Methanex appoints former TC Energy CFO Don Marchand to board

Published 25/11/2025, 23:06
Methanex appoints former TC Energy CFO Don Marchand to board

VANCOUVER - Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced Tuesday the appointment of Don Marchand to its Board of Directors effective December 1, 2025. The methanol producer currently trades at $35.02, with a market capitalization of $2.7 billion.

Marchand brings nearly four decades of experience in finance and energy infrastructure to the methanol producer’s board. He previously served as Executive Vice President and Chief Financial Officer at TC Energy (formerly TransCanada Corporation) from 2010 until his retirement in 2021, where he also held responsibility for Strategy and Corporate Development for three years during his tenure.

Prior to his CFO role, Marchand held positions of increasing responsibility at TC Energy since 1994. He holds a Bachelor of Commerce from the University of Manitoba and is qualified as a Chartered Accountant and Chartered Financial Analyst.

Marchand is a member of the Institute of Chartered Professional Accountants of Alberta, the CFA Institute, and the Calgary Society of Financial Analysts. He currently serves as a director of Fortis Inc.

"His broad executive expertise across core financial functions and deep knowledge of the North American energy sector will be strong assets to our Board," said Doug Arnell, Methanex’s Chair of the Board, in a press release statement.

Methanex, based in Vancouver, describes itself as the world’s largest supplier of methanol globally. The company’s shares are listed on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq Global Select Market under the symbol "MEOH." According to InvestingPro data, Methanex trades at a P/E ratio of 11.7 and offers a dividend yield of 2.14%. The company has maintained dividend payments for 24 consecutive years and currently appears undervalued based on Fair Value estimates. With a free cash flow yield of 34% and an overall financial health score rated as "GOOD," Methanex demonstrates solid fundamentals despite its YTD price decline of nearly 30%. Analysts have set a consensus target suggesting significant upside potential from current levels.For investors seeking deeper insights, InvestingPro offers additional analysis on Methanex, including 8 Pro Tips and a comprehensive Pro Research Report available for this stock.

In other recent news, Methanex Corporation has declared a quarterly dividend of $0.185 per share, which will be paid to shareholders on December 31, 2025. JPMorgan has upgraded Methanex’s stock rating from Neutral to Overweight, citing strong free cash flow generation and attractive valuation metrics. The investment bank anticipates Methanex will generate free cash flow of approximately $4.20 per share in 2026, and plans to use this to reduce financial leverage. Additionally, National Bank Financial has initiated coverage on Methanex with an Outperform rating and set a price target of $47.00. Methanex has also announced new strategic partnerships to expand its methanol bunkering operations in Europe and Asia. The company is collaborating with TankMatch in the Amsterdam-Rotterdam-Antwerp region to offer barge-to-ship methanol bunkering services. This development builds on a previous operation Methanex acquired through its purchase of OCI. These recent developments reflect Methanex’s ongoing efforts to strengthen its market position and financial performance.

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