CEO's exit raises questions about Hydro-Québec's independence: experts

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CEO's exit raises questions about Hydro-Québec's independence: experts
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Sophie Brochu had cast doubt on the wisdom of the CAQ government’s desire to lure new power\u002Dhungry industrial users to the province.

Brochu informed outgoing chair Jacynthe Côté she would step down on April 11, and the board of directors is now in a position to recommend candidates to replace her,Financial Post Top Stories

In interviews Tuesday evening with Radio-Canada and TVA, Brochu said her departure was not because she had obtained another position, because of her health or to go into politics. She said she was leaving with a “feeling of accomplishment.” Brochu “probably wanted a free rein but realized that she would face some major roadblocks,” François Bouffard, associate professor at McGill University’s department of electrical and computer engineering, said in an interview. With her departure, “questions will be asked about the company’s independence.”Article content

“I would like to thank Sophie Brochu for her contribution as CEO of HQ,” Legault tweeted. “As I told her, it was a pleasure to work with her on major decisive projects for the future of Quebec, such as the agreement with New York and the development of the wind power sector.”Article content Since her appointment, Brochu has worked to reshape Hydro-Québec by implementing a new organizational structure that was announced last year. Dubbed “Une Hydro,” or One Hydro, the plan created four new groups overseeing strategy and development; integrated energy needs planning; infrastructure and the energy system; and operations and customer experience.

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