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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): January 12, 2022

 

 

ENBRIDGE INC

(Exact Name of Registrant as Specified in Charter)

 

Canada 001-15254 98-0377957

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

200, 425 - 1st Street S.W.

Calgary, Alberta, Canada T2P 3L8

(Address of Principal Executive Offices) (Zip Code)

 

1-403-231-3900

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Shares   ENB   New York Stock Exchange
6.375% Fixed-to-Floating Rate Subordinated Notes Series 2018-B due 2078   ENBA   New York Stock Exchange

 

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On January 12, 2022, William T. Yardley, Executive Vice President and President, Gas Transmission and Midstream of Enbridge Inc. (“Enbridge”), notified us of his intention to retire effective May 31, 2022. On January 18, 2022, Cynthia Hansen, Executive Vice President and President, Gas Distribution and Storage, was appointed Executive Vice President and President, Gas Transmission and Midstream effective March 1, 2022 to succeed William T. Yardley following which, Mr. Yardley will serve as Executive Vice President of Enbridge from March 1, 2022 until his retirement.

 

Enbridge issued a press release announcing the retirement of Mr. Yardley and certain other executive leadership changes, a copy of which is attached hereto as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits 

 

Exhibit
Number

  Description
99.1   News Release dated January 19, 2022
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

ENBRIDGE INC.

(Registrant)

     
Date: January 19, 2022 By: /s/ Karen K.L. Uehara
   

Karen K.L. Uehara

Vice President & Corporate Secretary

(Duly Authorized Officer)

 

 

 

Exhibit 99.1

 

Enbridge Announces Executive Leadership Changes

 

CALGARY, AB, January 19, 2022 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced the following executive leadership changes.

 

Bill Yardley, Executive Vice President and President, Gas Transmission and Midstream, has decided to retire on May 31, 2022. Al Monaco, President and CEO, said “Bill has led a top-notch gas transmission business, significantly expanded our franchises, and executed our LNG gas pipeline export strategy. Equally important, he’s advanced our mission to bring the gas business to the forefront of safety, reliability, and customer service. It’s been an honor to work alongside Bill; we’ve appreciated his principled leadership, collaborative style, and dedication to Enbridge and his team.”

 

Cynthia Hansen, Executive Vice President and President, Gas Distribution and Storage, has been appointed Executive Vice President and President, Gas Transmission and Midstream, to succeed Mr. Yardley, effective March 1, 2022. Ms. Hansen brings a wealth of experience in the natural gas industry and a long track record of accomplishments at Enbridge. Under Ms. Hansen’s leadership the utility has generated tremendous rate base growth, combined our two Ontario utility franchises, and advanced our low carbon energy strategies. Mr. Yardley will support the transition until his retirement. Ms. Hansen will move from Toronto to Houston.

 

Michele Harradence, Senior Vice President and Chief Operations Officer, Gas Transmission and Midstream and has been appointed Senior Vice President and President, Gas Distribution and Storage, to succeed Ms. Hansen effective March 1, 2022. Ms. Harradence brings 25 years of engineering, legal and business experience from across the energy value chain. She will report directly to the President and CEO and move from Houston to Toronto.

 

Vern Yu, Executive Vice President and Chief Financial Officer, has been assigned expanded accountability for Corporate Development and Energy Services and has been appointed Executive Vice President, Corporate Development and Chief Financial Officer, effective March 1, 2022. Mr. Yu is based in Calgary.

 

“These key appointments once again reinforce the effectiveness of our executive development and succession program at Enbridge and advancing internal talent,” said Monaco.

 

About Enbridge Inc.

 

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; Gas Distribution and Storage, which serves approximately 3.8 million retail customers in Ontario and Quebec; and Renewable Power Generation, which owns approximately 1,766 megawatts (net) in renewable power generation capacity in North America and Europe. The Company's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com.

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

Media

Toll Free: (888) 992-0997

Email: media@enbridge.com

 

Investment Community

Toll Free: (800) 481-2804

Email: investor.relations@enbridge.com