The Board of Directors approved the compensation arrangements for Michele Harradence, who will succeed Greg Ebel as President and Chief Executive Officer effective January 1, 2027. Ms. Harradence will receive a US$1,200,000 base salary, with target annual bonuses at 150% of base under the Short Term Incentive Plan and long-term incentives at 850% of base split among performance stock units, restricted stock units, and incentive stock options. She will also participate in a non-contributory defined benefit pension plan and receive temporary housing in Calgary. Greg Ebel will remain as an advisor through May 7, 2027, receiving pro rata salary and transition support. Enbridge Inc. operates in the energy infrastructure sector, owning and operating natural gas pipelines, liquids pipelines, and midstream assets across North America.
