TC Energy’s Girling to retire at year end, New CEO named

Russ Girling Image: TC Energy Corporation

TC Energy Corporation’s chief executive officer and president Russ Girling is stepping down after 10 years at the helm.

Girling will also retire from its board of directors effective Dec. 31, 2020.

Chief operating officer François Poirier, who is also TC Energy's president for power and storage and Mexican operations, will succeed Girling as president and chief executive officer and join the board on January 1, 2021.

 “It has been a privilege and honour to lead TC Energy over the past 10 years and to be part of the extraordinary TC team,” said Girling. “With the wisdom and guidance of the Board and the skills and tenacity of our dedicated employees, we have accomplished many things, delivered the energy critical to millions of people safely and reliably every day, and created significant shareholder value. I am grateful for the opportunity and confident in how the company is positioned to prosper as global demand for energy continues to grow and transition in the years ahead.”

Poirier was executive vice-president, strategy and corporate development and the company’s chief risk officer from 2017 to 2019. In this role he had overall responsibility for corporate strategy, mergers and acquisitions, divestitures, enterprise risk management.

Poirier was responsible for the origination, structuring and negotiation of the acquisition of the Columbia Pipeline Group as senior vice-president, strategy and corporate development in 2016.

Poirier joined the company in 2014 as president, Energy East Pipeline. Before joining TC Energy, he spent close to 25 years in investment banking, where he ran JP Morgan’s North American power and pipeline investment banking business in New York and more recently, as founding president of Wells Fargo Securities Canada. During his career he advised TC Energy on matters of strategy, mergers and acquisitions and transaction execution on several occasions.