- After 10 years at the helm, Russ Girling will stand down as President and CEO of TC Energy (TRP), effective December 31, 2020
- He will be succeeded by François Poirier, who currently serves as COO and President of Power & Storage and Mexico
- In his time as President and CEO, Russ oversaw the expansion of the company’s Mexican natural gas pipelines business and the C$17.26 billion acquisition of Columbia Pipeline Group
- Russ is expected to assist with François’s transition until February 28, 2021
- TC Energy (TRP) is currently down 2.75 per cent and is trading at $58.81 per share
After 10 years at the helm, Russ Girling will stand down as President and CEO of TC Energy (TRP), effective December 31, 2020.
The long-time chief of the North American energy giant will be succeeded by François Poirier, TC Energy’s current Chief Operating Officer and President of Power & Storage and Mexico, who will also join the company’s Board as of January 1, 2021.
Commenting on his appointment, François said he is grateful for Russ’s leadership, discipline and vision.
“The company’s strong foundation positions it very well for the future, and I’m excited to lead TC Energy to continued success,” he added.
Prior to joining TC Energy, François spent 25 years in investment banking and consulting. He previously acted as President and Head of Investment Banking and Capital Markets at Wells Fargo Securities Canada and, before that, Group Head of Power and Pipelines Investment Banking at JP Morgan Securities in New York.
He holds a Master of Business Administration from the Schulich School of Business at York University and graduated Magna Cum Laude with a Bachelor of Operations Research from the University of Ottawa.
Russ, who will assist with François’s transition until February 28 next year, said it had been a privilege and an honour to lead TC Energy over the last 10 years.
“With the wisdom and guidance of the Board and the skills and tenacity of our dedicated employees, we have accomplished many things, delivered the energy critical to millions of people safely and reliably every day, and created significant shareholder value.
“I am grateful for the opportunity and confident in how the company is positioned to prosper as global demand for energy continues to grow and transition in the years ahead,” he concluded.
In his time as President and CEO, Russ made a number of significant achievements, including the expansion of the company’s Mexican natural gas pipelines business and the C$17.26 billion acquisition of Columbia Pipeline Group.
TC Energy (TRP) is currently down 2.75 per cent and is trading at $58.81 per share at 10:12am EDT.
