SoFi CEO enters prepaid forward contract on 1.5 million shares
MONTREAL - Boralex Inc. (TSX:BLX), currently trading near its 52-week high of $43.24 with a market capitalization of $1.56 billion, announced Friday that Bruno Guilmette, Executive Vice President and Chief Financial Officer, will leave the company on September 12, 2025, after nearly seven years of service.
Stéphane Milot, current Vice President of Investor Relations and Financial Planning & Analysis, will serve as interim CFO starting September 13, according to the renewable energy company’s statement. Milot has worked with Boralex for over six years and has collaborated closely with Guilmette.
During Guilmette’s tenure, Boralex implemented its 2025 Strategic Plan, which saw the company double in size. He oversaw several transactions including the sale of a 30% stake in Boralex’s French assets to Energy Infrastructure Partners. The company’s strong execution has resulted in a remarkable 54.69% return over the past year, according to InvestingPro data, which offers comprehensive analysis and 12 additional key insights about Boralex’s performance.
"Bruno played a key role in reaching the financial targets of our 2025 Strategic Plan, entering a new market in Europe, closing numerous projects and financings," said Patrick Decostre, President and Chief Executive Officer of Boralex.
Boralex, which describes itself as the largest independent producer of onshore wind power in France and a leader in the Canadian market, reported that its installed capacity increased by more than 50% to 3.2 GW over the past five years. The company maintains an impressive track record of 22 consecutive years of dividend payments and boasts a GREAT financial health score, as analyzed in the detailed InvestingPro Research Report, available along with 1,400+ other comprehensive company analyses.
The company stated it has begun the recruitment process to permanently fill the CFO position, considering both internal and external candidates.
Boralex operates renewable energy facilities in Canada, France and the United States, with development projects also underway in the United Kingdom.
In other recent news, Boralex has appointed Robin Deveaux as the new Executive Vice President and General Manager for North America. Deveaux, who previously held the position of Senior Vice President of Finance and Asset Management for North America at Boralex, will take over from Hugues Girardin. Girardin will continue to work with the company as a Transition Advisor to senior management until his retirement at the end of 2025. Meanwhile, Bladex and Silver Birch Finance have formed a strategic alliance to boost working capital financing for businesses in Latin America. This partnership combines Bladex’s regional expertise with Silver Birch’s financial structuring capabilities to address the foreign trade financing gap in the region. The collaboration has already launched financing programs in several countries, including Colombia, Guatemala, and Mexico. These developments reflect ongoing efforts by both companies to strengthen their positions in their respective markets.
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