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City Appoints New Chief Executive Officer

Web posted on July 24, 2014

Guelph, ON, July 23, 2014 The Board of Guelph Municipal Holdings Inc. (GMHI), the City of Guelph's municipal holding company, has appointed Barry Chuddy as its Chief Executive Officer. Mr. Chuddy formerly served as the CEO of Guelph Hydro Inc. He replaces Ann Pappert, the City of Guelph's Chief Administrative Officer, who has served as CEO of GMHI since its inception.

"We are thrilled that Barry Chuddy has accepted this new role. His extensive knowledge of the Guelph Hydro group of companies, his understanding of the City's aspirations for GHMI and the Community Energy Initiative, and his strong relationships with City staff will be great assets to the holding company," said Karen Farbridge, Guelph's Mayor and Chair of GMHI. "On behalf of the Board, I would like to thank Ann Pappert for her leadership in developing GMHI to where it is today."

Mr. Chuddy's leadership of GMHI comes as the holding company is responding to a number of exciting business opportunities and seeking to build value for the community. Next month, Guelph City Council will review a business case study and related materials supporting a proposal to amalgamate Guelph Hydro Inc., a holding company for Guelph's electrical utility, and GMHI.

Pankaj Sardana, who is currently Guelph Hydro Inc.'s Chief Financial Officer, has been appointed as interim Chief Executive Officer of Guelph Hydro Inc.


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