Mark White, the chief executive officer of the Financial Services Regulator of Ontario, has been confirmed as chair of the Ontario Energy Board and will be stepping down from his current role effective July 16, 2024.

Stephen Power, executive vice-president of corporate services at the FSRA, will serve as interim CEO while the organization undertakes an open and competitive search for a permanent successor. He’s currently responsible for leading finance, risk management, human resources, information technology, facilities planning and project management.

Read: FSRA names Andrew Fung EVP of pensions

In addition, the term of the chair of the FSRA’s board of directors, Joanne De Laurentiis, has been extended for one year to provide continuity to the organization through this transition period, according to a press release.

“Stephen will be supported by a strong executive team with a depth of industry and leadership experience, as well as a staff with immense strength and expertise,” said De Laurentiis, in the release.

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