February 27, 2012 / 2:33 PM / 6 years ago

Enbridge announces CEO succession plan

Pat Daniel, president and CEO of Enbridge, addresses shareholders during the company's annual general meeting in Calgary, Alberta, May 11, 2011. REUTERS/Todd Korol

TORONTO (Reuters) - Enbridge Inc (ENB.TO) said on Monday President and Chief Executive Patrick Daniel will retire later this year and the pipeline operator has named Al Monaco, who heads the company’s gas pipeline business, as his successor.

Calgary, Alberta-based Enbridge said Monaco will join the company’s board and take on the role of president, effective immediately. Daniel, who joined Enbridge three decades ago, will remain CEO and a member of the board until his retirement.

Reporting By Euan Rocha; Editing by Frank McGurty

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