Pierre Despars, who had been acting head of Hydro-Québec since the departure of Sophie Brochu, did not wait for the arrival of Michael Sabia on August 1 and left the company.
“Interim President and CEO Pierre Despars recently informed Board Chair Manon Brouillette of his decision to leave Hydro-Québec,” the Crown corporation said in a statement.
Until August 1, there will therefore be an interim interim, and it is Jean-Hugues Lafleur, executive vice-president and chief financial officer, who will be interim president and chief executive officer pending the arrival of Mr. Sabia.
Pierre Despars was one of the Énergir executives who followed Sophie Brochu to Hydro-Québec, where he became number two. As Executive Vice-President, Corporate Strategies and Business Development, he was the one who signed the export contract for Hydro-Québec’s history with New York City.
Pierre Despars was also behind Hydro-Quebec’s acquisition of Great River Hydro’s power plants in New England for $2 billion.
According to the information that has circulated, Pierre Despars wanted to succeed Sophie Brochu at the head of Hydro-Québec.