logo
  

Enbridge Appoints Vern Yu To Succeed Colin Gruending As EVP And CFO - Quick Facts

Energy infrastructure company Enbridge Inc. (ENB,ENB.TO) announced Wednesday the appointment of Vern Yu as Executive Vice President & Chief Financial Officer, to succeed Colin Gruending. Yu was previously Executive Vice President & President, Liquids Pipelines.

Yu will be accountable for all the Company's financial affairs including Budgeting, Financial Planning & Reporting, Treasury, Investor Relations, Tax, Risk, Insurance and Audit management functions as well as Sustained Business Optimization.

During his more than 25 year tenure with Enbridge, Vern has held executive roles in finance, strategic planning, corporate development, and renewable power as well as leading the business and market development activities for Liquids Pipelines.

The company also appointed Colin Gruending to succeed Yu as Executive Vice President & President of Liquids Pipelines. He will be responsible for all of Liquids Pipelines operations and business development.

Prior to this role, Gruending was Executive Vice President & Chief Financial Officer. During his more than 22 years with Enbridge, he has held several executive leadership roles in finance, investor relations, accounting, pension management, strategic planning, corporate development, and M&A.

Both the executive leadership changes are effective from October 1, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Merck & Co., Inc., known as MSD outside the U.S. and Canada, has recalled one lot of intravenous antibiotic Cubicin (daptomycin for injection) 500 mg for the potential presence of particulate matter identified as glass particles, the U.S. Food and Drug Administration or FDA said in a statement. The National Restaurant Association or NRA shot out a letter to the U.S. Conference of Mayors suggesting that expanded outdoor dining is the need of the hour for the restaurant industry to sustain the winter. The NRA also warned that thousands of restaurants without this facility could close down very soon. The U.S. Food and Drug Administration is investigating a multistate outbreak of Salmonella Oranienburg infections linked to whole, fresh onions. The outbreak has resulted in 652 illnesses in consumers across the U.S. to date. The traceback investigation has identified Hailey, Idaho -based ProSource Inc., also known as ProSource Produce, LLC, as a source.
Follow RTT