The Manitoba Hydro-Electric Board (MHEB) has announced that Kelvin Shepherd will be stepping down as President and CEO and he will retire from the Crown Corporation on November 16, 2018.
Prior to joining the Manitoba Hydro team in 2015, Shepherd was the President of MTS Inc. from 2010-2015.
“It was a difficult personal decision for me to leave Manitoba Hydro,” said Shepherd. “I’m very proud of the team of hard-working people at the utility who I have been privileged to lead. Like any job, the position of CEO comes with the good and the bad that one must accept and manage.”
“I have enjoyed my time at Manitoba Hydro and have done my best to lead our company through both the challenges and opportunities we have faced, but I know in my heart that now is the right time to move on to a new stage in my life.”
Overseeing the completion of the Bipole Three Reliability Project was just one of many things Shepherd accomplished during his time with Manitoba Hydro.
He also oversaw the streamlining of the corporation by over 800 positions through Manitoba Hydro’s Voluntary Departure Program, which is expected to save the company over $90 million per year in operating costs.
“This has been a very satisfying career,” Shepherd said. “I have been fortunate to have interesting work with great companies. I have also made it a priority to give back to the communities I have worked in to help those less fortunate than myself through volunteer activities.”
“In retirement, I’m looking forward to a more relaxed pace, continuing my volunteer work, and spending more time with my wife Debbie.”
The search for a new President and CEO is already underway.
