Business · Companies · 10 hrs ago
Nova Scotia Power CEO Vivek Sood to leave after less than a year
Vivek Sood is leaving as CEO of Nova Scotia Power, a privately owned utility serving Nova Scotia.
He became CEO in March 2026 and decided not to renew his contract, the company said.
Chris Smith, the company’s finance and commercial executive vice-president, is due to take over on Nov.
2.
Sood led the utility while it dealt with the fallout from a cyberattack that exposed personal information belonging to hundreds of thousands of customers.
He also oversaw a contentious rate hearing that resulted in a combined seven per cent increase in power rates, with the second increase due in January.
Smith will lead the utility as it faces these customer and rate issues.
Nova Scotia Power CEO Vivek Sood is leaving less than a year after taking the job.
The company said Sood decided not to renew his contract.
Chris Smith, the utility’s executive vice-president of finance and commercial, will take over as CEO on Nov. 2.
Sood became CEO in March 2026, while the utility was dealing with the fallout of a cyberattack.
During his tenure, he also handled a contentious rate hearing that will result in a combined seven per cent increase when the second hike takes effect in January.
- Who
- Vivek Sood is leaving as CEO of Nova Scotia Power; Chris Smith will take over.
- What
- Sood has decided not to renew his contract.
- When
- The announcement was made on Oct. 27, 2026. Smith takes over on Nov. 2.
- Where
- Nova Scotia.
- Why
- Sood decided not to renew his contract. A reason was not stated.
This story does not have two clearly opposing sides.
Vivek Sood became Nova Scotia Power’s CEO.
The company announced that Sood had decided not to renew his contract.
Chris Smith is scheduled to take over as CEO.
The second of two power price increases is scheduled to take effect, completing a combined seven per cent hike.
- CEO departure
- Vivek Sood
- New CEO
- Chris Smith
- Sood became CEO
- March 2026
- Announcement
- Oct. 27, 2026
- Combined power rate increase
- Seven per cent