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Gregory L. Ebel

President & CEO at ENBRIDGE
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

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

OrganizationRoleDate RangeDetails
EnbridgeChair of the BoardFeb 27, 2017 – Dec 31, 2022Served following merger with Spectra Energy Corp
EnbridgeDirectorFeb 27, 2017 – Jan 1, 2023Part of merger with Spectra Energy
Spectra Energy CorpChairman, President & CEOJan 1, 2009 – Feb 27, 2017Position held until merger with Enbridge
Spectra Energy CorpGroup Executive and Chief Financial Officer2007 – 2009Promoted from CFO role
Union Gas LimitedPresident2005 – 2007N/A
Duke Energy CorporationVice President, Investor & Shareholder Relations2002 – 2005N/A
Duke Energy CorporationManaging Director, Mergers and Acquisitions2002 – 2005Joined in connection with Westcoast Energy acquisition
Westcoast Energy IncN/AN/AWorked prior to its acquisition by Duke Energy

External Roles

OrganizationRoleDate RangeDetails
The Mosaic CompanyChair of the BoardCurrentMember of audit committee, corporate governance and nominating committee

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base SalaryC$1,780,110Annual (effective January 1, 2023)Annual base salary as President & CEO
PerquisitesC$215,670As incurred (annual accrual)Includes housing accommodations (C$126,838) and other executive benefits
Retirement Savings Plan Matching ContributionC$26,108Per payroll periodCompany contributions to the 401(k) plan
Tax Equalization ProgramC$705,703One-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/DetailValue/Details
Performance Metrics & WeightsCorporate: 60%, Business Unit: 30%, Individual: 10%
Target145% of base salary
Target Award$2,581,160
Actual Award$4,418,945
MultipliersOverall: 1.71x (Corporate: 1.65x; Business Unit: 1.74x; Individual: 2.00x)
Payout Range0-200% of target award
Evaluation Period & Payment Timing2023 performance with cash payout in early 2024

Performance Share Units (PSUs)

Metric/DetailValue/Details
Performance Conditions45% DCF per share growth, 45% TSR relative to a peer group, 10% GHG emissions intensity reduction
Payout Range0-200% based on achievement
Grant DateFebruary 15, 2023
Grant Date Fair Value / Stock PriceC$53.06 per unit
Number of PSUs Granted132,390
Grant Value as % of Base Salary390%
Vesting ScheduleCliff vest over a three-year term with dividend equivalents provided as additional units
Payout MethodCash payout based on the market value of an Enbridge share at maturity