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Emera Appoints Judy Steele, FCA, as Interim Chief Financial Officer

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  Published in Business and Finance on Tuesday, April 19th 2011 at 5:00 GMT by Market Wire
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HALIFAX, April 19 /CNW/ - (TSX: EMA): Chris Huskilson, President and Chief Executive Officer of Emera Inc., is pleased to announce that Judy Steele, FCA, has been appointed interim Chief Financial Officer of Emera, effective May 16, 2011. Ms. Steele is replacing Nancy Tower, FCA, who was recently appointed CEO for Emera Newfoundland and Labrador, and Executive Vice President of Business Development for Emera.

Ms. Steele is presently the Vice President of Finance for Emera Energy Inc., and a member of its Executive Team. Prior to joining Emera Energy, Ms. Steele worked in a variety of capacities across Emera's business including Investor and External Relations, Strategy Development, and Regulatory Affairs. She is a Chartered Accountant and before joining Emera, worked in the financial services industry for Ernst & Young, in both the accounting and auditing, and consulting practices. In 2005 she was awarded her profession's highest honour, the designation Fellow Chartered Accountant.

"Judy knows Emera's business thoroughly, and her experience and financial expertise is welcomed during this time," said Chris Huskilson. "Our search for a permanent CFO is in process, and we expect the transition to be seamless throughout this period."

Ms. Steele is a Director of Film Nova Scotia, a Crown Corporation of the Province of Nova Scotia; and a former Director of The Halifax Port Authority, and Chair of its Audit Committee. She is well known for her community leadership, which has included serving as Treasurer of the 2011 Canada Winter Games, and as National Chair of The Canadian Breast Cancer Foundation (the "Run for the Cure"). In 2003 she received the "CA of the Year Award" in recognition of her outstanding community leadership.

Forward Looking Information

This news release contains forward looking information. Actual future results may differ materially. Additional financial and operational information is filed electronically with various securities commissions in Canada through the System for Electronic Document Analysis and Retrieval (SEDAR).

About Emera

Emera Inc. is a growing energy and services company with $6.3 billion in assets and revenues of $1.6 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services. Emera's strategy is focused on the transformation of the electricity industry to cleaner generation and the delivery of that clean energy to market. Emera operates throughout northeastern North America, in three Caribbean countries and in California. More than 80% of the company's earnings come from regulated investments. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade under the symbols EMA and EMA.PR.A respectively. Additional information can be accessed at [ www.emera.com ] or [ www.sedar.com ].