Gregory L. Ebel

President & CEO at Enbridge Inc

Board

Since January 1, 2023

Age

60 years

Education

Holds a Bachelor of Arts (Honours) from York University, graduated from the Advanced Management Program at Harvard Business School, and earned a CERT Certificate in Cybersecurity Oversight.

Tenure

Joined Enbridge as Board Chair in February 2017 following the merger and was promoted to President & CEO on January 1, 2023.

Also at Enbridge Inc

CKG

Colin K. Gruending

EVP & President, Liquids Pipelines

CLH

Cynthia L. Hansen

EVP & President, Gas Transmission

LJS

Laura J. Sayavedra

SVP, Safety, Projects & Chief Admin Officer

About

Gregory L. Ebel is a seasoned executive in the energy sector and is 60 years old as of February 2025, residing in Houston, Texas. His extensive background in finance, investor relations, and mergers and acquisitions has laid the foundation for a distinguished career that spans roles at Duke Energy Corporation, Union Gas Limited, and Spectra Energy Corp.

At Enbridge, his journey began as he took on the role of Board Chair in February 2017 following a major merger. During this period, he played a pivotal role in guiding the company through a significant transformation, aligning strategic priorities with long-term value creation efforts. His leadership during this time set the stage for his subsequent appointment as President & CEO on January 1, 2023.

Beyond his core responsibilities at Enbridge, he has expanded his influence in the energy industry through vital board positions, including serving as Chair of the Board of The Mosaic Company. His forward-thinking strategies and dedication to sustainable growth underscore a professional life marked by significant contributions in both executive management and corporate governance.

$ENB Performance Under Gregory L. Ebel

Past Roles

Organization	Role	Date Range	Details
Enbridge	Chair of the Board	Feb 27, 2017 – Dec 31, 2022	Served following merger with Spectra Energy Corp
Enbridge	Director	Feb 27, 2017 – Jan 1, 2023	Part of merger with Spectra Energy
Spectra Energy Corp	Chairman, President & CEO	Jan 1, 2009 – Feb 27, 2017	Position held until merger with Enbridge
Spectra Energy Corp	Group Executive and Chief Financial Officer	2007 – 2009	Promoted from CFO role
Union Gas Limited	President	2005 – 2007	N/A
Duke Energy Corporation	Vice President, Investor & Shareholder Relations	2002 – 2005	N/A
Duke Energy Corporation	Managing Director, Mergers and Acquisitions	2002 – 2005	Joined in connection with Westcoast Energy acquisition
Westcoast Energy Inc	N/A	N/A	Worked prior to its acquisition by Duke Energy

External Roles

Organization	Role	Date Range	Details
The Mosaic Company	Chair of the Board	Current	Member of audit committee, corporate governance and nominating committee

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	C$1,780,110	Annual (effective January 1, 2023)	Annual base salary as President & CEO
Perquisites	C$215,670	As incurred (annual accrual)	Includes housing accommodations (C$126,838) and other executive benefits
Retirement Savings Plan Matching Contribution	C$26,108	Per payroll period	Company contributions to the 401(k) plan
Tax Equalization Program	C$705,703	One-time in 2023 (final adjustment in 2024)	Paid on behalf of Mr. Ebel to avoid double taxation under the Canada/U.S. Tax Treaty

Performance Compensation

Data from FY 2023

Short-Term Incentive Plan (STIP)

Metric/Detail	Value/Details
Performance Metrics & Weights	Corporate: 60%, Business Unit: 30%, Individual: 10%
Target	145% of base salary
Target Award	$2,581,160
Actual Award	$4,418,945
Multipliers	Overall: 1.71x (Corporate: 1.65x; Business Unit: 1.74x; Individual: 2.00x)
Payout Range	0-200% of target award
Evaluation Period & Payment Timing	2023 performance with cash payout in early 2024

Performance Share Units (PSUs)

Metric/Detail	Value/Details
Performance Conditions	45% DCF per share growth, 45% TSR relative to a peer group, 10% GHG emissions intensity reduction
Payout Range	0-200% based on achievement
Grant Date	February 15, 2023
Grant Date Fair Value / Stock Price	C$53.06 per unit
Number of PSUs Granted	132,390
Grant Value as % of Base Salary	390%
Vesting Schedule	Cliff vest over a three-year term with dividend equivalents provided as additional units
Payout Method	Cash payout based on the market value of an Enbridge share at maturity