Alain Rhéaume Announces His Retirement as Chair of the Board of Directors of Boralex

Core Points - Boralex Inc. announced the upcoming retirement of its Board Chair, Mr. Alain Rhéaume, who will step down once a successor is appointed, no later than December 2025 [1][2] - The selection process for the new Chair will be overseen by the Board's Governance Committee, in line with the company's governance policies [2] - Mr. Rhéaume's retirement follows the release of Boralex's 2030 Strategy, which aims to guide the company's future direction [2][3] - Under Mr. Rhéaume's leadership, Boralex has made significant progress in its strategic directions and governance, which are crucial for stakeholders [3] - The company is well-positioned to capitalize on the strong growth in energy demand and the ongoing energy transition, presenting significant opportunities in the renewable energy sector [4] - Boralex has seen a renewal of its executive team, including the appointment of Patrick Decostre as President and CEO, and welcomed three new directors to enhance the Board's skills [8] - The company has achieved its objectives under the 2025 Strategic Plan and is set to continue its growth trajectory with the newly unveiled 2030 Strategy [8] - Boralex has increased its installed capacity by over 50% to 3.2 GW over the past five years and is developing a project portfolio exceeding 8 GW in wind, solar, and storage [10]