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MONTREAL - Renewable energy company Boralex Inc. (TSX:BLX), currently trading near its 52-week high at $41.84 and boasting a market capitalization of $1.54 billion, has appointed Robin Deveaux as Executive Vice President and General Manager for North America, according to a press release statement issued Thursday.
Deveaux, who previously served as Senior Vice President of Finance and Asset Management for North America at Boralex, will succeed Hugues Girardin, who is set to retire on December 31, 2025. Girardin will remain with the company as a Transition Advisor to senior management until his retirement. According to InvestingPro, the company has demonstrated strong financial performance with a 51.35% return over the past year and maintains an attractive P/E ratio of 7.39.
The incoming executive brings over 20 years of experience in renewable energy and professional services sectors. Since joining Boralex, Deveaux has held positions including Vice President of Finance before his most recent role.
"I am honoured by the trust placed in me, and I approach this new challenge with a great deal of humility," Deveaux said in the announcement.
Girardin concludes a 34-year career during which he contributed to developing, building, and promoting the company’s assets. He focused on strengthening community engagement and creating value for investors and stakeholders.
Patrick Decostre, President and CEO of Boralex, thanked Girardin for his contributions and congratulated Deveaux on the appointment.
Boralex, which describes itself as a leader in the Canadian market and France’s largest independent producer of onshore wind power, reports an installed capacity of 3.2 GW. The company also maintains facilities in the United States and development projects in the United Kingdom. With a 13.37% revenue growth and a notable 5.98% dividend yield, supported by 22 consecutive years of dividend payments, the company has established a strong track record of shareholder returns. InvestingPro subscribers can access 11 additional key insights about Boralex’s financial health and growth prospects.
The leadership change comes as the company prepares to unveil its 2030 Strategy.
In other recent news, Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) has declared a quarterly cash dividend of $0.625 per share for the first quarter of 2025. The dividend is set to be paid on June 3, 2025, to shareholders of record as of May 16, 2025. This announcement comes after Bladex disclosed its share count, which stands at 37,154,366.86 shares outstanding as of March 31, 2025. In addition, Bladex and Silver Birch Finance have formed a strategic alliance to enhance working capital financing for businesses across Latin America. This collaboration aims to address the shortfall in foreign trade financing by offering innovative and flexible financial products. The partnership has already implemented financing programs in several countries, including Colombia, Guatemala, and Mexico. Both Bladex and Silver Birch emphasize the importance of accessible financing that aligns with the operational realities of businesses in the region. These recent developments reflect Bladex’s commitment to supporting economic growth and providing value to its shareholders.
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