Jose Espinosa appointed as President & CEO of 407 ETR
TORONTO, July 16, 2025 /CNW/ - 407 ETR is pleased to announce the appointment of Jose Espinosa as President & CEO, effective July 16, 2025. Mr. Espinosa succeeds Javier Tamargo who has served as President & CEO since September 2020.
Mr. Espinosa brings more than 25 years of international experience in tolling and highway infrastructure across Canada, Europe, Australia and the United States. He recently served as CEO of North Texas Highways: Lyndon B. Johnson Expressway, North Tarrant Express and North Tarrant Express 35W. In this role, he spearheaded multiple projects to increase capacity and connectivity while reducing congestion on main arteries serving the Dallas-Fort Worth community. Prior to that, he served as CEO at I-77 Mobility Partners in Charlotte, North Carolina.
"Mr. Espinosa comes with a proven track record in complex infrastructure management and is well positioned to lead 407 ETR through its next phase of growth and operational excellence. His global experience will be instrumental as we continue to drive innovation, enhance the customer experience, and deliver long-term value to our stakeholders," says David McFadden, Chair of the Board, 407 International. "On behalf of the 407 International Board, we thank Mr. Tamargo for his exceptional leadership during the challenging times of the pandemic. His contributions have helped position 407 ETR for continued success in a rapidly evolving transportation landscape."
Learn more about 407 ETR's leadership team at 407etr.com/leadership.
Fast Facts
Mr. Espinosa is a seasoned executive with over 25 years of global experience. He recently served as CEO of three highways in Dallas-Fort Worth, Texas.
Prior to his role in Dallas, he held CEO positions at I-77 in Charlotte, USA; Western Netflow Western Roads Upgrade in Melbourne, Australia; and Autema in Barcelona, Spain.
Mr. Espinosa's appointment marks a return to 407 ETR. Between 2009 and 2016, he held positions as Corporate Shareholder Liaison & Reporting Manager, and later as Project Director for Highway 407 ETR East operations.
Mr. Tamargo has been appointed CEO of Cintra US.
About 407 ETR
Highway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area in Ontario, Canada. The highway spans 108 kilometres from Burlington in the west to Pickering in the east.
407 International Inc. is the sole shareholder of 407 ETR and is owned by:
Cintra Global S.E., a subsidiary of Ferrovial S.A. (48.29%)
Canada Pension Plan Investment Board (CPP Investments) and other institutional investors (44.20%)
Public Sector Pension Investment Board (PSP Investments) (7.51%)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
an hour ago
- Cision Canada
Bayes Market Launches New Social Prediction Platform, Transforming Human Insight into Tradable Asset
HONG KONG, July 21, 2025 /CNW/ -- Bayes Labs team announces the official launch of Bayes Market, a next‑generation global prediction market based in Asia. Bayes Market converts future events into structured financial contracts, offering professionals and mass population a groundbreaking tool to hedge and trade. In an era marked by AI, deglobalization, and geopolitical uncertainty, Bayes Market opens a fresh arena beyond traditional asset—a platform where insights about the future can be priced, traded, and monetized. Trading on Probability, Filling Gaps in Traditional Finance Bayes Market operates as a prediction market not relying on a single underlying asset, but around information. Users of prediction market trade on probabilities of events from geopolitics, climate to K-pop group comebacks base on their own believes. Each contract's price reflects the market's collective assessment of an event's probability. Instead of forcing investors to hedge indirectly via ETFs or options, Bayes Market offers a direct hedge on the event itself, addressing a critical blind spot. Users can turn tomorrow's uncertainty into today's actionable trade, in a granular way. Asian Dynamic Meets AMM Bayes Market employs an Automated Market Maker (AMM) to deliver low‑slippage, high‑transparency trading experience. At the same time, the platform focuses on long‑tail events, making prediction approachable, diverse, and culturally relevant especially in Asia. The team believes that everyone should be able to trade and create events that of their own interest. Bayes Market covers entertainment, pop culture, and social issues beyond macroeconomics and politics, embedding prediction in our daily lives. This unlocks the mass market adoption beyond crypto users. Decentralized Market Creation Bayes Market will soon let users initiate their own prediction events, whether it is a dating reality show or inflation. This challenges the existing paradigm where centralized institutions define tradable markets, turning prediction markets into a grassroots catalyst of shared reality. Stay tuned for Bayes Market's next version update. An Ecosystem for a 'Cognition‑as‑Value' Market Economy Bayes Market is now officially launched, supporting Bayes Points and USDC, with Points incentive programs. The platform invites data providers, content platforms, communities, and Web3 innovators to co‑create an ecosystem where cognition itself becomes a new type of value.
Cision Canada
2 hours ago
- Cision Canada
Sotos Class Actions: Proposed Settlement Reached in National Class Actions Regarding Philips Respironics Devices Français
, July 21, 2025 /CNW/ - A proposed partial settlement has been reached concerning the Economic Loss Claims in the Canada-wide class actions, Morel v. Koninklijke Philips N.V. et al. and Roy v. Respironics Inc. et al. The class actions address claims from individuals, corporations, hospitals, or partnerships in Canada who purchased or used certain Philips Respironics CPAP, BiPAP, or ventilator devices that were part of a voluntary recall first announced on June 14, 2021. Key Partial Settlement Details: Settlement Fund: 20 million CAD to resolve Economic Loss Claims, covering money spent or lost as a result of replacing the device and participating in the voluntary recall. Compensation Plan: Class Members may be eligible to receive up to $125 per purchased device and a percentage (30%-90%) of the replacement cost if replacement costs were incurred and receipts can be provided, less legal and administration fees and disbursements. Number of potential affected members: More than 300,000. This partial settlement does not include personal injury claims. These claims are still ongoing, and Class Members in this settlement keep their right to continue with them. The courts in British Columbia and Quebec must approve the settlement for it to take effect. If approved, all class members who have not opted out of the class actions will be bound by its terms. Opting Out or Objecting Details regarding the approval of the settlement, including the process for allowing Class Members to opt out or object are available at the following address: Legal Fees Class Counsel will apply for the approval of fees amounting to a maximum of 30% of the total settlement and an honorarium for the British Columbia Representative Plaintiff, subject to court approval.
Cision Canada
4 hours ago
- Cision Canada
TELUS expands broadband services in Ontario and Quebec with $2-billion investment
Global-leading broadband fibre and wireless infrastructure will connect more homes and businesses to faster internet speeds, new and exciting services and improved affordability This investment programme comes on top of the $70 billion TELUS announced earlier this year to enhance broadband connectivity, strengthen competition and consumer choice, support Canadian AI leadership and fuel economic growth through 2029. This builds on the more than $276 billion TELUS has committed since 2000 VANCOUVER, BC, July 21, 2025 /CNW/ - TELUS is excited to announce a $2-billion investment to deliver our global-leading broadband services across Ontario and Quebec over the next five years. This investment comes as a result of the CRTC confirmation of the wholesale fibre-to-the-premise (FTTP) framework and serves as a complement to our wholesale fibre access agreements, allowing TELUS to deliver national scale, accelerate network builds and drive investment, competition and affordability in Canada. This marks a significant milestone in TELUS' ongoing efforts to bring Canada's fastest and most reliable broadband services to more communities – fueling economic growth and ensuring all Canadians have access to next generation digital services. "Today's announcement regarding our TELUS broadband fibre and wireless expansion reinforces our long-standing commitment to sustained, transformative investments that advance economic and social prosperity for all Canadians. Against a backdrop of macroeconomic uncertainty, TELUS stands as one of the few companies committing to bold, future-focused infrastructure investments that bolster digital inclusion and bridge digital divides by bringing globally leading connectivity to communities of all sizes," said Darren Entwistle, President and CEO of TELUS. "Notably, by expanding our world-leading TELUS broadband network in Ontario and Quebec in a synergistic combination with our wholesale fibre access, millions of citizens and businesses will be empowered with the connectivity needed to fully participate in the digital economy, unlocking benefits for generations to come. The $2 billion we are investing in Ontario and Quebec over the next five years transcends traditional connectivity; it is powering new and advanced digital services including, AI-fuelled smart home energy management, next-generation healthcare, affordable security and exciting entertainment solutions – driving innovation across all sectors of the economy and our societies, propelling our productivity and quality of life as a nation." New fibre-optic infrastructure will also serve as the backbone of TELUS' world-leading 5G wireless network, ensuring that people and businesses have the tools they need to manage their lives and drive business success in our digital world. Importantly, TELUS PureFibre is 85% more energy-efficient than copper, and more durable against extreme weather and environmental factors, making it a more sustainable and reliable technology. This $2-billion investment will be part of our annual budget and will be supported by investments from our strategic build partnerships. This investment program comes on top of the $70 billion TELUS announced earlier this year to enhance connectivity, support Canadian AI leadership and fuel economic growth through 2029, and builds on the more than $276 billion TELUS has committed since 2000 to boost productivity and support a robust national economy. These investments are consistent with TELUS' guidance for 2025, including capital expenditures, as disclosed in the company's fourth quarter 2024 results and 2025 targets news release dated February 12, 2025 and in the company's first quarter 2025 results news release dated May 9, 2025. This investment profile aligns with the company's longer-term capital-intensity aspirations and our deleveraging target for 2027, including the removal of the dividend reinvestment plan discount. We're always building Canada. For more information about the TELUS PureFibre network and its benefits, visit Forward-Looking Statements This news release contains statements about future events pertaining to TELUS' operations, including the anticipated investment in fibre, TELUS' efforts to deliver broadband services and TELUS' allocation of resources. By their nature, forward-looking statements require us to make assumptions and predictions and are subject to inherent risks and uncertainties including risks associated with capital and debt markets. There is significant risk that the forward-looking statements will not prove to be accurate. The timing and achievement of the above-mentioned endeavours are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future performance and events to differ materially from those described in the forward-looking statements. Accordingly, this news release is subject to the disclaimer and the qualifications and risk factors as set out in our 2024 annual management's discussion and analysis (MD&A), our MD&A for the three month period ended March 31, 2025 and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at and in the United States (on the Electronic Data Gathering, Analysis, and Retrieval system, administered by the US Securities and Exchange Commission at The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements. About TELUS TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. Our TELUS Health business is enhancing more than 150 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. Our TELUS Agriculture & Consumer Goods business utilizes digital technologies and data insights to optimize the connection between producers and consumers. Guided by our enduring 'give where we live' philosophy, TELUS, our team members and retirees have contributed $1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world's most giving company. We're always building Canada. For more information, please contact: Emily Piccinin TELUS Public Relations [email protected] SOURCE TELUS Communications Inc.
