Hydro One board, CEO Mayo Schmidt step aside, bow to pressure from Ontario Premier Doug Ford
The entire board of Hydro One Ltd. is resigning and chief executive officer Mayo Schmidt has announced his immediate retirement, succumbing to pressure from Ontario Premier Doug Ford for new leadership at the electrical utility. Mr. Schmidt became a repeated target for Mr. Ford during the Ontario election campaign as the Progressive Conservative Leader courted an electorate unhappy with expensive electricity.
Name: Mayo Schmidt
Country: Canada
Company: Hydro One Ltd.
Position: CEO
Reason: Retired
Announcement Date: July 10, 2018, 10:00pm
Resignation Date: July 10, 2018, 10:00pm