Hydro One CEO Retires And Entire Board Resign

The $6 Million Dollar man is out and Premiere Ford calls it a great day for Ontario. Yesterday Ford announced the immediate retirement of the CEO of Hydro One and the resignation of its entire board of directors. By the way … that CEO is not getting his massive $10 million dollar severance. He is taking $400,000. Ford says the savings will help him fulfill another campaign promise, to lower hydro rates by 12%. A new 10-member board of directors for Hydro One will be selected by August 15th.

Photo credit: CBC.ca

Posted in All Stories, Annoucer Blogs, Gary Gamble Tagged with: , , ,

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