as a strong player in the capital markets.
“John brings significant business and utility sector experience to
Emera’s board, as well as a deep understanding and involvement in the
new communities Emera will be serving,” said Jackie Sheppard, Chair of
Emera. “John’s range and depth of skills will be a great asset for Emera
across all of our businesses.”
Mr. Ramil received his Bachelor of Science, Master of Science and
honorary Doctorate degrees in Engineering from the University of South
Florida (USF). In 1999, he was named USF's Distinguished Alumnus. He is
the longest-serving member of the USF board of trustees and served as
its chairman from 2010 to 2015.
Mr. Ramil serves on the boards of directors of the Moffitt Cancer Center
Institute, GuideWell Mutual Holding Corp. and its subsidiary, Florida
Blue, and he is chairman of the Audit and Compliance Committee for both.
He will continue to serve on those boards after his retirement. He also
serves on the board of the Edison Electric Institute, an industry
association, and the Tampa Bay Partnership, which he will discontinue
upon his retirement. He is a member of the Florida Council of 100.
Previously he served as chairman of the Greater Tampa Chamber of
Commerce and the Tampa Hillsborough Economic Development Corp.
In September 2015, Emera announced an agreement to merge with Tampa
based TECO Energy. All conditions precedent to complete the transaction
have been fulfilled other than the customary closing conditions. The
transaction closing is expected to occur on or about July 1st, 2016.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company
headquartered in Halifax, Nova Scotia with approximately $11.5 billion
in assets and 2015 revenues of $2.79 billion. The company invests in
electricity generation, transmission and distribution, as well as gas
transmission and utility energy services with a strategic focus on
transformation from high carbon to low carbon energy sources. Emera has
investments throughout northeastern North America, and in four Caribbean
countries. Emera continues to target having 75-85% of its adjusted
earnings come from rate-regulated businesses. Emera’s common and
preferred shares are listed on the Toronto Stock Exchange and trade
respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C,
EMA.PR.E, and EMA.PR.F and instalment receipts are listed and trade
under the symbol EMA.IR. Depositary receipts representing common shares
of Emera are listed on the Barbados Stock Exchange under the symbol
EMABDR. Additional Information can be accessed at www.emera.com
or at www.sedar.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160624005368/en/
Emera Inc.
Investor Relations:
Scott LaFleur,
902-428-6375
Scott.lafleur@emera.com
or
Media:
Neera
Ritcey, 902-223-2272
neera.ritcey@emera.com
Source: Emera Inc.