Greg Ebel, currently Spectra Energy CFO, has been selected to succeed Fred Fowler as president and CEO when Fowler retires at the end of the year. Ebel also was elected to the board of directors. “Some time ago, Fred advised the board of his intention to retire at the end of this year,” said Spectra Chairman Paul Anderson. “We are announcing his successor at this time to allow for a smooth transition and to allow Greg the opportunity to develop the company’s 2009 budget and underlying strategy for 2009 and beyond that he will be responsible for delivering. Fred will continue to be responsible for delivering the company’s 2008 commitments.” Fowler said he would set up an office of the CEO to include Ebel to coordinate the transition. Before becoming Spectra CFO, Ebel served as president of Union Gas Ltd., Spectra Energy’s Canadian natural gas distribution company. He previously was Duke Energy’s vice president of investor and shareholder relations from 2002 to 2005 and prior to that was managing director of mergers and acquisitions. From 1998 to 2002 Ebel was vice president of strategic development for Westcoast Energy. He also has worked at the World Bank in Washington, DC, and in the Canadian government.
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