Hydro One Limited appoints Megan Telford as President and CEO Following David Lebeter’s Retirement
March 10, 2026
Hydro One Limited (Hydro One) announced that David Lebeter will retire from his role as President and CEO, effective June 9, 2026, and will remain as a special advisor with the company until October 10, 2026. The Board also announced that they have appointed Megan Telford, Hydro One’s Chief Operating Officer, as President and CEO effective June 9, 2026.
“This announcement represents the result of a comprehensive and carefully considered succession planning process undertaken by the Board with the support of a professional external advisor. Megan is a strong successor and highly-regarded leader who joined the organization in 2020. Her executive leadership roles at Hydro One have included responsibility for Health, Safety and Environment, Strategy, System Planning, Growth, Distribution and Transmission Operations, Human Resources, Labour Relations, Indigenous Relations, Corporate Affairs and Customer Care. In her new role, she will continue to solidify Hydro One’s position as a leading utility,” said Melissa Sonberg, Chair of the Board of Directors, Hydro One.
“On behalf of the Board of Directors, I extend our heartfelt thanks to David for his exceptional leadership and for building a strong executive team. David has successfully delivered operational and customer-service excellence, improved outcomes in employee safety, created shareholder value and laid the groundwork for the construction of hundreds of kilometers of new transmission lines over the next two decades,” added Sonberg.
“I thank Hydro One’s Board, leadership team and every employee for delivering value for our customers and shareholders,” said David Lebeter, President and CEO, Hydro One. “Ontario’s demand for electricity is increasing, as is the investment required to strengthen the electricity system. I am delighted to congratulate Megan as she takes on the leadership of this incredible organization, positioning it to drive growth and prosperity for the province well into the future.”
“It’s an incredible honour to step into this role at such a pivotal time,” said Megan Telford, Chief Operating Officer and incoming President and CEO, Hydro One. “Hydro One is the backbone of the communities we serve, and my focus is clear: strengthen our electricity grid today so it’s ready for the demands of tomorrow. That means making smart, prudent, forward-looking investments in infrastructure and embracing innovation. At the heart of this effort are our employees – the skilled women and men who show up every day to keep the lights on. Together, we will continue to connect power and possibility for our customers and communities across Ontario for generations to come.”
Megan Telford biography
Megan Telford is the incoming President and CEO of Hydro One. She is currently Hydro One’s Chief Operating Officer, responsible for Safety, Operations, Customer Experience, Capital Portfolio Delivery, Strategy, Growth, System Planning and Hydro One Remote Communities Inc.
Ms. Telford’s previous executive leadership roles at Hydro One included responsibility for Health, Safety and Environment, System Planning, Human Resources, Labour Relations, Indigenous Relations, Corporate Affairs and Customer Care. Before joining Hydro One in 2020, Ms. Telford held a number of increasingly senior roles at TD Bank from 2007 to 2020. Prior to TD, Ms. Telford practiced labour and employment law at a national law firm and worked at the Permanent Court of Arbitration in The Hague.
Ms. Telford currently serves on the Board of Directors for Export Development Canada and the Electricity Distributors Association. Ms. Telford holds an Honours Bachelor of Arts in Industrial Relations from McMaster University, a Master of Industrial Relations and Juris Doctor from Queen’s University and she was a law clerk for Justice A. Stone and Justice B. Strayer at the Federal Court of Appeal. She holds her ICD.D from the Institute of Corporate Directors.
