Latest news with #ClaudineBouchard
CTV News
23-07-2025
- Business
- CTV News
Hydro-Quebec CEO's compensation could approach $1 million
Hydro-Quebec's new boss will be entitled to compensation that could approach $1 million if she receives her maximum bonus. The compensation of the new CEO, Claudine Bouchard, could reach $988,500, according to information contained in a decree issued by François Legault's government. Bouchard is entitled to an annual salary of $659,000. The board of directors may also grant her a performance bonus, but this cannot exceed half the value of her salary. With this promotion, Bouchard will see her annual salary increase by 11.7 per cent compared to what she earned as chief operating and infrastructure officer. In 2024, she received an annual salary of $589,948, for total compensation of $933,362, according to the Crown corporation's annual report. The new CEO's compensation is in line with that of her predecessor, Michael Sabia, who received a salary of $663,577 and total compensation of $839,516 in 2024. In 2025, Bouchard's compensation will be determined based on the number of months she served as CEO versus her previous position. Bouchard was appointed head of the Crown corporation on July 5, following Sabia's departure, when he became the federal government's most senior civil servant. She will be responsible for steering Hydro-Quebec's massive investments, which include plans to deploy $200 billion by 2035 to increase production and improve the reliability of its network. This report by The Canadian Press was first published in French on July 23, 2025.
CTV News
02-07-2025
- Business
- CTV News
Claudine Bouchard named new CEO of Hydro-Quebec
The Quebec government has announced Claudine Bouchard as the new president and CEO of Hydro-Quebec. Bouchard, who started working at Hydro-Quebec more than 25 years ago in the call centre, replaces Michael Sabia, who is stepping down from the role to lead Prime Minister Mark Carney's Privy Council Office in Ottawa. Sabia had only been the Quebec Crown corporation's head boss since 2023. A Hydro-Quebec veteran, Bouchard has been the executive vice-president and Chief Operating and Infrastructure Officer since 2023 and oversees the Société d'énergie de la Baie James, a subsidiary that offers services in generation and transmission plant engineering, project management and construction. She takes on her new role as CEO on July 5 after the board of directors recommended her as Sabia's successor. In a press release, the provincial government described her as a 'visionary and strategic leader' who helped steer the modernization of the power utility for several years. Economy Minister Christine Frechette welcomed the news, highlighting how she helped spearhead a plan that led to a reduction of power outages by 50 per cent last year. Je suis très fière d'annoncer la nomination de Mme Claudine Bouchard à titre de présidente-directrice générale d'@hydroquebec. Mme Bouchard a débuté son parcours chez Hydro-Québec il y a 25 ans. Arrivée comme guide au départ, elle a contribué au fil des ans à de nombreux projets… — Christine Fréchette (@CFrechette) July 2, 2025 Citing new wind power projects throughout Quebec and the 'historic' energy agreement with Newfoundland and Labrador, Premier François Legault said Hydro-Quebec needs 'strong leadership that is capable of delivering results.' 'Claudine Bouchard knows the Crown corporation very well. She has demonstrated that she knows how to get things done, bring teams together and lead concrete transformations. I am convinced that she has everything it takes to lead Hydro-Québec in this new phase of its development,' Legault said in a statement. Bouchard also said she was 'honoured' to be appointed. 'It is a great privilege to lead this company, which has had such a profound impact on Quebec's history and will play a key role in its development in the coming decades,' she said.
Montreal Gazette
02-07-2025
- Business
- Montreal Gazette
Claudine Bouchard appointed new CEO of Hydro-Québec
Hydro-Québec has appointed Claudine Bouchard as its new President and Chief Executive Officer. Bouchard, who has been Executive Vice-President and Chief Operating Officer since 2023, has worked at the public utility for more than 25 years. She will formally assume the top role on Saturday. She replaces Michael Sabia and will be tasked with delivering Hydro's ambitious $200-billion plan, which includes developing wind power, expanding electricity exports, and finalizing a long-term agreement with Newfoundland and Labrador. Premier François Legault said in a statement Bouchard is well placed to lead the Crown corporation. Bouchard currently oversees $100 billion in assets, including 88 hydroelectric stations and more than 260,000 kilometres of transmission lines. In a statement, Bouchard said: 'I am honoured by the mandate entrusted to me. It is a great privilege to lead this company that has so profoundly marked the history of Quebec and which plays a vital role in its development for decades to come. I am deeply committed to the vision that guides our plan and, with our teams, I will work enthusiastically to implement it, for the benefit of our clients and all Quebecers.'
Cision Canada
02-07-2025
- Business
- Cision Canada
Claudine Bouchard appointed President and Chief Executive Officer of Hydro-Québec Français
MONTRÉAL, July 2, 2025 /CNW/ - It is with great pleasure that Hydro-Québec's Board of Directors confirms the appointment of Claudine Bouchard as President and Chief Executive Officer. Executive Vice President and Chief Operating and Infrastructure Officer since September 2023, Claudine Bouchard has been with Hydro-Québec for over 25 years, including five as a member of senior management. A visionary and strategic leader, Ms. Bouchard has been leading the modernization and development of our energy system and is one of the architects of the Action Plan 2035. A seasoned manager who is close to her teams, Claudine Bouchard has a results-driven approach. She has led major optimization and transformation initiatives, including a plan to improve service quality that reduced outages by 50% in 2024. Today, she oversees the management of $100 billion in assets, including 88 hydropower generating stations and 264,000 km of power lines, as well as the construction of all new infrastructures. She is also playing a major role in the agreement with Newfoundland and Labrador. This appointment is the result of a rigorous recruitment process carried out by Hydro-Québec's Board of Directors in collaboration with the Québec government. Quotes "Hydro-Québec will play a central role in Québec's economic future, with its $200 billion infrastructure plan that we continue to move forward with. Wind power projects are being developed in the regions, and we are finalizing the historic agreement with Newfoundland and Labrador. We need a strong leader capable of delivering results. Claudine Bouchard knows the company inside out. She has clearly demonstrated that she knows how to get things done, bring teams together and lead concrete transformations. I am convinced she has what it takes to lead Hydro-Québec in this new phase of its development." François Legault, Premier of Québec "Ms. Bouchard's career at Hydro-Québec has been truly exceptional. Few people know more about Hydro-Québec than its new President and CEO. I'm delighted that Ms. Bouchard, who is both a visionary and a pragmatist, is taking the helm of this great institution at such a key moment in its history. Together, we will continue to implement our ambitious action plan, which will enable Hydro-Québec to spearhead the energy transition, enhance and diversify energy generation, and create major economic spinoffs for Québec. Together, we'll make Québec greener and more prosperous." Christine Fréchette, Minister of Economy, Innovation and Energy and Minister Responsible for Regional Economic Development "We are delighted that Claudine Bouchard has agreed to lead Hydro-Québec as CEO at a pivotal moment in our history. The top priority over the next few years is the implementation of the Action Plan and the Churchill River hydroelectric development. Thanks to her leadership and experience, Claudine is the ideal person to successfully pilot these major projects. She masters the technical complexity of operations and embodies the social mission of our great public institution. Her proven leadership, strategic vision and commitment to the values of excellence and responsibility will be key to driving our growth in a rapidly evolving energy environment. Very early on in the process, it became clear that Ms. Bouchard was the ideal person to guide us through this new chapter. Manon Brouillette, Chair of the Board of Hydro-Québec "I am honoured by the mandate entrusted to me. It's a great privilege to lead this company, which has so profoundly marked Québec's history, and which will play a key role in its development for decades to come. I am deeply committed to the vision behind our plan. Together with our teams, I will dedicate myself to fully implementing it for the benefit of our customers and all Quebecers." Ms. Bouchard will officially take office on Saturday, July 5, 2025.
