Woods Named Chair of Hydro One

CBJ — Former CIBC executive Tom Woods has been named the permanent chairman of Hydro One’s board of directors. He had been serving on an interim basis since August 14 when the former CEO Mayo Schmidt and the entire board resigned amid unrelenting pressure from Ontario’s Progressive Conservative government. Premier Ford made a campaign promise to get rid of the entire board — and it happened.

Woods was among the 10 new directors named in August as replacements for the company’s previous 14-member board.

During his career at CIBC, Woods served as chief financial officer, chief risk officer and vice chairman.

Hydro One also announced the appointment of Chris Lopez as acting chief financial officer. He was most recently the senior vice-president of finance at the electricity utility.