Hydro One Limited's (Hydro One) Board of Directors announced the appointment of David Lebeter as the company's new CEO. Mr. Lebeter is a highly regarded leader with deep industry experience, strong people leadership skills and proven results in improving safety, productivity, operational performance and customer experience. With more than 40 years of experience in the utility and forestry sectors, he currently serves as the company's Chief Operating Officer with responsibility for transmission and distribution including construction, maintenance, vegetation management as well as system operations, asset planning and engineering.

He is also responsible for Hydro One Remote Communities Inc., which serves remote communities in Ontario's far north. Before joining Hydro One, he held executive positions in safety and operations at BC Hydro and in the forest industry. During his time at Hydro One, Mr. Lebeter has earned a reputation as a relationship builder who delivers results and as a strong advocate for safety, employee engagement and customer centricity.

Mr. Lebeter's appointment is effective February 1 and his transition will be supported by Interim President and CEO William (Bill) Sheffield. David Lebeter, Incoming CEO. David Lebeter was appointed President and CEO of Hydro One Limited in January 2023.

Mr. Lebeter is a highly regarded leader with over 40 years' experience in the utility and forestry sectors and a reputation for driving improved safety, employee engagement, productivity, customer centricity and successfully delivering capital investments. Mr. Lebeter has 18 years of experience in all facets of the electricity sector and was most recently the Chief Operating Officer of Hydro One Networks Inc., a role he assumed in January 2020, with responsibility for transmission and distribution, including construction, maintenance, vegetation management as well as system operations, asset planning and engineering. Under Mr. Lebeter's leadership, the company has improved safety, productivity, reliability and customer experience.

Before joining Hydro One, he held progressively senior positions in operations and safety at BC Hydro from 2005 to 2019, including leadership roles in generation, transmission, distribution and safety. During his tenure, he was responsible for improving safety, reliability, employee engagement and customer service, lowering costs and building trust with union leaders and Indigenous communities. Mr. Lebeter spent 23 years in the forest industry prior to joining the utility sector, working in leadership positions responsible for operations.

He has previously served as an Executive Board Member for Smart Grid Northwest, as an Operations Board Member for Western Energy Institute, and as the Chairman of the Distribution Council with the Canadian Electricity Association. He holds his ICD.D from the Institute of Corporate Directors. Mr. Lebeter holds a Bachelor's degree in Forestry from the University of British Columbia, and is a registered professional forester.

In addition, Mr. Lebeter holds an Executive Master of Business Administration from Simon Fraser University.