Annual Shareholder Meeting

Timothy Hodgson

Timothy Hodgson is a corporate director. He currently serves as Chair of Hydro One Limited, Chair of Gildan Activewear and Chair of the Canadian Investment Regulatory Organization. Mr. Hodgson also serves on the board of Ontario Teachers’ Pension Plan, and the Property and Casualty Insurance Compensation Corporation. Mr. Hodgson was formerly a Managing Partner of Alignvest Management Corporation from 2012 until his retirement in August 2019. He was Special Advisor to Mr. Mark Carney, the then Governor of the Bank of Canada from 2010 to 2012. From 1990 to 2010, Mr. Hodgson held various positions in New York, London, Silicon Valley, and Toronto with Goldman Sachs and served as Chief Executive Officer of Goldman Sachs Canada from 2005 to 2010.

His prior board directorships include Dialogue Health Technologies, PSP Investments, Sagicor Financial Corporation, Sagicor Group Jamaica, MEG Energy, Alignvest Acquisition Corporation, Alignvest Acquisition II Corporation, The Global Risk Institute, KGS-Alpha Capital Markets, Next Canada, the Ivey School of Business and Bridgepoint Health.

Mr. Hodgson holds a Masters of Business Administration from The Ivey School of Business at Western University and a Bachelor of Commerce from the University of Manitoba. He is a Fellow of the Institute of Chartered Professional Accountants (FCPA) and holds his ICD.D.

David Lebeter

David Lebeter was appointed President and CEO of Hydro One Limited on February 1, 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 for successfully delivering capital investments.

Mr. Lebeter has 19 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.

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. He holds his ICD.D from the Institute of Corporate Directors.

Cassidy McFarlane

Cassidy McFarlane is the General Counsel at Hydro One, responsible for the law, corporate ethics and corporate secretary functions. Ms. McFarlane is an experienced and dedicated leader with a deep knowledge of the sector and Hydro One.

Having joined the company in 2001, Ms. McFarlane has over 20 years of experience at the company, and most recently held the role of Strategic Advisor to the President and CEO where she worked as a member of the executive leadership team to advance the strategy. Previously, she held the role of Assistant General Counsel responsible for securities law, pension law, and supporting the corporate finance team. In this role she was involved in many transformational changes in the company’s history, including the initial public offering of Hydro One in 2015.

Ms. McFarlane is a Board member of the Ontario Energy Network. She holds a BA in Political Science from McGill University and an LLB from Osgoode Hall Law School.