Don Marchand to retire as Chief Financial Officer (CFO)
May 17 2021 - 7:30AM
TC Energy Corporation (TSX, NYSE:TRP) (TC Energy or the Company)
today announced that Don Marchand, Executive Vice-President,
Strategy & Corporate Development and Chief Financial Officer
(CFO), will retire from the Company on November 1, 2021, stepping
down as CFO July 31, 2021. Joel Hunter, currently Senior
Vice-President, Capital Markets, will succeed Mr. Marchand as
Executive Vice-President and CFO. Mr. Marchand will assist Mr.
Hunter with the transition from August through to November.
“As a longstanding member of our senior management team, Don has
had a significant impact on our Company's strategic direction,
growth and financial strength. He is an experienced and highly
principled leader I deeply respect and have enjoyed the opportunity
to have worked alongside him over many years. Don leaves behind a
tremendous legacy and we thank him for that,” said François
Poirier, President and Chief Executive Officer.
Over his distinguished 27 year career, Mr. Marchand led many of
TC Energy’s financial functions including treasury, finance,
accounting, taxation, risk management and investor relations, as
well as strategy and corporate development.
Mr. Hunter has been with TC Energy for 24 years and has been a
member of the Executive Leadership Team since January 1, 2021, in
preparation for this transition. During his time with the
organization, Mr. Hunter has held progressively more senior roles,
overseeing finance, treasury, investor relations, corporate
planning and evaluations, and trading and financial risk. Over his
career, Mr. Hunter has contributed greatly to the Company's success
in raising capital, executing on key initiatives, and navigating
major market events and industry shifts.
“I have had the opportunity to work with Joel over the past
seven years and am confident he is the right person to lead our
next era of financial management and growth. He consistently
demonstrates our values, is a strong leader and communicator, with
deep credentials and an innovative mindset. I am confident he will
maintain a disciplined approach to our financial strength, risk
management and capital allocation as we continue to execute on our
vision to be North America’s premier energy infrastructure company,
now and in the future,” said Poirier.
Bevin Wirzba, Executive Vice-President and President
Liquids Pipelines will assume executive leadership for TC
Energy’s Strategy and Corporate Development activities, in addition
to his current role, effective June 1, 2021.
About TC EnergyWe are a vital part of everyday
life - delivering the energy millions of people rely on to power
their lives in a sustainable way. Thanks to a safe, reliable
network of natural gas and crude oil pipelines, along with power
generation and storage facilities, wherever life happens — we’re
there. Guided by our core values of safety, responsibility,
collaboration and integrity, our 7,500 people make a positive
difference in the communities where we operate across Canada, the
U.S. and Mexico.
TC Energy’s common shares trade on the Toronto (TSX) and New
York (NYSE) stock exchanges under the symbol TRP. To learn more,
visit us at TCEnergy.com.
FORWARD-LOOKING INFORMATIONThis release
contains certain information that is forward-looking and is subject
to important risks and uncertainties (such statements are usually
accompanied by words such as "anticipate", "expect", "believe",
"may", "will", "should", "estimate", "intend" or other similar
words). Forward-looking statements in this document are intended to
provide TC Energy security holders and potential investors with
information regarding TC Energy and its subsidiaries, including
management's assessment of TC Energy's and its subsidiaries' future
plans and financial outlook. All forward-looking statements reflect
TC Energy's beliefs and assumptions based on information available
at the time the statements were made and as such are not guarantees
of future performance. As actual results could vary significantly
from the forward-looking information, you should not put undue
reliance on forward-looking information and should not use
future-oriented information or financial outlooks for anything
other than their intended purpose. We do not update our
forward-looking information due to new information or future
events, unless we are required to by law. For additional
information on the assumptions made, and the risks and
uncertainties which could cause actual results to differ from the
anticipated results, refer to the most recent Quarterly Report to
Shareholders and Annual Report filed under TC Energy’s profile on
SEDAR at www.sedar.com and with the U.S. Securities and Exchange
Commission at www.sec.gov.
Media Inquiries:Jaimie Harding / Suzanne
Wilton403-920-7859 or 800-608-7859
Investor & Analyst Inquiries:David Moneta /
Hunter Mau403-920-7911 or 800-361-6522
PDF
available: http://ml.globenewswire.com/Resource/Download/a0eb29b9-2261-4d17-a79a-c37a87c7dab4
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