Ruth Forbes was appointed as President and CEO of FortisTCI in the Turks and Caicos Islands (TCI) effective August 2020. She stands as one of the few female CEOs in the utility sector serving the Caribbean region.
Prior to this appointment, Mrs. Forbes was Senior Vice President of Corporate Services, Chief Financial Officer, and Company Secretary. With 15 years of experience in utilities, she has had oversight of several business functions including finance, internal audit, legal, customer service, corporate communications, human resources, supply chain management, and more.
Mrs. Forbes spearheaded the “Investors in People Certification” initiative at FortisTCI and led the company to become the first to receive such designation in the TCI. She also led FortisTCI’s first US Private Placement Financing Transaction and its inaugural credit rating initiative with S&P (BBB). FortisTCI is the first private company in TCI to achieve Investor Grade Credit Rating.
Mrs. Forbes has a Diploma in Business Administration (Honors) from University of Technology, Kingston, Jamaica and a Bachelor’s degree in Accounting from Barry University, Florida, USA. She successfully completed the Certified Public Accountant (CPA) examinations in 2003 and Certified Management Accountant (CMA) in 2014.
She serves as a Director on the board of FortisOntario, a sister utility of FortisTCI and a Director of Belize Electricity Limited, both of which are subsidiaries of Fortis Inc. Mrs. Forbes was recently appointed as a Director on the board of The Caribbean Electric Utility Services Corporation (CARILEC), where she will serve for three years. She previously served as a Director of the Turks and Caicos Airports Authority Board for one year, and the Turks and Caicos National Insurance Board for three years.
Mrs. Forbes is a devout philanthropist and founder of “Jewels Ablaze” a not-for-profit organization geared at mentoring, developing and supporting young women in the community.