Stanley Marshall

A professional engineer and lawyer, Stan Marshall joined Newfoundland Power in 1979 and in 1987, he was instrumental in the creation of the utility’s parent company, Fortis Inc. His career with Fortis spanned 35 years with more than 18 years as the Corporation’s President and CEO. Under his leadership, Fortis grew into the largest investor-owned gas and electric distribution utility in Canada and was transformed into a leader in the electricity and gas utility business in North America, serving more than 3 million energy customers across Canada, the United States and the Caribbean. The Corporation's total assets grew from less than $1 billion in 1996 to more than $26 billion in 2014.

Stan’s significant accomplishments include leading the expansion of Fortis in western Canada through the acquisition of the Aquila electric utility assets in Alberta and British Columbia (now known as FortisAlberta and FortisBC Electric, respectively) in 2004, the acquisition of Terasen Gas in British Columbia (now known as FortisBC Energy) in 2007, the Corporation’s initial entry into the United States with the acquisition of New York State utility Central Hudson Gas & Electric in 2013 and its subsequent growth in the United States with the acquisition of Arizona State utility UNS Energy in 2014.

In June 2014, Stan retired as President, Fortis Inc. and in December of that same year, he retired as Chief Executive Officer and as Director of the Board of Directors of Fortis Inc.

In April 2016, Mr. Marshall was requested to come out of retirement by the Government of Newfoundland and Labrador to become President and CEO of Nalcor Energy, with additional oversight as CEO of Newfoundland and Labrador Hydro and Churchill Falls Labrador Corporation. Between 2016 and 2021, one of the most notable successes under Mr. Marshall’s direction was the reorganization and restructuring of the Muskrat Falls project where he was instrumental in procuring additional financing and bringing construction of all major components of the project into operation.

In addition to serving on the boards of Fortis, Nalcor, and their affiliates, Stan served on the boards of two other Canadian public companies – Toromont Industries and Enerflex Ltd.

Currently Stan is on the Board of the Trans Mountain Corporation and is Chair of the committee responsible for overseeing the construction of the oil pipeline expansion project.

In his personal and corporate life, Stan demonstrated a commitment to assisting people and community. While President and CEO of Fortis he ensured that every Fortis company supported charitable and cultural endeavours and encouraged his people to be actively involved in their communities. Within the Fortis family he placed strong emphasis on the development and promotion of young talent. He mentored many young executives and takes great satisfaction in their success.

As CEO of Fortis, Stan was committed to maintaining its headquarters in St. John’s, NL. He has always been a strong supporter of his province and its people. He took a particular interest in documenting the history of Newfoundland where his family has lived in the same small community for over 300 years. Fortis sponsored a five-part CBC documentary series on the history of Newfoundland and also funded a scholarly biography of its most prominent Prime Minister. Stan was personally involved in both productions. He is a proud Newfoundlander, but also takes great pride in being the first member of his family to be born Canadian.

In 2015, Stan Marshall was inducted into the JA Newfoundland and Labrador Business Hall of Fame for his outstanding contributions in business and to his province.