People: Fortis Inc (FTS.TO)
19 Jun 2019
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.
|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|