Michael Sabia speaks to his new staff

Hydro’s new CEO has been working “six weeks”, assembly colleagues and getting acquainted together with his new job, regardless of solely formally taking workplace on August 1st.

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“I’ve realized rather a lot… Sufficient to comprehend that there’s nonetheless rather a lot to be taught!” writes the previous head of the Caisse de Depot et Placement du Québec. The latter says he’s “impressed by the dedication and memorable solidarity” of his new staff.

“There is no such thing as a doubt that we’re on the verge of main upheaval, however from what I’ve seen up to now we’re clearly poised to fulfill the challenges head on,” he wrote.

The brand new boss of crucial state-owned firm has a whole lot of work forward of him and is conscious of it. In his letter, Michael Sabia additionally lists his “5 most important priorities”:

· Present dependable, high-quality service to Hydro-Québec clients like essentially the most profitable firms.

· Reveal improvements to encourage its clients to think about electrical energy as a useful useful resource that deserves higher use;

· Establish and suggest the most effective initiatives that may enable the corporate to supply extra electrical energy to help its ambitions, whereas protecting an open thoughts to all choices;

· Growing new partnerships with Aboriginal communities in Quebec;

· Work to make Hydro-Québec an progressive and agile group.

Michael Sabia took the chance to thank Jean-Hugues Lafleur, who was performing on an interim foundation till his appointment.

Needless to say Hydro-Québec’s new boss will obtain an annual wage of $639,000, excluding efficiency bonuses.

He’ll change Sophie Brochu, who left on April 11 after three years on the helm of the state-owned firm. Final yr, Hydro-Québec paid a $3.4 billion dividend to the Quebec authorities.

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