Interim Leader Named as Open and Competitive
Search Begins
TORONTO, July 5, 2024
/CNW/ - CEO of the Financial Services Regulator of
Ontario (FSRA), Mark
White, has been confirmed as Chair of the Ontario Energy Board
and will be stepping down effective Tuesday, July 16,
2024. Mr. White's nomination was announced by the
Minister of Energy, Todd Smith, on May 3rd and
was confirmed by the Standing Committee on Government
Agencies on May 30th.
Taking over as interim CEO will be Stephen Power. Mr. Power is the
Executive Vice President of Corporate Services at
FSRA and is responsible for leading finance, risk
management, human resources, information technology,
facilities planning, and project management. He
will assume the interim CEO
role while FSRA undertakes an open and
competitive search for a permanent successor.
In addition, the term of the Chair of the FSRA Board of
Directors, Joanne De Laurentiis, has been extended for one
year providing continuity to the organization through this
transition period. The Board and the executive team are
committed to maintaining FSRA's momentum and ensuring
that operations continue to move forward
uninterrupted.
"Stephen will be supported by a strong executive team with a
depth of industry and leadership experience as well as a staff with
immense strength and expertise," said Ms. De Laurentiis.
On behalf of the FSRA Board, Ms. De
Laurentiis offers her congratulations to Mr.
White on his appointment and thanks him for his
vision, integrity, and determination in leading FSRA from its
launch in 2019 to where it is today, a regulator that continually
delivers on its mandate with a principles-based and outcomes
lens.
Learn More
FSRA continues to work on behalf of all stakeholders, including
consumers, to ensure financial safety, fairness, and choice for
everyone. Learn more at www.fsrao.ca.
Links
Ministry of Energy and Electrification News Release
FOR MEDIA INQUIRIES:
Russ Courtney
Sr. Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: russ.courtney@fsrao.ca
SOURCE Financial Services Regulatory Authority of Ontario