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Enercare Announces Retirement of President and Chief Executive Officer and Appointment of Jenine Krause

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Enercare Announces Retirement of President and Chief Executive Officer and Appointment of Jenine Krause

Canada NewsWire

TORONTO, Aug. 15, 2018 /CNW/ - Enercare Inc. (TSX:ECI) and Enercare Solutions Inc. (collectively, "Enercare") announced that John Macdonald, Enercare's President and Chief Executive Officer, will retire from his role today. Upon his retirement, Jenine Krause, Chief Operating Officer, Home Services has been appointed President and Chief Executive Officer of Enercare. Mr. Macdonald will remain with Enercare in an advisory capacity until the end of the year to ensure a smooth transition.

"On behalf of the Board, I would like to thank John for his tremendous contributions to Enercare throughout his twelve years. John has done an exceptional job leading Enercare. Under his leadership, the company has grown to become one of North America's premier providers of home and commercial services. It was this growth and success that has led to the recent announcement that Enercare had entered into an agreement to be acquired by Brookfield Infrastructure for $4.3 billion," said Mr. Pantelidis, Chair of the Board.

"We are very pleased to announce the appointment of Jenine Krause to the role of President and Chief Executive Officer. Jenine joined Enercare in February 2016 as the Chief Operating Officer to lead our Enercare Home Services business unit, which has shown consistent revenue and EBITDA growth during her tenure. As a key member of the management team, Jenine has been instrumental in developing our strategic growth plan that focuses on leveraging technology to enhance the customer experience.  Prior to Enercare, Jenine held a number of senior executive positions and has a consistently successful track record in strategic planning, operations management and leading large organizational change," said Mr. Pantelidis.

"Looking ahead, I'm very excited about the opportunities for growth in the Enercare businesses, which will continue to position us as the service provider of choice in North America.  I am delighted to have the opportunity to lead the company through this exciting next phase of our growth," said Ms. Krause.

About Enercare Inc.

Enercare is headquartered in Markham, Ontario, Canada and is publicly traded on the Toronto Stock Exchange (TSX:ECI). As one of North America's largest home and commercial services and energy solutions companies with approximately 5,100 employees under its Enercare and Service Experts brands, Enercare is a leading provider of water heaters, water treatment, furnaces, air conditioners and other HVAC rental products, plumbing services, protection plans and related services. With operations in Canada and the United States, Enercare serves approximately 1.6 million customers annually. Enercare is also the largest non-utility sub-meter provider, with electricity, water, thermal and gas metering contracts for condominium and apartment suites in Canada and through its Triacta Power Technologies Inc. brand, a premier designer and manufacturer of advanced sub-meters and sub-metering solutions.

For more information on Enercare visit enercare.ca.  Additional information regarding Enercare is available through our investor relations website at corporate.enercare.ca or on SEDAR at www.sedar.com. Subscribe to our email alerts at corporate.enercare.ca/email-alerts to receive our news releases electronically.

SOURCE Enercare Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2018/15/c8558.html

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