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Joe Oliver Appointed to the Board of Directors of the Independent Electricity System Operator (IESO)

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Joe Oliver Appointed to the Board of Directors of the Independent Electricity System Operator (IESO)

QUEEN'S PARK — The Minister of Energy, Northern Development and Mines Greg Rickford is pleased to announce the appointment of Joe Oliver as a member of the Independent Electricity System Operator (IESO) Board of Directors.

"Joe has shown an unwavering commitment to public service and has enjoyed a distinguished career in financial services," said Minister Greg Rickford. "I am confident that he will provide excellent leadership and strategic thinking to support the management and supervision of the IESO's business and affairs. The IESO is the heart of Ontario's power system, ensuring there is enough power to keep the lights on, today and into the future and Joe will be a great addition to the team."

Mr. Oliver served as the federal Minister of Finance from 2014-2015 and federal Minister of Natural Resources from 2011-2014, and Member of Parliament for the riding of Eglinton-Lawrence from 2011-2015. He is a past president and CEO of Investment Dealers Association and former executive director of the Ontario Securities Commission. Mr. Oliver also held senior positions in investment banking operations at Merrill Lynch Royal Securities, Nesbitt Thomson and BMO Nesbitt. Mr. Oliver is currently the Chairman of the Board of Echelon Wealth Partners.

"We are pleased to have Mr. Oliver join the IESO's board of directors," said Peter Gregg, President and Chief Executive Officer, IESO. "His leadership and experience will be an asset to the IESO's decision-making in Ontario's dynamic energy sector. Mr. Oliver's knowledge and expertise will help us achieve our organizational goals and current priorities."

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