The ENMAX Board of Directors has reported today that compensation set for the interim President and CEO Mr. Charles Ruigrok is equivalent to $1.2 million per year. Mr. Ruigrok has agreed to a six-month contract subject to an extension if necessary and can be terminated on 30 days notice by either party.
Mr. Ruigrok will not receive his ENMAX Board of Directors compensation and is not eligible for company benefits or bonuses.
ENMAX Corporation, through subsidiaries and predecessors, has provided Albertans with safe and reliable electricity for more than 100 years. ENMAX Corporation provides electricity, natural gas and value-added services to more than 660,000 residential, commercial and industrial metered customer locations in Alberta. ENMAX Energy Corporation, a subsidiary of ENMAX Corporation, is Alberta’s leading competitive electricity retailer. Through subsidiaries, ENMAX Energy is one of Alberta’s largest investors in renewable energy and was the first Canadian electricity retailer to offer customers the option to support wind generated energy. As well, ENMAX Corporation, through its subsidiary ENMAX Envision Inc., provides fibre optic networks for high speed data and internet communications.
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