Boralex Shifts Leadership as CFO Bruno Guilmette Departs

Leadership Transition at Boralex

Boralex Inc. has announced that Bruno Guilmette, the Executive Vice President and Chief Financial Officer, is set to leave the company to embark on new professional ventures. After nearly seven years of dedicated service, Guilmette will transition out of his role effective September 12, 2025.

Impact of Bruno Guilmette’s Tenure

Throughout his time at Boralex, Guilmette has been instrumental in guiding the company's financial strategies, contributing significantly to its substantial growth. His leadership has overseen the implementation of a strategic plan that doubled the company's size while enhancing its capital market approach. Under his guidance, Boralex executed key transactions, including the remarkable deal involving Energy Infrastructure Partners that secured a 30% stake in its operating assets and development projects in Europe.

Stepping Up: Stéphane Milot's New Role

As Boralex prepares for this transition, Stéphane Milot, currently serving as Vice President of Investor Relations and Financial Planning & Analysis, will step up to assume the role of Executive Vice President and Chief Financial Officer starting September 13, 2025. Milot's long-standing experience and close collaboration with Guilmette position him well to ensure a seamless transition and continue driving the company's financial agenda.

Reflections on Accomplishments

Patrick Decostre, President and CEO of Boralex, praised Guilmette’s contributions, highlighting his critical role in achieving the financial objectives outlined in the company's 2025 Strategic Plan. He noted the significance of entering new markets and the successful completion of numerous financings that have reinforced the company’s financial strength.

Future Prospects for Boralex

Guilmette expressed confidence in handing over the reins to Milot and the existing team. He reflected on his journey with Boralex, emphasizing pride in the company's solid financial health and robust ability to pursue future opportunities. His departure signals a new chapter for Boralex, as it continues to uphold strong financial practices and sustainable growth initiatives.

Ongoing Recruitment for Leadership Position

The company is actively engaging in the recruitment process to find a permanent replacement for Guilmette. This includes evaluating both internal and external candidates, emphasizing the need for inspiring leadership to guide Boralex through its next strategic phase while ensuring continued financial discipline and momentum.

About Boralex

Boralex has led the way in providing affordable renewable energy for over three decades. As a principal player in the Canadian market and the largest independent producer of onshore wind power in France, the company continuously expands its footprint, including projects in the United States and the United Kingdom. With a robust portfolio targeting 8.2 GW in renewable energy projects, Boralex remains committed to combating climate change through sustainable and profitable growth.

Frequently Asked Questions

Who is Bruno Guilmette?

Bruno Guilmette was the Chief Financial Officer of Boralex, playing a pivotal role in the company's financial growth for nearly seven years.

What is Stéphane Milot's new position?

Stéphane Milot will take over as the new Executive Vice President and Chief Financial Officer of Boralex starting September 13, 2025.

What is Boralex known for?

Boralex is recognized as a leader in renewable energy, focusing on onshore wind power and contributing to sustainability efforts globally.

What does the future hold for Boralex?

Boralex aims to continue its growth trajectory with a clear focus on executing its 2030 Strategy and expanding its renewable energy projects.

How will Boralex transition after Guilmette's departure?

The company is committed to maintaining business continuity and financial discipline during the leadership transition, ensuring a smooth process under Milot's guidance.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

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