Hydro One Appoints Torys LLP Senior Partner to Lead Legal Team

TORONTO, July 21, 2016 /CNW/ - Hydro One Inc. is pleased to announce the appointment of James (Jamie) Scarlett as Executive Vice President and Chief Legal Officer, Hydro One Inc., effective September 1, 2016.

Mr. Scarlett is currently a Senior Partner at Torys LLP. He joined Torys in March, 2000 and since that time has held a number of leadership roles at the firm, including head of Torys' Capital Markets Group, Mining Group and International Business Development strategy.  Jamie was also a member of the firm's Executive Committee from 2009-2015. Prior to joining Torys, Jamie was a partner at another major Canadian law firm where he began as an articling student in 1981 and became an associate in 1983 and a partner in 1988. While at the firm Jamie held leadership roles as head of its Corporate Group, Securities Group and as a member of its Board. Jamie was also seconded to the Ontario Securities Commission in 1987 and was appointed as the first Director of Capital markets in 1988, a position he held until his return to private law practice in 1990. 

"The appointment of Jamie Scarlett to Hydro One's executive team is central to our goal to transform Hydro One into a truly commercial enterprise; one focused on delivering value for customers and shareholders," said Mayo Schmidt, President and CEO, Hydro One Inc.  "Jamie is a trusted and experienced legal advisor who brings to Hydro One his proven track record across sectors and across borders as well as his deep knowledge of corporate finance, cross-border mergers and acquisitions and  corporate and securities law in general." 

"I am excited to join the Hydro One executive team at this pivotal and critical juncture in the Company's history," said Mr. Scarlett. "I look forward to working as part of Hydro One's leadership team and sharing my knowledge, experience and counsel to help shape and create opportunities for the Company, its shareholders, customers and employees."

Mr. Scarlett earned his law degree (J.D.) from the University of Toronto in 1981 and his Bachelor of Commerce Degree from the University of McGill in 1975. He is highly recognized in his profession having been consistently and repeatedly named to several prestigious lists and rankings including:  the Chambers & Partners' Chambers Canada—Leading lawyer in Ontario, corporate/commercial (2016); Legal Media Group/Euromoney's IFLR1000 The Guide to the World's Leading Financial Law Firms—Leading Canadian lawyer in corporate and M&A (2015-2016); Lexpert/American Lawyer's Guide to the Leading 500 Lawyers in Canada—Leading lawyer in corporate commercial law, corporate finance and securities, and in M&A (2008-2016); Law Business Research's Who's Who Legal—Capital markets (Debt and equity) (2015-2016); Chambers & Partners' Chambers Global: World's Leading Lawyers for Business, The Client's Guide—Leading lawyer in corporate/M&A (2008-2016); Best Lawyers' Best Lawyers in Canada—Leading lawyer in corporate, M&A and securities (2009-2016), The Legal 500 Canada—Leading lawyer in corporate and M&A (2014-2016); and, Law Business Research's Who's Who Legal: Canada – Leading lawyer in capital markets (2010-2016).

About the Company:

Hydro One Limited (TSX: H) Hydro One is Ontario's largest electricity transmission and distribution company headquartered in Toronto, Ontario with approximately $24 billion in assets and 2015 revenues of over $6.5 billion. Hydro One delivers electricity safely and reliably to over 1.3 million customers across the province of Ontario, and to large industrial customers and municipal utilities. Hydro One owns and operates Ontario's approximately 29,000 circuit km high-voltage transmission network and an approximately 123,000 circuit km primary low-voltage local distribution network. For more information about Hydro One, visit www.HydroOne.com

SOURCE Hydro One Limited

Investors: Bruce M. Mann, Investor Relations, [email protected], 416-345-5722; Media: Daffyd Roderick, Corporate Communications, [email protected], 416-345-6868