Don Marchand, executive vice-president, strategy and corporate development and CFO, will step down as CFO on July 31 and retire from TC Energy on Nov. 1, 2021. (Source: TC Energy Corp.)
TC Energy Corp. on May 17 announced the retirement of its longstanding CFO, Don Marchand, and the appointment of Joel Hunter as his successor.
“As a longstanding member of our senior management team, Don has had a significant impact on our company’s strategic direction, growth and financial strength,” François Poirier, president and CEO of the North American pipeline operator, said in a statement.
Throughout his 27-year career with Calgary, Alberta-based TC Energy, Marchand has led many of the company’s financial functions including treasury, finance, accounting, taxation, risk management and investor relations, as well as strategy and corporate development. He has held the role of CFO at TC Energy since 2010 and currently also serves as executive vice-president, strategy and corporate development.
“He is an experienced and highly principled leader I deeply respect and have enjoyed the opportunity to have worked alongside him over many years,” Poirier continued in his statement. “Don leaves behind a tremendous legacy and we thank him for that.”
Marchand is set to retire from TC Energy on Nov. 1, 2021 and, prior to that, will step down as CFO by the end of July. He will assist Hunter, his successor, with the transition from August through to November.
Hunter has been with TC Energy for 24 years. He joined the executive leadership team in January as senior vice president of capital markets in preparation for this transition, according to the company release.
“I have had the opportunity to work with Joel over the past seven years and am confident he is the right person to lead our next era of financial management and growth,” Poirier commented in a statement. “He consistently demonstrates our values, is a strong leader and communicator, with deep credentials and an innovative mindset.”
Over his career, Hunter has contributed greatly to TC Energy’s success in raising capital, executing on key initiatives, and navigating major market events and industry shifts, according to the company release, and has held progressively more senior roles at the company, overseeing finance, treasury, investor relations, corporate planning and evaluations, and trading and financial risk.
“I am confident he will maintain a disciplined approach to our financial strength, risk management and capital allocation as we continue to execute on our vision to be North America’s premier energy infrastructure company, now and in the future,” Poirier added in his statement.
Hunter’s appointment as CFO is effective Aug. 1. TC Energy also said Bevin Wirzba, executive vice-president and president liquids pipelines, will assume executive leadership for TC Energy’s strategy and corporate development activities, in addition to his current role, effective June 1.
Operating across Canada, the U.S. and Mexico, TC Energy is the owner of the largest natural gas pipeline network in North America. The company also operates the Keystone XL oil pipeline and, last month, announced plans to explore opportunities to invest in renewable energy.
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