Volarex Co., Ltd.

Volarex Co., Ltd.

MONTREAL, Oct. 28, 2022 (GLOBE NEWSWIRE) — Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is agile, fast-growing environment in key markets. The company is also announcing new appointments to its Executive Committee to support the ambitious goals of its 2025 Strategic Plan.

Boralex employs a geographic management model. The company has established a business unit in North America in addition to its existing business unit in Europe, now formally headed by the Vice President and General Manager of Europe. Regional business units integrate organic development, public relations, human resources, construction, asset management, operational finance and accounting, energy sales, and regional mergers and acquisitions operations. This is a natural evolution for Boralex and its past success is based on close cooperation within its business areas, in-depth understanding of market details and agility to seize business opportunities.

At the corporate level, Volarex has added a Senior Vice President, Enterprise Risk Management and Corporate Social Responsibility (CSR) to its Executive Committee. This role will focus on monitoring risk exposure in a changing and increasingly complex energy environment. This demonstrates Volarex’s willingness to seize business opportunities with greater confidence and resilience, and will ensure the implementation of Volarex’s overall CSR strategy.

The company has also added a Senior Vice President of Corporate Strategy and Performance to its Executive Committee. This role is aimed at maintaining Boralex’s strong reputation through timely execution of business strategy and localization of the business model. This new role will also focus on managing Volarex’s overall performance.

“For Volarex, it is important that we can rely on a rigorous and agile management model to ensure we meet our strategic objectives and seize growth opportunities in the renewable energy sector. You will be able to respond more proactively and get closer to the unique realities of your local market, make faster informed decisions, strengthen your competitive edge, act on the best opportunities, and stay ahead of ongoing energy challenges. We can make a maximum contribution to the transition.”

Hugues Girardin Named Executive Vice President and General Manager North America

Hugues Girardin, formerly Vice President of Development, has been appointed Vice President and General Manager of North America. During his 30 years at Boralex, he has leveraged his extensive knowledge and experience in the North American energy industry to contribute to the company’s success. Leveraging his expertise in various positions on the development and operations teams, he has been instrumental in his Boralex history, including his Seigneurie de Beaupré wind farm, one of the largest wind farms in North America. He has led some of the biggest projects and coordinated the company’s debut in the US. state.

Julie Cusson has been appointed Senior Vice President, Enterprise Risk Management and CSR.

Julie Cusson served as Vice President of Public Relations and Corporate Affairs for Boralex for the past two years. She joined the company in 2016. She has over 20 years of experience in the energy, resources and manufacturing sectors. Throughout her career, Julie Kasson has built a world-class public relations and communications team known for her strategic acumen and ability to generate growth for her organization. Her economist training and diverse areas of interest have helped her lead several cross-functional projects over the past few years, most recently including the internal deployment of Boralex’s strategic plan.

Pascal Laprise-Demers has been appointed Senior Vice President of Corporate Strategy and Performance.

Pascal Laprise-Demers has been appointed Senior Vice President of Corporate Strategy and Performance, effective today. He joined Boralex as Advisor to his President and CEO in January 2021 to lead the development of the latest strategic plan. Pascal Laprise-Demers quickly distinguished himself with his strong analytical and strategic skills, problem-solving abilities and approach to leading complex cross-functional projects. As an engineer with a passion for energy, he spent six years with one of the world’s leading strategic consulting firms, where he held several key figures in the renewable energy industry.

Isabelle Fontaine Named Senior Vice President, Corporate Public Affairs & Communications

Isabelle Fontaine joined Boralex in November 2019 as Director of Government Affairs. She was quickly promoted to Director of Public Relations and Communications in June 2020, succeeding Julie Casson as the Company’s Senior Vice President of Public Relations and Communications. Isabelle Fontaine is a renowned strategist who has made a career out of developing and implementing strategic public relations and government relations plans for domestic and international companies, particularly in the energy and natural resources sectors.

About Volarex

For over 30 years, Boralex has made affordable, renewable energy accessible to everyone. As a market leader in Canada and the largest independent onshore wind farm in France, we also have facilities in the US and development projects in the UK. Over the last five years, our installed capacity has more than doubled to 2.5 GW. Building on our values ​​and corporate social responsibility (CSR) approach, we have developed a portfolio of nearly 4 GW of wind and solar projects and over 200 MW of storage projects. Through profitable and sustainable growth, Volarex is actively participating in the fight against global warming. Our fearlessness, discipline, expertise and diversity continue to lead our industry. Boralex shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

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Source: Boralex Inc.

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