Bruce Power President and CEO to Resign

Duncan Hawthorne, president and CEO, Bruce Power, will resign this year, with a new long-term framework secured for the site and a stable eight-unit operation.

The company will commence a search for a replacement and is in the process of selecting an external executive recruitment firm. While this activity is underway it will be business as usual at Bruce Power, delivering on the company’s role generating safe, reliable, clean and low-cost electricity for the people of Ontario.

“When Bruce Power was created in 2001 our vision was clear—return the site to its full eight-unit potential and establish a long-term structure where the performance of the facility and its employees dictated its future,” said Hawthorne.

“Together, through hard-work, dedication and innovation we have achieved this along with establishing a track-record of performance, proven leadership team and a strong reputation. This is the right time for me to transition from this role to allow a new president and CEO to be recruited and allow him or her the time to be in place before our next refurbishment in 2020.”

When Bruce Power was formed in 2001, Hawthorne promised employees and the surrounding communities that they would never be surprised and could always count on the company to be transparent with important developments.

Duncan Hawthorne, president and CEO, Bruce Power, will resign this year.

“The time I have spent at the Bruce Power site has been the highlight of my career and I believe I am making this decision at a time that is right for my own personal circumstances and for the company. Bruce Power has a strong and capable leadership team supported by a committed and talented employee group. Our performance is a clear demonstration of this and I have no doubt that the company will continue to grow and prosper under a new president and CEO.”

Don Wishart, chair of the Bruce Power board of directors, said: “Bruce Power has been transformed under the leadership of Duncan Hawthorne. The company now provides a stable, long-term source of electricity for Ontario families and businesses through its role in the Long Term Energy Plan. While Duncan’s presence will be missed, we have always known there would come a time when we would have to manage his succession. With this in mind, over many years, Bruce Power has built a robust organization with a long-term view, supported by a strong leadership team and a capacity within the organization that has proven to consistently deliver strong safety and operational performance.”

In 2015, Bruce Power achieved record output for the site providing over 30% of Ontario’s electricity at 30% below the average residential cost of electricity. This exceeded previous output records achieved in 1991, 2013 and 2014.

Bruce Power’s site in Tiverton, Ontario is home to eight CANDU reactors.

In 2012, Bruce Power returned the site to eight-units of operation for the first time in nearly two decades. The company announced in December 2015 that it had entered into an amended agreement with the Independent Electricity System Operator (IESO) to extend the life of the facility to 2064 through a multi-year life extension program. The first refurbishment as part of this life extension program is set to commence in 2020.

Bruce Power’s site in Tiverton, Ontario is home to eight CANDU reactors, each one capable of generating enough low-cost, reliable, safe and clean electricity to meet the annual needs of a city the size of Hamilton.