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Emera Inc
Symbol EMA
Shares Issued 302,973,298
Close 2026-04-29 C$ 71.99
Market Cap C$ 21,811,047,723
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Emera's Emera Energy president, COO Steele to retire

2026-04-30 12:35 ET - News Release

Mr. Scott Balfour reports

EMERA INC. ANNOUNCES LEADERSHIP TRANSITION AT EMERA ENERGY

Judy Steele, president and chief operating officer of Emera Inc.'s Emera Energy, will retire effective June 30, after 26 years with Emera.

Over her career with Emera, Ms. Steele held several senior leadership roles, including chief financial officer of Emera Inc., and spent the past 14 years leading Emera Energy. During her tenure, Emera Energy expanded its footprint across North America, increased its contribution to Emera's overall earnings, and built a strong, experienced team.

Karen Hutt will become chief executive officer of Emera Energy upon Ms. Steele's retirement, in addition to her current role as executive vice-president, corporate development, at Emera Inc. Ms. Hutt has held a number of senior leadership roles across Emera, including executive vice-president, commercial, at Emera Energy, and president and CEO of Nova Scotia Power. Drew Turner has been named chief operating officer of Emera Energy, leading the Emera Energy team, and reporting to Ms. Hutt. Mr. Turner has been with Emera Energy for 18 years in a broad series of commercial roles, most recently vice-president, commercial operations, where he was responsible for natural gas logistics and commercial power operations functions.

"We are grateful for Judy's leadership and the indelible mark she has left on Emera, with her strategic insight, financial discipline and commitment to building the skilled team at Emera Energy," said Scott Balfour, president and chief executive officer, Emera Inc. "Karen brings a breadth of leadership and energy market experience that will strongly support Drew and the team in the continued success and contributions of this important business."

"I'm proud of what our teams have built at Emera Energy and grateful for the opportunities I've had during my career at Emera," said Ms. Steele. "Emera Energy has a strong foundation, a talented team and I look forward to seeing its continued success."

"These appointments reflect Emera's focus on leadership continuity and internal succession," said Ms. Hutt. "Judy leaves Emera Energy with an excellent foundation, and I look forward to working with Drew and the team as we build on that legacy and continue to move the business forward."

About Emera Inc.

Emera is a leading North American provider of energy services headquartered in Halifax, N.S., with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. The company's team of 7,600 employees is committed to its purpose of energizing modern life and delivering a cleaner energy future for all. Emera's common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.

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