Enbridge outlines leadership changes and succession
Enbridge Inc. is planning leadership changes in its Gas Transmission & Midstream and Power businesses.
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Rhea-AI Filing Summary
Enbridge Inc. is planning leadership changes in its Gas Transmission & Midstream and Power businesses. Cynthia L. Hansen, currently Executive Vice President & President, Gas Transmission & Midstream, will become Special Advisor to the CEO on January 1, 2026, ahead of her retirement on January 10, 2027.
An amendment to Ms. Hansen’s June 3, 2022 employment agreement provides a lump sum within 60 days of retirement equal to one times the sum of her annual salary and the average of her short-term incentive awards from the prior two years. Effective January 1, 2026, Matthew A. Akman will assume the Gas Transmission & Midstream role, and Allen C. Capps will become Senior Vice President, Strategy & President, Power.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive leadership changes did Enbridge Inc. (EBBGF) announce in this report?
When is Enbridge executive Cynthia L. Hansen scheduled to retire?
How will Cynthia L. Hansen’s retirement payment from Enbridge (EBBGF) be calculated?
Who will lead Enbridge’s Gas Transmission & Midstream segment after January 1, 2026?
What new role will Allen C. Capps assume at Enbridge Inc. (EBBGF)?
Did Enbridge issue a news release about these executive appointments?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. |
On September 29, 2025, Cynthia L. Hansen, Executive Vice President & President, Gas Transmission & Midstream of Enbridge Inc. (“Enbridge”), was appointed Special Advisor to the Chief Executive Officer effective January 1, 2026 in connection with her retirement on January 10, 2027. In conjunction with the appointment, on September 29, 2025, Enbridge, Enbridge Employee Services, Inc. and Ms. Hansen entered into an amendment to the employment agreement dated June 3, 2022 to provide that, within 60 days of her retirement date, Ms. Hansen will be entitled to receive a lump sum payment equal to one times the sum of her (x) annual salary and (y) the average of the short-term incentive awards paid to Ms. Hansen in the immediately preceding two years. The foregoing summary does not purport to be complete and is subject to, and qualified in its entirety by, reference to the full text of the amendment, which will be filed with our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 and is incorporated by reference into this Item 5.02.
Also on September 29, 2025, Matthew A. Akman, Executive Vice President, Corporate Strategy & President, Power, was appointed Executive Vice President & President, Gas Transmission & Midstream, effective January 1, 2026, to succeed Ms. Hansen.
Lastly, on September 29, 2025, Allen C. Capps, Senior Vice President & Chief Commercial Officer, Gas Transmission & Midstream, was appointed Senior Vice President, Strategy & President, Power, effective January 1, 2026.
| Item 7.01. | Regulation FD Disclosure. |
On October 2, 2025, Enbridge issued a news release announcing the appointments described under Item 5.02, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information included in Item 7.01 of this Current Report on Form 8-K, including the attached Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit Number |
Description | |
| 99.1 | News Release of Enbridge Inc. dated October 2, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ENBRIDGE INC. (Registrant) | ||||||
| Date: October 3, 2025 | By: | /s/ David Taniguchi | ||||
David Taniguchi Vice President, Legal & Corporate Secretary (Duly Authorized Officer) | ||||||