Strengthened management team and geographic business units to support Boralex’s growth

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Borax Inc.

Borax Inc.

MONTREAL, Oct. 28, 2022 (GLOBE NEWSWIRE) — Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to introduce a new management model in key markets and plans to rapidly increase efficiency. – Growing environment. The company is announcing new appointments to its executive committee to support the ambitious goals of its 2025 strategic plan.

Boralex is adopting a geographic management model. The company is also establishing a North American business unit, in addition to its existing one in Europe, which will now officially be managed by the European Executive Vice President and General Manager. Regional business units consolidate operations in organic development, public affairs, human resources, construction, asset management, operations finance and accounting, energy sales, and domestic mergers and acquisitions. This is a natural evolution for Boralex, whose past success has been based on close collaboration across the business, as well as a keen understanding of market specifics and agility in seizing business opportunities.

At the corporate level, Boralex is adding Senior Vice President, Enterprise Risk Management and Corporate Social Responsibility (CSR) to its executive committee. This role focuses on risk monitoring in a dynamic and increasingly complex energy environment. It demonstrates Boralex’s willingness to take advantage of business opportunities with greater confidence and resilience, and ensures the implementation of Boralex’s overall CSR strategy.

The company is adding a senior vice president, corporate strategy and business execution to its executive committee. This role aims to execute the business strategy over time and maintain Boralex’s strong reputation as we regionalize the Boralex business model. This new role will also focus on leading Boralex’s overall performance.

“It is important for Boralex to be able to rely on a strong and efficient management model to ensure that our strategic goals are met and to take advantage of the growing opportunities in the renewable energy sector. These changes will allow us to be more responsive to the unique realities of our regional markets. We will also be able to make faster informed decisions, strengthen our competitive strengths, best We can make opportunities and contribute our best to the next energy transition.

Hughes Girardin appointed executive vice president and general manager of North America

Previously Vice President, Development, Hugh Girardin has been appointed Executive Vice President and General Manager of North America. During his 30 years with Boralex, he has contributed to the company’s success by leveraging his extensive knowledge and experience in the North American energy industry. He used his expertise across development and operations teams to lead the largest projects in Boralex’s history, including the Seigneurie de Biapre wind farm, one of the largest wind farms in North America, and orchestrated the company’s first operation in the United States. States

Julie Cusson appointed Senior Vice President, Enterprise Risk Management and CSR

Julie Cusson has been Vice President of Public and Corporate Affairs at Boralex for the past two years. In the year She joined the company in 2016 and has over 20 years of experience in the energy, natural resources and manufacturing fields. Throughout her career, Julie Cusson has built world-class public affairs and communications teams with strategic focus and the ability to drive growth for the organization. Her training as an economist and diverse areas of interest have helped her lead several cross-cutting projects over the past few years, including the most recent launch of the Boralex Strategic Plan.

Pascal Laprise-Demers has been appointed as Senior Vice President, Corporate Strategy and Business Execution.

Pascal Laprise-Demers has been appointed the company’s senior vice president, corporate strategy and business execution, effective today. He joined Boralex in January 2021 as an advisor to the president and CEO and led the development of the latest strategic plan. Pascal Laprise-Demers quickly distinguished himself with his strong analytical and strategic skills, his problem-solving skills and his approach to managing complex cross-functional projects. An engineer with a passion for energy, he spent six years at one of the world’s leading strategic consulting firms, where he served several key players in the renewable energy industry.

Isabelle Fontaine has been appointed Senior Vice President of Corporate Public Affairs and Communications

Isabelle Fontaine joined Boralex in November 2019 as Director of Government Affairs. Promoted to director, public affairs and communications in June 2020, she now succeeds Julie Cusson as the company’s senior vice president, corporate public affairs and communications. Isabelle Fontaine is a renowned strategist who has built her career developing and implementing strategic public affairs and government relations plans for national and international companies, particularly in the energy and natural resources sectors.

About Borax

At Boralex, we have been making affordable renewable energy accessible to everyone for over 30 years. As the market leader in Canada and France’s largest offshore wind producer, we have facilities in the United States and development projects in the United Kingdom. In the last five years, our installed capacity has more than doubled to 2.5 GW. Guided by our values ​​and Corporate Social Responsibility (CSR) approach, we are developing a portfolio of wind and solar projects of around 4 GW and over 200 MW of storage projects. Through profitable and sustainable growth, Boralex actively participates in the fight against global warming. Thanks to our fearlessness, education, expertise and diversity, we continue to be an industry leader. Boralex shares are listed on the Toronto Stock Exchange under the symbol BLX.

For more information, visit www.boralex.com or www.sedar.com. Follow us on Facebook, LinkedIn and Twitter.

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Source: Boralex Inc

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