HALIFAX, Nova Scotia--(BUSINESS WIRE)--Jackie Sheppard, Chair of Emera Inc. (TSX:EMA), today announced the appointment of John Ramil to Emera’s Board of Directors. Mr. Ramil’s appointment will take effect September 1, 2016, after Emera’s acquisition of TECO Energy.
Mr. Ramil, who announced his retirement today as TECO Energy’s President and Chief Executive Officer effective August 31, 2016, is a well-known utility industry leader. A Tampa native, he has had an impressive 40-year career with TECO Energy and has been a significant leader in the Tampa Bay community. Mr. Ramil led a variety of areas in the company and became TECO Energy’s president in 2004 and chief executive officer in 2010.
During this period, Mr. Ramil played a key role in helping develop TECO’s brand for customer service and operational excellence as well as led its growth as a strong player in the capital markets.
“John brings significant business and utility sector experience to Emera’s board, as well as a deep understanding and involvement in the new communities Emera will be serving,” said Jackie Sheppard, Chair of Emera. “John’s range and depth of skills will be a great asset for Emera across all of our businesses.”
Mr. Ramil received his Bachelor of Science, Master of Science and honorary Doctorate degrees in Engineering from the University of South Florida (USF). In 1999, he was named USF's Distinguished Alumnus. He is the longest-serving member of the USF board of trustees and served as its chairman from 2010 to 2015.
Mr. Ramil serves on the boards of directors of the Moffitt Cancer Center Institute, GuideWell Mutual Holding Corp. and its subsidiary, Florida Blue, and he is chairman of the Audit and Compliance Committee for both. He will continue to serve on those boards after his retirement. He also serves on the board of the Edison Electric Institute, an industry association, and the Tampa Bay Partnership, which he will discontinue upon his retirement. He is a member of the Florida Council of 100. Previously he served as chairman of the Greater Tampa Chamber of Commerce and the Tampa Hillsborough Economic Development Corp.
In September 2015, Emera announced an agreement to merge with Tampa based TECO Energy. All conditions precedent to complete the transaction have been fulfilled other than the customary closing conditions. The transaction closing is expected to occur on or about July 1st, 2016.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $11.5 billion in assets and 2015 revenues of $2.79 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout northeastern North America, and in four Caribbean countries. Emera continues to target having 75-85% of its adjusted earnings come from rate-regulated businesses. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, and EMA.PR.F and instalment receipts are listed and trade under the symbol EMA.IR. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR. Additional Information can be accessed at www.emera.com or at www.sedar.com.
