Announcement to come regarding the resignation of Nalcor's remaining board members.
ST. JOHN’S, NL — The premier of Newfoundland and Labrador has named a new president and CEO of Nalcor, the company leading the $9.2 billion Muskrat Falls hydro project in Labrador.
Dwight Ball announced April 21 that former Fortis Inc. president Stan Marshall will take over the Crown corporation after Ed Martin’s abrupt resignation April 20.
Ball praised Marshall’s record with Fortis, and said the province is looking forward to working with him.
Ball says a further announcement is coming regarding the resignation of the remaining Nalcor board members.
Marshall says the Nalcor position is not a job he wanted, but he’s happy to step up.
Martin said he was stepping down to spend more time with his family, and not because of increasing scrutiny around the over-budget project.