Enbridge's Al Monaco to retire Jan. 1, board chair Greg Ebel named next CEO

CALGARY — Enbridge Inc. says chief executive Al Monaco will retire effective Jan. 1, 2023, and be replaced by Greg Ebel, currently the company's board chair.

Monaco was appointed chief executive of Enbridge in 2012.

Ebel has been chair at Enbridge since 2017 and before that was chair and chief executive of U.S. company Spectra Energy, which was acquired by Enbridge.

He says Monaco led Enbridge through a period of unprecedented growth.

Monaco will serve as an adviser to help Ebel through the transition until March 1, 2023.

Enbridge says a new independent board chair will be named before Ebel takes over the top job.

This report by The Canadian Press was first published Oct. 3, 2022.

Companies in this story: (TSX:ENB)

The Canadian Press