Douglas Haughey - Fortis Independent Non-Executive Chairman of the Board

FTS Stock  USD 44.58  0.25  0.56%   

Chairman

Mr. Douglas J. Haughey is Independent NonExecutive Chairman of the Board of Fortis Inc., since September 1, 2016. From August 2012 through May 2013, Mr. Haughey was Chief Executive Officer of The Churchill Corporationrationration, a commercial construction and industrial services company focused on the western Canadian market. From 2010 through its successful sale to Pembina Pipeline in April 2012, he served as President and Chief Executive Officer of Provident Energy Ltd., an owneroperator of natural gas liquids midstream facilities. From 1999 through 2008, Mr. Haughey held several executive roles with Spectra Energy and predecessor companies. He had overall responsibility for its western Canadian natural gas midstream business, was President and Chief Executive Officer of Spectra Energy Income Fund and also led Spectras strategic development and mergers and acquisitions teams based in Houston, Texas. Mr. Haughey graduated from the University of Regina with a Bachelor of Business Administration and from the University of Calgary with an MBA. He holds an ICD.D designation from the Institute of Corporationrationrate Directors. Mr. Haughey served on the board of directors of FortisAlberta from April 2010 and served as its Chair from April 2013 to February 2016. since 2016.
Age 63
Tenure 8 years
Address Fortis Place, Saint John's, NF, Canada, A1E 0E4
Phone709 737 2800
Webhttps://www.fortisinc.com

Fortis Management Efficiency

The company has Return on Asset of 0.0301 % which means that on every $100 spent on assets, it made $0.0301 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0754 %, implying that it generated $0.0754 on every 100 dollars invested. Fortis' management efficiency ratios could be used to measure how well Fortis manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.03 in 2024. Return On Capital Employed is likely to gain to 0.08 in 2024. At this time, Fortis' Debt To Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.03 in 2024, whereas Intangibles To Total Assets are likely to drop 0.11 in 2024.
Fortis Inc has 30.03 B in debt with debt to equity (D/E) ratio of 1.27, which is OK given its current industry classification. Fortis Inc has a current ratio of 0.61, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Fortis to invest in growth at high rates of return.

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Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It also owns and operates approximately 90,200 circuit Kilometers of distribution lines and approximately 50,500 km of natural gas pipelines. Fortis operates under UtilitiesRegulated Electric classification in the United States and is traded on New York Stock Exchange. It employs 9100 people. Fortis Inc (FTS) is traded on New York Stock Exchange in USA. It is located in Fortis Place, Saint John's, NF, Canada, A1E 0E4 and employs 9,600 people. Fortis is listed under Electric Utilities category by Fama And French industry classification.

Management Performance

Fortis Inc Leadership Team

Elected by the shareholders, the Fortis' board of directors comprises two types of representatives: Fortis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortis. The board's role is to monitor Fortis' management team and ensure that shareholders' interests are well served. Fortis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortis' outside directors are responsible for providing unbiased perspectives on the board's policies.
Gary Smith, Executive Vice President - Eastern Canadian and Caribbean Operations
Julie Dobson, Independent Director
Jocelyn Perry, Chief Financial Officer, Executive Vice President
James Laurito, Executive Vice President - Business Development, Chief Technology Officer
Keri Glitch, Chief VP
Ronald Hinsley, Chief Information Officer, Vice President
Lawrence Borgard, Independent Director
David Hutchens, Chief Operating Officer, Executive Vice President - Western Utility Operations, Fortis
Karen Gosse, Vice President - Planning and Forecasting
Susan Gray, Executive Operations
Jamie Roberts, Vice President Controller
Barry Perry, President, Chief Executive Officer, Director
Joseph Welch, Non - Independent Director
Jo Zurel, Independent Director
Karen Mccarthy, Vice President - Communications and Corporate Affairs
Jocelyn CPA, Executive CFO
Margarita Dilley, Independent Director
Douglas Haughey, Independent Non-Executive Chairman of the Board
Maura Clark, Independent Director
Stephanie Amaimo, Vice President - Investor Relations
Pierre Blouin, Independent Director
Regan ODea, Vice President, General Counsel - Corporate
Lisa Durocher, Director
Kevin Woodbury, Vice Technology
James Reid, Executive Vice President Chief Legal Officer and Corporate Secretary
Tanya Finlay, Vice Culture
Stuart Lochray, Senior Development
Nora Duke, Executive Vice President - Corporate Services and Chief Human Resource Officer
Paul Bonavia, Independent Director
Tracey Ball, Independent Director
Gianna Manes, Director
MEd BPR, Vice Relations

Fortis Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Fortis a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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