Toronto Hydro announces new Chief Financial Officer

TORONTO, Aug. 27, 2018 /CNW/ - Toronto Hydro Corporation has announced that effective today, Aida Cipolla, CPA, CA, has been named Chief Financial Officer (CFO). Ms. Cipolla replaces Sean Bovingdon, the former CFO who has left the Corporation. Ms. Cipolla is formerly the Corporation's Controller since December 2015.

QUICK FACTS

• Ms. Cipolla has over 15 years of progressive experience in financial reporting, financial systems and controls, and financial planning and analysis
• Ms. Cipolla started with Toronto Hydro in 2008 and has held various senior leadership roles within the Finance division
• Ms. Cipolla is a Chartered Professional Accountant with the Chartered Professional Accountants of Ontario and the former Chair of the Canadian Electricity Association's Finance and Accounting Committee

QUOTES

"I am pleased to announce the promotion of Aida to the role of Chief Financial Officer. Aida's extensive experience within the energy sector and in the public accounting sector is an excellent foundation to lead Toronto Hydro's capable financial team. I have great confidence in Aida's ability to steward our company's strong financial performance today and into the future."

- Anthony Haines, President and CEO, Toronto Hydro

ABOUT TORONTO HYDRO

Toronto Hydro owns and operates an electricity distribution system, which delivers electricity to approximately 769,000 customers located in the city of Toronto. It is the largest municipal electricity distribution company in Canada and distributes approximately 19% of the electricity consumed in the province of Ontario.

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SOURCE Toronto Hydro Corporation