An ex-officer of the CIBC becomes the chairman of the board of Hydro One

Un ex-dirigeant de la Banque CIBC devient le président du conseil d’Hydro One

TORONTO — the former head of the CIBC, Tom Woods has been appointed permanent chairman of the board of directors of Hydro One announced on Friday that the electricity distributor in ontario.

Mr. Woods held the position in an acting capacity since August 14.

The board of administration of the public service, as well as its chief executive, resigned earlier this year, under the pressure of the progressive conservative government of Ontario.

Mr. Woods was one of 10 new directors appointed in August to replace the 14 members of the board of directors previous.

During his career at CIBC, Mr. Woods was chief financial officer, head of risk management and vice-president.

Hydro One has also announced the appointment of Chris Lopez to the position of interim chief financial officer.

Mr. Lopez was most recently the senior vice president of finance of public service.

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