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People: Fortis Inc (FTS.TO)

FTS.TO on Toronto Stock Exchange

19 Jun 2019
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Welch, Joseph 

Mr. Joseph L. Welch is Non-independent Director of the Company. Mr. Welch serves as Chairman of the Board of ITC. He retired as President and Chief Executive Officer of ITC effective October 31, 2016 following its acquisition by Fortis. He began his career in the utility business in 1971, established ITCTransmission in Michigan as a stand-alone entity from its parent corporation in 2003, and subsequently led ITC’s growth into the largest independent electric transmission company in the United States. Mr. Welch graduated from the University of Kansas with a Bachelor of Science (Electrical Engineering). He is a licensed professional engineer in the state of Michigan. Mr. Welch has served as Chairman of the Board of ITC since 2008.

Basic Compensation

Total Annual Compensation, CAD 92,518
Restricted Stock Award, CAD 60,000
Long-Term Incentive Plans, CAD --
All Other, CAD 195,614
Fiscal Year Total, CAD 348,132

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --
Name Fiscal Year Total

Douglas Haughey


Barry Perry


Jocelyn Perry


Nora Duke


Phonse Delaney


James Reid

As Of  31 Dec 2017