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Jun 24, 2019

Hydro One chairman Tom Woods stepping down July 31

Hydro One Chair Tom Woods to step down at end of July

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TORONTO - Hydro One Ltd. (H.TO) says chairman Tom Woods is stepping down from its board of directors at the end of July.

Woods was among the 10 new directors named last year as replacements after for the company's previous board resigned amid pressure from Ontario's Progressive Conservative government.

The former CIBC executive helped lead Hydro One through several key milestones including the hiring of Mark Poweska as chief executive.

Woods says he is leaving with a sense of accomplishment knowing that the CEO and the board are now ready for the next steps in defining how they will serve the interests its of customers.

Hydro One is Ontario's largest electricity transmission and distribution provider with almost 1.4 million customers.