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“On behalf of the Board, I would like to thank Al for his invaluable and bold leadership over the last decade as CEO, and throughout his 27 years with Enbridge,” said Ebel, who is currently the Board Chairman since 2017.
Monaco will also step down as a board member at the start of 2023, Enbridge said, adding that a new chairman will be named to take Ebel’s place.
“Under his leadership, Enbridge strategically expanded its liquids pipeline business into the U.S. gulf coast, executed the successful $37 billion merger with Spectra Energy (F:SEP), built out its crude oil and LNG export capabilities, and accelerated its renewable energy and low-carbon growth,” Ebel said.
