ST. JOHN’S, Newfoundland and Labrador, April 30, 2018 (GLOBE NEWSWIRE) -- Barry Perry, President and Chief Executive Officer,
Fortis Inc. (“Fortis” or the “Corporation”) (TSX:FTS) (NYSE:FTS) today announced the appointment of Jocelyn Perry as Executive Vice
President, Chief Financial Officer at Fortis effective June 1, 2018. Karl Smith, current Executive Vice President, Chief
Financial Officer, will retire May 31, 2018 after more than 30 years with Fortis.
“On behalf of our Board of Directors and colleagues at Fortis, I want to thank Karl for more than three
decades of dedication to Fortis,” said Barry Perry. “Karl has been a fantastic CFO with his guidance and advice contributing
immensely to our Corporation’s strong financial and operational performance. At various points in his career he ran our
Newfoundland and Alberta utilities. More recently he returned to Newfoundland from Alberta to take a second turn as Chief Financial
Officer where he led our financial team and strategies in the capital markets. We wish Karl all the best on his retirement.”
Jocelyn Perry has an extensive career in the utility business, having worked at Newfoundland Power for the past
13 years in a variety of capacities, including Chief Financial Officer, Chief Operating Officer and for the past year as
President and Chief Executive Officer. Jocelyn is a prior Director of Finance at Fortis in the early 2000s, and previously served
in other financial capacities in the private sector.
Jocelyn, a Fellow Chartered Professional Accountant (2018), completed a Bachelor of Commerce (Honours) at
Memorial University and received her Chartered Accountant Designation in the early 1990s. She has considerable community
and professional board and volunteer experience in Newfoundland and Labrador, including the Healthcare Foundation, C-CORE and
the Public Service Pension Plan Corporation.
“We welcome Jocelyn in her new role as Executive Vice President, Chief Financial Officer for Fortis,” said Barry
Perry. “Jocelyn’s intuition and judgment have served the Corporation well for close to two decades. I’m confident that
she will provide strong leadership of the finance function as we focus on our growth strategy, shareholder returns and customer
satisfaction.”
Mr. Perry also congratulated Peter Alteen on his appointment as Interim President and Chief Executive
Officer of Newfoundland Power effective June 1, 2018.
About Fortis
Fortis is a leader in the North American regulated electric and gas utility industry with 2017 revenue of
C$8.3 billion and total assets of approximately C$48 billion. The Corporation’s 8,500 employees serve utility customers in five
Canadian provinces, nine U.S. states and three Caribbean countries.
Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be
accessed at www.fortisinc.com, www.sedar.com, or www.sec.gov.
For more information please contact:
Investor Enquiries
Ms. Stephanie Amaimo
Vice President, Investor Relations
Fortis Inc.
709.737.2900
investorrelations@fortisinc.com |
Media Enquiries
Ms. Karen McCarthy
Director, Communications & Corporate Affairs
Fortis Inc.
709.737.5323
media@fortisinc.com |