HALIFAX, Nova Scotia and TAMPA, Fla.--(BUSINESS WIRE)--
Emera Inc. (“Emera”) (TSX: EMA) announced today that Nancy Tower will
become the President and Chief Executive Officer of Tampa Electric upon
Gordon Gillette’s retirement on Nov.30.
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“Gordon has played a key role in integrating Tampa Electric into the
Emera group of companies, and he is leaving the organization well
positioned for the future,” said Scott Balfour, Chief Operating Officer,
Emera Inc. “Over his 36 years with the organization, Gordon has
contributed significantly and we thank him for his commitment and
leadership. It’s an important time for our Florida operations and we are
pleased to have a seasoned leader like Nancy join the experienced team
in Tampa to navigate both the opportunities and challenges facing the
business.”
“After 36 years, I am proud of the work we have done at the company, and
I see a bright future for Tampa Electric,” Gillette said. “I look
forward to continuing my commitment to the Tampa Bay community in this
next chapter.”
During her 20 years with Emera, Tower has held a variety of senior
corporate and operational roles. Most recently she was Chief Corporate
Development Officer (2014 – present) for Emera and was instrumental in
making the TECO transaction happen. She previously served as CEO of
Emera Newfoundland and Labrador (2011-2014) and Chief Financial Officer
for Emera (2005-2011). When she was CEO of Emera Newfoundland and
Labrador she negotiated critical agreements and took the Maritime Link
project through its regulatory approvals. She also held several
operations positions at Nova Scotia Power, including Vice President of
Customer Operations, where she led a team that operated and maintained
the province’s electricity delivery system. She also held a management
position at Tufts Cove Generating Station in Nova Scotia.
“I am excited to join the team in Florida during this dynamic time,”
Tower said. “We will continue to work hard to meet the needs of our
customers, strengthen our safety culture and advance our strategy of
delivering cleaner, affordable energy.”
Tower joins a strong leadership team at Tampa Electric focused on
delivering nearly 4,700 megawatts of capacity and serving 750,000
customers in West Central Florida.
Emera’s Florida Operations are organized into three teams, led by the
following:
- Nancy Tower, President and CEO, Tampa Electric
- T.J. Szelistowski, President, Peoples Gas
- Sarah MacDonald, President, TECO Services Inc.
Tower and Szelistowski report into the Tampa Electric board, and
MacDonald reports into the TECO Services board; both boards are chaired
by Balfour.
Bio: Nancy Tower
Tower will assume the role of President and CEO of Tampa Electric on
Dec. 1. In her previous role as Chief Development Officer for Emera, she
focused on mergers and acquisitions and the advancement of strategic
growth projects in the areas of electric and gas transmission and
generation. Tower played a lead role in the deal that brought TECO
Energy into the Emera group of companies.
From May 2011 to April 2014, Tower was the CEO of Emera Newfoundland and
Labrador. In April 2014, the Maritime Link project received approval.
The Maritime Link is a CAD $1.6 billion project that will connect the
island of Newfoundland to the North American energy grid for the first
time in history via 170 km of high voltage direct current subsea cables
under the Cabot Strait. Tower remains an active member of the Emera
Newfoundland and Labrador board of directors.
Tower held the position of Chief Financial Officer of Emera Inc. from
2005 to 2011 and was responsible for overseeing all the financial
activities of Emera including external reporting, business development,
financial operations, risk management and relationships with equity and
debt markets. With Emera since 1997, she has held senior positions in
corporate finance and in operations including Controller and Vice
President of Customer Operations with Nova Scotia Power. In this role,
Tower led a team of over 1,000 employees who operate and maintain Nova
Scotia's electricity delivery system.
Tower is a Fellow Chartered Accountant and a 2011 recipient of Canada's
Most Powerful Women: Top 100 Award.
A leader in her community, Tower currently serves on the board of United
Way Halifax and is Chair of its Strategic Fundraising Cabinet. She also
serves on the Advisory Council of the Dalhousie University Corporate
Residency MBA Program, as well as the Dalhousie University Faculty of
Management Advisory Board. She most recently served as the 2014/2015
Campaign Co-Chair, United Way Halifax Region and is a past member of the
board of directors of the Atlantic Institute for Market Studies (AIMS),
the board of directors of Nova Scotia Business Inc., the board of
trustees of the QEII Foundation, and the board of directors of CAA
Atlantic. Tower is also the former chair of the Nova Scotia Institute of
Chartered Accountants. She is a graduate of Dalhousie University.
About Tampa Electric
Tampa
Electric, one of Florida’s largest investor-owned electric
utilities, serves about 750,000 customers in West Central Florida. Tampa
Electric is a subsidiary of Emera Inc., a geographically diverse energy
and services company headquartered in Halifax, Nova Scotia, Canada.
About Emera
Emera Inc. is a geographically diverse energy and services company
headquartered in Halifax, Nova Scotia with approximately CAD$29 billion
in assets and 2016 revenues of more than CAD$4 billion. The company
invests in electricity generation, transmission and distribution, gas
transmission and distribution, and utility energy services with a
strategic focus on transformation from high carbon to low carbon energy
sources. Emera has investments throughout 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. 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
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Emera
Kathy Purcell, 902.221.1148
or
Tampa Electric
Cherie
Jacobs, 813.228.4945
Source: Emera Inc.