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Fortis Inc
Symbol FTS
Shares Issued 215,335,482
Close 2014-07-23 C$ 32.88
Market Cap C$ 7,080,230,648
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Fortis's FortisBC appoints Mulcahy as president, CEO

2014-07-24 13:25 ET - News Release

Mr. Stan Marshall reports

FORTISBC ANNOUNCES APPOINTMENT OF MICHAEL MULCAHY AS NEW PRESIDENT AND CEO

Fortis Inc.'s FortisBC Inc.'s board of directors is appointing Michael Mulcahy as president and chief executive officer of FortisBC and FortisBC Energy Inc., effective Aug. 1, 2014.

"We are pleased to announce the promotion of Michael to president and CEO of FortisBC," said Stan Marshall, chair of the board of directors of FortisBC and chief executive officer, Fortis. "His vast experience from more than 20 years with the Fortis group of companies, and familiarity with our electric and gas businesses in B.C. [British Columbia], positions FortisBC to deliver quality customer service and a range of energy options to best meet customers' needs."

Mr. Mulcahy joined the Fortis group of companies in 1993. He began with Maritime Electric, and has also held executive positions at Fortis Properties, Newfoundland Power and FortisBC. Most recently at FortisBC, he was executive vice-president of human resources, and customer and corporate services. He is a former chair of the customer council of the Canadian Electricity Association.

He succeeds John Walker, who was recently appointed executive vice-president, Western Canadian operations, Fortis, effective Aug. 1, 2014. Mr. Walker, in his new role, assumes responsibility for FortisBC, FortisAlberta and non-regulated, energy-related operations, including the Waneta Expansion hydroelectric generation facility currently under construction in British Columbia.

"Michael's appointment and the additional Fortis Inc. focus on our Western Canadian operations provide continuity around the execution of FortisBC's strategic plan and growth opportunities," said Mr. Marshall.

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