Enbridge appoints new Chief Financial Officer

Enbridge Inc. has announced that John Whelen will become the new Executive Vice President and Chief Financial Officer, effective 15 October 2014. J. Richard Bird will remain Executive Vice President, Corporate Development until his retirement on 31 December 2014.

As Chief Financial Officer, Whelen will assume executive responsibility for the company's finance and accounting functions, including financial reporting, treasury and corporate finance, tax, investor relations, risk management as well as finance system and process transformation.

Whelen has held roles of increasing responsibility over 22 years at Enbridge, including executive positions in treasury, risk management, corporate planning and development, and financial reporting. He served most recently as Senior Vice President, Finance and Senior Vice President, Corporate Development. He also served as the Chief Financial Officer and then as President of the Enbridge Income Fund, where he led the business through a period of significant growth. Whelen has extensive experience in capital markets and has been instrumental in securing billions of dollars in growth capital funding for Enbridge.

"John brings deep experience to the position of Chief Financial Officer, and we're pleased to have him assume this important role on our executive team," said Al Monaco, President and Chief Executive Officer, Enbridge Inc. "Our ability to fill this role internally confirms the effectiveness of our succession management and leadership development programme."

On 18 June 2014, Enbridge announced Bird's planned retirement by the end of 2014 and the split of his responsibilities into two separate roles of Chief Financial Officer and Chief Development Officer. Vern Yu was appointed Senior Vice President, Corporate Development; he will continue to report to Bird.

For two decades, Bird has been a key member of Enbridge's executive leadership team and an important contributor to the company's financial and operational success. Upon his retirement, he will remain on the boards of Enbridge Income Fund Holdings Inc., Enbridge Commercial Trust, Enbridge Energy Company, Inc. (the general partner of Enbridge Energy Partners, L.P.), Enbridge Energy Management, L.L.C., Gaz Métro and Noverco Inc. as an Enbridge nominee.

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldpipelines.com/business-news/14102014/enbridge-appoints-new-chief-financial-officer-901/