Boralex CFO Bruno Guilmette To Depart After 7 Years

Boralex Inc. (BLX) said on Friday that its Chief Financial Officer, Bruno Guilmette, is set to depart from the firm after accepting a new professional opportunity, following nearly seven years with the Canadian company.

Guilmette will remain as the CFO until Sept. 12, 2025, to ensure a smooth transition, Boralex said.

The company said Stéphane Milot, vice president of investor relations and financial planning & analysis, will assume the role of the CFO in the interim, starting Sept. 13, 2025. Retail sentiment on Boralex remained unchanged in the ‘neutral’ territory, with chatter at ‘extremely low’ levels, according to data from Stocktwits.

Boralex said Guilmette has played a key role in the company’s financial growth over the past six years. Under his leadership, the company completed several transactions, including the sale to Energy Infrastructure Partners of a 30% stake in Boralex’s operating assets and development projects in France.

The recruitment process to permanently fill the position is currently underway, Boralex said. The company added that both internal and external candidates will be considered.

Separately, the company also reported its second-quarter results and noted that production jumped 14% from a year ago, driven by the strong performance of operating assets in North America and the contribution of newly commissioned sites in Europe.

It, however, said production was 2% below the anticipated production estimate due to poor wind conditions in Europe and the United States. Boralex stock has jumped 2% so far this year but has declined over 4% in the last 12 months.

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