Boralex Welcomes André Courville as New Board Chair

Boralex Welcomes André Courville as New Board Chair

In an exciting new chapter for Boralex Inc. (TSX: BLX), André Courville has been appointed as the Chair of the Board of Directors. This announcement marks a significant leadership transition as he takes over from Alain Rhéaume, who has served the company for 15 years, including eight as Chair.

Leadership Transition at Boralex

Alain Rhéaume's decision to retire has opened the door for Mr. Courville to guide Boralex. Since joining the Board in 2019, Courville has displayed a deep understanding of the company’s vision and values, making him a fitting choice to lead the Board at this pivotal time in Boralex's evolution.

Strategic Goals for the Future

As Boralex continues to implement its 2030 Strategy, the Board's Governance Committee worked diligently to ensure a smooth succession plan. Mr. Courville's extensive international experience and insights into corporate governance are expected to play a crucial role in achieving Boralex's strategic and financial targets.

Commitment to Company Mission

André Courville expressed enthusiasm for his new responsibilities, emphasizing his commitment to Boralex’s mission. He recognizes the value of collaboration with his fellow Board members to leverage their diverse skills and support the operational team in executing the ambitious plans laid out in the 2030 Strategy.

Recognition of Previous Leadership

As part of this transition, Patrick Decostre, President and CEO of Boralex, reiterated gratitude for Alain Rhéaume's contributions over the years. His leadership has been instrumental in steering the company towards successful operational growth and a strong market presence.

Boralex: A Leader in Renewable Energy

Boralex has long been committed to providing affordable renewable energy, securing its place as a leader in both Canada and beyond. The company proudly boasts an impressive onshore wind power portfolio and is expanding its reach through ongoing developments across the United States and the United Kingdom.

Impressive Growth Statistics

Over the past five years, Boralex’s installed capacity has surged by over 50%, now reaching a remarkable 3.2 GW. This robust growth underscores Boralex's efforts in creating a sustainable future through wind, solar, and energy storage projects, aiming to achieve a project portfolio totaling 8.2 GW.

Environmental Commitment

With a strong focus on corporate social responsibility (CSR), Boralex is dedicated to combating climate change through its innovative projects and sustainable growth strategies. The company’s diverse and disciplined approach enables it to maintain its leadership status in the renewable energy market.

Contact Information for Media and Investors

Boralex values transparent communication with its investors and the public. For media inquiries, Camille Laventure is available as the Senior Advisor for Public Affairs at Boralex Inc. Potential investors can reach out to Coline Desurmont, Director of Investor Relations, for all financing-related questions.

Frequently Asked Questions

Who is the new Chair of Boralex's Board of Directors?

André Courville has been appointed as the new Chair of the Board, succeeding Alain Rhéaume.

What experience does André Courville bring to Boralex?

Courville has extensive international experience with large companies and a strong background in corporate governance.

What is Boralex’s goal with its 2030 Strategy?

Boralex aims to enhance its sustainable energy projects and increase its capacity for renewable energy production significantly.

How has Boralex’s capacity changed in recent years?

Over the past five years, Boralex's installed capacity has grown more than 50% to reach 3.2 GW.

What markets does Boralex operate in?

Boralex operates primarily in Canada, France, the United States, and is developing projects in the United Kingdom.

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