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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Emera Inc    EMA   CA2908761018

EMERA INC (EMA)
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Emera : Announces Board Appointment of Kent Harvey

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11/10/2017 | 06:59pm CEST

HALIFAX, Nova Scotia--(BUSINESS WIRE)-- Jackie Sheppard, Chair of Emera Inc. (TSX:EMA), today announced the appointment of Kent Harvey to Emera's Board of Directors. Mr. Harvey's appointment is effective November 10, 2017.

Mr. Harvey is an accomplished executive with more than 30 years of experience at PG&E Corporation, a Fortune 200 (#157) regulated electric and gas utility with a market capitalization of $34 billion and assets of $68 billion. After 33 years in progressively senior roles, he retired as Chief Financial Officer for PG&E Corporation in 2016.

'Kent is a leader in the energy industry in North America. He is a strategic thinker with strong US experience and financial depth. These will be great assets to Emera. I'm very pleased to welcome Kent to our board,' said Ms. Sheppard.

Born in Montreal, Kent is a naturalized U.S. citizen. He attended Stanford University and earned degrees in economics and engineering before joining PG&E in 1982. Throughout his career at PG&E, Kent was involved in all aspects of the company's diverse business portfolio. He served in many capacities including Director of Financial Analysis; Director of Investor Relations; Corporate Secretary; Vice President and Treasurer; Senior Vice President and Chief Financial Officer.

He has served as trustee of the American Conservatory Theater and director of the North Bay Leadership Council.

Emera's Board of Directors is focused on orderly succession planning which considers the company's scale, complexity and geographies in keeping with Board renewal principles adopted in 2016.

About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $28 billion in assets and 2016 revenues of more than $4 billion. The company invests in electricity generation, transmission and distribution, gas transmission and distribution, and utility energy services with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera continues to target achieving a minimum of 75% of its adjusted net income from rate-regulated businesses. Emera's common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, and EMA.PR.F. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR. Additional Information can be accessed at www.emera.com or at www.sedar.com.

View source version on businesswire.com : http://www.businesswire.com/news/home/20171110005584/en/

Emera Inc.
Kathy Purcell, 902-221-1148
kathy.purcell@emera.com

Source: Emera Inc.

Emera Inc. published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 17:58:03 UTC.

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Financials (CAD)
Sales 2018 6 580 M
EBIT 2018 1 377 M
Net income 2018 664 M
Debt 2018 15 798 M
Yield 2018 5,77%
P/E ratio 2018 13,42
P/E ratio 2019 14,31
EV / Sales 2018 3,82x
EV / Sales 2019 3,65x
Capitalization 9 363 M
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Mean consensus HOLD
Number of Analysts 15
Average target price 46,8  CAD
Spread / Average Target 16%
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Managers
NameTitle
Scott Carlyle Balfour President, Chief Executive Officer & Director
Mary Jacqueline Sheppard Chairman
Gregory W. Blunden Chief Financial Officer
Roman Coba Chief Information Officer
Allan L. Edgeworth Independent Director
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