“I am excited to lead this great company and a strong team as we continue to deliver on our strategy of focusing on reliability, safety, customers and Indigenous communities to build a stronger and more prosperous Ontario,” said Mr. Lebeter. “I look forward to further engaging our employees, customers, Indigenous communities, investors and industry partners as we energize life for all Ontarians.”
Mr. Lebeter’s appointment is effective February 1 and his transition will be supported by Interim President and CEO William (Bill) Sheffield.
“On behalf of the Hydro One Board of Directors and the entire Hydro One family, I want to thank Bill Sheffield for his outstanding leadership and for continuing to deliver on our strategy as the Board of Directors identified the right candidate to deliver a growing capital program and lead Hydro One into the future,” Mr. Hodgson added.
BIO: David Lebeter, Incoming President and CEO and Chief Operating Officer
David Lebeter was appointed President and CEO of Hydro One Limited in January 2023. Mr. Lebeter is a highly regarded leader with over 40 years’ experience in the utility and forestry sectors and a reputation for driving improved safety, employee engagement, productivity, customer centricity and successfully delivering capital investments.
Mr. Lebeter has 18 years of experience in all facets of the electricity sector and was most recently the Chief Operating Officer of Hydro One Networks Inc., a role he assumed in January 2020, with responsibility for transmission and distribution, including construction, maintenance, vegetation management as well as system operations, asset planning and engineering. Under Mr. Lebeter’s leadership, the company has improved safety, productivity, reliability and customer experience.
Before joining Hydro One, he held progressively senior positions in operations and safety at BC Hydro from 2005 to 2019, including leadership roles in generation, transmission, distribution and safety. During his tenure, he was responsible for improving safety, reliability, employee engagement and customer service, lowering costs and building trust with union leaders and Indigenous communities.
Mr. Lebeter spent 23 years in the forest industry prior to joining the utility sector, working in leadership positions responsible for operations.
He has previously served as an Executive Board Member for Smart Grid Northwest, as an Operations Board Member for Western Energy Institute, and as the Chairman of the Distribution Council with the Canadian Electricity Association. He holds his ICD.D from the Institute of Corporate Directors.
Mr. Lebeter holds a Bachelor’s degree in Forestry from the University of British Columbia, and is a registered professional forester. In addition, Mr. Lebeter holds an Executive Master of Business Administration from Simon Fraser University.
Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario’s largest electricity transmission and distribution provider with approximately 1.5 million valued customers, approximately $30.4 billion in assets as at December 31, 2021, and annual revenues in 2021 of approximately $7.2 billion.
Our team of approximately 9,300 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2021, Hydro One invested approximately $2.1 billion in its transmission and distribution networks, and supported the economy through buying approximately $1.7 billion of goods and services.
