Calgary-based TC Energy Corp. announced May 17 that Don Marchand, executive vice president of strategy and corporate development and chief financial officer, will retire on Nov. 1. However, he will be stepping down as CFO on July 31.
Joel Hunter, currently senior vice president, capital markets, will succeed Marchand as executive vice president and CFO. Marchand will assist Hunter with the transition from August through November.
“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,” said François Poirier, president and CEO. “He is an experienced and highly principled leader I deeply respect and have enjoyed the opportunity to have worked alongside him over many years. Don leaves behind a tremendous legacy and we thank him for that.”
Over his distinguished 27-year career, Marchand led many of TC Energy’s financial functions including treasury, finance, accounting, taxation, risk management and investor relations, as well as strategy and corporate development.
Hunter has been with TC Energy for 24 years and has been a member of the company’s executive leadership team since Jan. 1 in preparation for this transition. During his time with the organization, Hunter has held progressively more senior roles, overseeing finance, treasury, investor relations, corporate planning and evaluations, and trading and financial risk. Over his career, Hunter has contributed greatly to the company’s success in raising capital, executing on key initiatives and navigating major market events and industry shifts.
“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,” said Poirier. “He consistently demonstrates our values, is a strong leader and communicator, with deep credentials and an innovative mindset. 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.”
Bevin Wirzba, executive vice president and president of liquids pipelines will assume executive leadership for TC Energy’s strategy and corporate development activities, in addition to his current role, effective June 1.