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Al Monaco Biography – Al Monaco Wiki
Al Monaco is the President and Chief Executive Officer of Enbridge. He was appointed President and Chief Executive Officer of Enbridge Inc. on October 1, 2012. He is also a member of the Enbridge Inc. Board of Directors.
Appointed as President, Chief Executive Officer and a Director of Enbridge in 2012, Al Monaco has led Enbridge through a period of unprecedented growth combined with a continued focus on safety, reliability and environmental protection that has positioned it as North America’s leading energy infrastructure company.
Under Al’s leadership, Enbridge has focused on long-term sustainable growth while maintaining the company’s low-risk business model. In 2017, Enbridge completed the $37-billion acquisition of Spectra Energy, which diversified the company, accelerated its natural gas strategy and expanded its U.S. footprint. Enbridge has invested more than $60 billion in energy infrastructure projects over the last seven years, including Canada’s first export pipeline system to the U.S. Gulf Coast, and the company’s first international offshore wind project.
Enbridge has prioritized sustainability by containing emissions from its operations and diversifying its asset base to reflect the global energy mix. Enbridge has developed an industry-leading approach to stakeholder and Indigenous engagement based on trust, collaboration and economic partnerships. Al is a strong advocate for building diverse and inclusive working environments and has signed Enbridge to Equal by 30, a pledge to support gender equality in the energy sector by 2030.
Al is a champion of North America’s energy industry and its ability to become a global leader by supplying affordable, reliable and responsible energy to the world. He is a Director and member of the American Petroleum Institute Executive and Finance Committees; a Director and member of the Weyerhaeuser Board and its Compensation Committee; and a member of the U.S. National Petroleum Council, the Business Council of Canada, the Business Council of Alberta, and the Catalyst Canada Advisory Board.
Al was the recipient of the Fraser Institute Founders Award (2019), and has been recognized as “Canadian Energy Person of the Year” (2017) and “Alberta Business Person of the Year” (2016) by the Energy Council of Canada and Alberta Venture, respectively.
Al is a staunch supporter of the community, including the United Way and the annual Enbridge Ride to Conquer Cancer.
Al earned a Master of Business Administration from the Haskayne School of Business (Finance) at the University of Calgary. He holds a CPA, CMA designation and is a member of the Chartered Professional Accountants of Alberta. He completed the Advanced Management Program at Harvard Business School.
Al Monaco Age
He was born in 1960 in Calgary, Canada.
Al Monaco Wife
Is Al Monaco married? He is married to his wife Laurie Monaco.
Al Monaco Family
He and his wife Laurie live in Calgary and have three children.
Al Monaco Salary
In 2020, Enbridge president and CEO Al Monaco received a total pay package of $17,054,836. This was about 15 per cent decrease from his 2019 total compensation of $17,993,384. In 2020, the Enbridge board rolled back executive pay by 15 per cent in response to the economic challenges arising from the COVID-19 pandemic.
Al Monaco Net Worth
Al Monaco’s net worth is estimated to be $10 million.