New President and Chief Executive Officer appointed to lead Manitoba Hydro

On November 1, the chair of the Manitoba Hydro-Electric Board, Marina R. James announced the appointment of Jay Grewal as the new President and CEO of Manitoba Hydro, effective February 4, 2019.

Grewal will succeed current President and CEO Kelvin Shepherd, who is retiring.

"The board is very pleased to appoint Jay as the first female President and CEO of Manitoba Hydro," said James.

"Jay is a proven leader with extensive senior leadership experience in the utility, resource and consulting sectors. Her background spans both the private and public sectors and she will join Manitoba Hydro from Northwest Territories Power Corporation where she is President and Chief Executive Officer. Before then she held senior executive roles with Capstone Mining Corp, Accenture Inc., BC Hydro and CIBC World Markets".

Grewal holds both a B.A (Honours) from the University of British Columbia as well as an M.B.A. in Finance, Richard Ivey School of Business, University of Western Ontario.

Her appointment follows an extensive national search conducted by the Manitoba Hydro-Electric Board, James added.

"I am excited about this opportunity to join a great company like Manitoba Hydro and my husband and I are looking forward to moving to Winnipeg and becoming part of the local community," said Grewal when asked about her feelings on taking over one of Canada's largest vertically-integrated electric and natural gas utilities.

Shepherd, who was initially set to retire on November 16, has agreed to stay on as President and CEO until February 1, 2019 in order to provide continuing leadership to the utility and assist in an orderly transition.

"On behalf of the entire board of directors, I would like to thank Kelvin for his leadership of Manitoba Hydro over the past three years, and for agreeing to extend his retirement date to assist with the transition," James said.