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CALGARY - Enbridge Inc. (TSX:ENB) (NYSE:ENB), a $108 billion energy infrastructure giant trading near its 52-week high of $50.54, announced on Thursday key executive leadership changes that will take effect January 1, 2026, including the planned retirement of a senior leader and two new appointments. According to InvestingPro analysis, the company has demonstrated strong financial health with consistent dividend payments for 53 consecutive years.
Cynthia Hansen, Executive Vice President and President of Gas Transmission, will transition to a Special Advisor to the CEO role beginning January 1, 2026, ahead of her planned retirement on January 1, 2027.
Matthew Akman, currently Executive Vice President of Corporate Strategy and President of Power, will succeed Hansen as Executive Vice President and President of Gas Transmission. Akman will relocate from Toronto to Houston for the new position.
Additionally, Allen Capps, currently Senior Vice President of Commercial for Gas Transmission and Marketing, has been appointed Senior Vice President of Strategy and President of Power, taking over Akman’s current responsibilities.
"Matthew’s appointment to Executive Vice President and President, Gas Transmission and Allen’s appointment to Senior Vice President Strategy and President, Power illustrates our ongoing emphasis on developing our people," said Greg Ebel, President and CEO of Enbridge, in the press release statement.
Enbridge, headquartered in Calgary, Alberta, operates North American natural gas, oil and renewable power networks, along with a European offshore wind portfolio. The company’s common shares trade on the Toronto and New York stock exchanges under the symbol ENB. With a track record of 22 consecutive years of dividend increases and strong momentum in recent months, detailed analysis of Enbridge’s performance metrics and growth potential is available through InvestingPro’s comprehensive research reports.
In other recent news, Enbridge Inc. reported impressive second-quarter results for 2025, surpassing earnings expectations. The company achieved an earnings per share (EPS) of $0.65, compared to the forecasted $0.58, resulting in a 12.07% surprise. Revenue also exceeded predictions, reaching $9.7 billion against an anticipated $9.6 billion. Additionally, Argus has raised its price target for Enbridge to $54, up from $50, while maintaining a Buy rating. The research firm highlighted Enbridge’s minimal commodity and volume exposure, diverse pipeline assets, and expanding utility business as key factors for its positive outlook. These developments indicate a strong performance and potential growth for the company in the current energy environment.
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