Hydro-Québec’s President and CEO announces that he will be leaving the company on May 1, 2015

Hydro-Québec’s President and CEO, Thierry Vandal, today informed the company’s Chairman of the Board, Michael D. Penner, of his decision to resign from his position as member of the Board of Directors and as President and CEO of Hydro-Québec, effective May 1, 2015.

After more than 18 years in upper management at Hydro-Québec, including 10 as President and CEO, he wished to thank the company’s management team and employees for their high level of skill and professionalism.

He also underscored the support he received from Board members over the last 10 years.

“Mr. Vandal has made a remarkable contribution to Hydro-Québec’s development and reputation,” stated Mr.  Penner. “As soon as I joined the Board, I was struck by his in-depth knowledge of all the major issues faced by the company and by his undeniable qualities as a leader and an achiever. I extend my warm thanks to him for his efforts in ensuring that Hydro-Québec met the objectives set by the Board during the course of the past 10 years in his role as President and CEO.”

Mr. Vandal will remain in office until his departure on May 1 and will continue to be fully engaged in the company’s projects and initiatives.

Over the next few weeks, the Board of Directors and its Chairman will decide on the process leading to his replacement.