Toronto Hydro announces interim Chief Financial Officer

TORONTO, Jan. 18, 2016 /CNW/ - Toronto Hydro Corporation announced today that Laura Foster, CPA, CA, has been named Interim Chief Financial Officer (CFO). Ms. Foster replaces Jean-Sebastien Couillard, the former CFO who has left the Corporation. Ms. Foster is formerly the Corporation's Controller and Director of Internal Audit.

QUICK FACTS

• Ms. Foster has 25 years of experience in financial reporting, internal audit and risk management
• Ms. Foster has worked with Toronto Hydro since 2012
• Ms. Foster is a Chartered Professional Accountant with the Chartered Professional Accountants of Ontario

QUOTES

"I am pleased that Laura has taken on the role of interim Chief Financial Officer. Laura's experience with our company and in the financial services industry will provide a smooth transition for Toronto Hydro's solid financial team. I have great confidence in Laura's ability to continue to oversee and steward our company's strong financial performance."

-       Anthony Haines, President and CEO, Toronto Hydro

ABOUT TORONTO HYDRO

Toronto Hydro owns and operates an electricity distribution system, which delivers electricity to approximately 752,000 customers located in the city of Toronto. It is the largest municipal electricity distribution company in Canada and distributes approximately 19% of the electricity consumed in the province of Ontario.

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SOURCE Toronto Hydro Corporation

Image with caption: "Toronto Hydro Corporation (CNW Group/Toronto Hydro Corporation)". Image available at: http://photos.newswire.ca/images/download/20160118_C3218_PHOTO_EN_600318.jpg

Tori Gass, Communications and Public Relations, 416-903-4037, [email protected]; 24-hours media line: 416-903-6845, [email protected]