Nalcor CEO Announces Organizational Changes

June 15th, 2016

Stan Marshall, CEO, Nalcor Energy, today announced changes to the company’s executive structure.

“Since taking on the role of CEO of Nalcor Energy, I’ve been assessing the company’s operations and existing executive structure and feel changes are required to put greater emphasis on our company’s priorities,” said Marshall. “These priorities are to ensure successful completion of the Muskrat Falls Project; to prepare the provincial electricity system for integration of Muskrat Falls power; to have clear separation and focus on our regulated business (Newfoundland and Labrador Hydro) from the remaining unregulated business operations while continuing its commitment to providing safe, reliable electricity to our customers.”

Nalcor’s regulated utility, Newfoundland and Labrador Hydro (Hydro), will become a separate business unit to ensure a distinct separation from unregulated activities. Effective June 28, Jim Haynes will return, on a contractual basis, to take on the role of President, Newfoundland and Labrador Hydro. Mr. Haynes retired from Hydro in April 2013 as the executive responsible for Hydro after 35 years of dedicated service with the company. His experience and expertise will be invaluable as Hydro continues to work to provide safe, reliable, cost-effective electricity service to the people of this province.

The Muskrat Falls Project will be divided into two separate components – Power Supply and Power Development. Power Supply will encompass all transmission related activities for the project including the transmission line from Churchill Falls to Muskrat Falls, the Strait of Belle Isle marine cable crossing, the Labrador-Island Transmission Link and associated electrical infrastructure. Power Development will encompass the completion of the hydroelectric generating facility at Muskrat Falls including the powerhouse and spillway components.

Gilbert Bennett, current Vice President of the Lower Churchill Project, will become Executive Vice President, Power Development, focusing solely on the development and completion of the generation components of the Muskrat Falls Project in Labrador.

John MacIsaac, current President of Newfoundland and Labrador Hydro, will assume the position of Executive Vice President, Power Supply with priority focus on the completion and commissioning of the Labrador Transmission Assets, the Strait of Belle Isle marine cable crossing, and the Labrador-Island Transmission Link. Mr. MacIsaac also has responsibility for the integration of Muskrat Falls to the current electricity system and is executive lead for the Churchill Falls operation.

Derrick Sturge will continue in his role as Chief Financial Officer as he becomes Executive Vice President, Finance. Mr. Sturge will strengthen financial oversight of the Muskrat Falls Project while continuing to manage the financial operations of Nalcor’s unregulated operations.

The remaining lines of business are encompassed under Corporate Services and Offshore Development resulting in five executive vice presidents reporting into the President and CEO.

Jim Keating, currently Vice President of Nalcor’s Oil and Gas line of business, becomes Executive Vice President of Corporate Services and Offshore Development. Mr. Keating will remain responsible for Nalcor’s Oil and Gas business while becoming the executive lead for Bull Arm Fabrication, Energy Marketing, and the company’s corporate services, including Human Resources, Safety and Environment, General Counsel as well as Corporate Communications and Shareholder Relations.

All other existing Vice Presidents continue in their current capacity and as part of the leadership team reporting to one of the executive vice presidents or in the case of Hydro, to the President.

“I’m confident these changes will clearly focus the company’s attention on our areas of key risk and allow us to deliver on our commitment to provide safe, reliable, cost-effective electricity service to the people of this province,” added Marshall.

Stan Marshall will be available to discuss these changes with the media today at 2:00 p.m. in the Main Lobby, Hydro Place, 500 Columbus Drive.

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Media Contact:
Deanne Fisher
Corporate Communications and Stakeholder Engagement
t: 709.733.5299
c: 709.697.3418
e: deannefisher@nalcorenergy.com


Executive Biographies

Jim Haynes
President, NL Hydro

Jim Haynes was named President of Newfoundland and Labrador Hydro(Hydro) in June 2016, where he is responsible for ensuring electricity is delivered throughout Newfoundland and Labrador using safe, reliable and cost-effective practices.

Jim began his career with Hydro in 1977. He previously held the position of Vice President, Regulated Operations as well as Vice President, Production. Throughout his lengthy career he also held a variety of other positions throughout the corporation including Manager of Transmission Planning and General Manager, Churchill Falls.

Jim is a member of the Professional Engineers and Geoscientists of Newfoundland and Labrador, the Institute of Electrical and Electronic Engineers and the Canadian Electrical Association’s Generation Council. A graduate of Memorial University of Newfoundland, Jim completed a Bachelor of Electrical Engineering.

Gilbert Bennett
Executive Vice President, Power Development, Nalcor Energy

Gilbert Bennett joined Nalcor in May 2005 as Vice President, Lower Churchill Project. In his role as Executive Vice President, Power Development, Gilbert is responsible for the development and completion of the 824 megawatt Muskrat Falls hydroelectric facility in Labrador.

Gilbert is a former Vice President of 360networks Canada, and has served in a number of senior engineering and operations roles in the telecommunications sector. He has a Bachelor of Engineering (Electrical) degree from Memorial University of Newfoundland, is a member of the Professional Engineers and Geoscientists of NL, and serves on the Board of Directors of the Canadian Hydropower Association. Gilbert is a fellow of the Canadian Academy of Engineering.

John MacIssac
Executive Vice President, Power Supply, Nalcor Energy

John MacIsaac was appointed Executive Vice President, Power Supply in June 2016, where he is responsible for all transmission elements of the Muskrat Falls Project including the Labrador Transmission Assets, the Strait of Belle Isle marine cable crossing and the Labrador-Island Transmission Link from Muskrat Falls to Soldiers Pond as well as the project’s future integration into the Hydro system. John is also the executive lead for Churchill Falls operations.

Previous to this appointment, John was President of Newfoundland and Labrador Hydro. He joined Nalcor Energy in October 2010 as the Vice President of Asset Management, Project Execution and Engineering Services (PETS), and shortly thereafter took the executive lead for Nalcor’s Churchill Falls operations.

John has over 20 years of leadership experience in the areas of Asset Management, Engineering Services and Project Management. Prior to joining Nalcor, he managed cross-functional international assignments within two multinational manufacturing organizations. A graduate of the University of New Brunswick (Bachelor of Engineering, Mechanical), John recently became a registered member of the Association of Professional Engineers and Geoscientists of Newfoundland and Labrador.

Derrick Sturge
Executive Vice President, Finance and Chief Financial Officer, Nalcor Energy

Derrick Sturge joined the company in March 2006 as Vice President, Finance and Chief Financial Officer. In his current role, Derrick continues to manage the financial operations of Nalcor’s unregulated operations.

Prior to joining the company, Derrick held the position of Director, CFO and Governance Services with Deloitte, where he had national responsibility for developing the firm’s corporate governance practice. Derrick has extensive experience in senior leadership positions as Vice President, Finance and Corporate Secretary at CHC Helicopter Corporation and as Chief Financial Officer at Voisey’s Bay Nickel Company.

His experience is complemented by a MBA from the University of Durham in the United Kingdom and a Bachelor of Commerce from Memorial University. Derrick is also a Chartered Accountant and Certified Management Accountant.

Jim Keating
Executive Vice President, Corporate Services and Offshore Development

In his role as Executive Vice President, Corporate Services and Offshore Development, Jim is responsible for the development of the province’s offshore oil and gas resources and is the executive lead for Bull Arm Fabrication, Energy Marketing, and the company’s corporate services including Human Resources, General Counsel as well as Corporate Communications and Shareholder Relations.

Jim was appointed to the position of Vice President, Nalcor Energy – Oil and Gas in 2009 where he leads growth opportunities for Newfoundland and Labrador’s energy corporation. He is an executive sponsor of Nalcor’s Diversity & Inclusion Strategy and is a member of the company’s Diversity Council. Prior to assuming his current role, Jim was Newfoundland and Labrador Hydro’s Vice President of Business Development.

Before joining Newfoundland and Labrador Hydro, Jim led the development and operation of oil and gas projects in Canada for a major international oil and gas company – including joint venture investments and long-term growth initiatives. His past experience also includes leadership roles in business development and negotiation, field development, project controls and strategic planning.

Jim holds a bachelor’s degree in civil engineering and a master’s degree in business administration from Memorial University. He is a registered member of the Association of Professional Engineers and Geoscientists of Newfoundland.

Nalcor Vice Presidents

Rob Henderson
Vice President, Transition to Operations, Nalcor Energy

Rob Henderson is responsible for the implementation of Nalcor’s long-term model for electricity operations following the in-service of Muskrat Falls and the integration of Muskrat Falls, the Maritime Link, and the Labrador-Island Transmission Link into the Newfoundland and Labrador electrical system and the North American electricity grid.

Previously, Rob was Vice-President, Newfoundland and Labrador Hydro, and Manager of System Operations and Integration Support, Newfoundland and Labrador Hydro. For over 17 years, he led Hydro’s team responsible for operation of the provincial interconnected power system; he also led the customer services function within Hydro from 2006 to 2011.

Rob joined Hydro over 30 years ago and has retained a deep knowledge of Hydro’s operations and the province’s electricity system, as well as a wealth of history and background relating to Churchill Falls, Gull Island, and the North American electricity system.

Rob is a graduate of Memorial University (Bachelor of Engineering Degree, Electrical). He is a member of the Association of Professional Engineers and Geoscientists of Newfoundland and Labrador, the Canadian Electricity Association Generation Council, and the Institute of Electrical and Electronics Engineers.

Chris Kieley
Vice President, Strategic Planning and Business Development, Nalcor Energy

Chris Kieley joined Nalcor in December 2008 as Vice President of Strategic Planning and Business Development. Chris plays a pivotal role in leading new business development opportunities for Nalcor. He provides leadership for the company for long-term strategic planning, corporate planning and reporting and business development opportunities.

Previously, Chris served as the Deputy Minister of Natural Resources where he was instrumental in many of Nalcor’s key projects and gained extensive knowledge and understanding of the company’s operations.

Mike Roberts
Vice President, Human Resources and Organizational Effectiveness, Nalcor Energy

Mike Roberts assumed the role of Vice-President, Human Resources and Organizational Effectiveness in 2014 on an acting basis and was appointed on a permanent basis in November 2015. He is responsible for Nalcor’s Safety, Environment, Human Resources and Labour Relations portfolios as well as organizational effectiveness.

Mike joined Nalcor in 2007 where he was responsible for providing leadership in all areas of Human Resources. In 2010, he assumed additional accountability for Labour Relations and since that time has shepherded Nalcor through three rounds of collective bargaining and the finalization of five collective agreements

Mike is a former Director of Human Resources and Operations in the private sector in both the information technology and contact center industries where he lead transformation change, played key roles in mergers and acquisitions, and provided customer service to Fortune 500 companies.

He is a graduate of Memorial University’s Faculty of Business with both Commerce (Co-op) and Master’s degrees in Business Administration. He has also received accreditation from Queen’s University in the area of Labour Relations and is a graduate of the Leadership Program at the Ivey School of Business at Western University.