President and CEO of Innergex Renewable Energy, Michel Letellier, is leaving after nearly 3 decades with the group
He will remain on the Investment Committee and act as an advisor during the transition period
Chief Financial Officer Jean Trudel, who has been with the company since 2002, will take over as the new CEO
Michel Letellier, the long-serving President and CEO of Innergex Renewable Energy, is leaving the Canadian renewables firm after working in the group for nearly 30 years. He is being replaced by Chief Financial Officer (CFO) Jean Trudel with effect from March 13, 2026.
Letellier led Innergex for nearly 20 years (2007-2026) out of his 30-year tenure with the group. He will continue to serve on the Investment Committee. To ensure a smooth transition, the outgoing CEO will act as an advisor to the incoming CEO.
Innergex credits Letellier with ensuring sustained growth, expanding beyond Canada into the US, and also diversifying into the solar and battery energy storage system (BESS) space. Today, the group has a portfolio of over 4.4 GW DC/3.58 GW AC across 89 operating facilities spanning hydroelectric, wind, solar, and BESS projects. Innergex also has 11.75 GW of aggregate gross capacity at different stages of development.
Trudel has been working with Innergex since 2002, when he joined as Vice President-Corporate Development. Since 2022, he has been the group’s Chief Financial Officer (CFO) (see Innergex Changes Chief Financial Officer). He has experience in accounting, investment, finance, treasury, tax, internal audit, information, and operational technology domains.
“The challenges facing our industry are significant, and the clear mandate from the Board and our shareholders is focused on performance and value creation,” said Trudel. “I have no doubt that with our talented team of passionate women and men, we will continue to advance Innergex while respecting the human values that are dear to Michel and to everyone involved in the Innergex ecosystem.”
Canadian pension manager La Caisse (previously CDPQ) offered to acquire Innergex for CAD 10 billion all-cash in 2025. Its offer was approved by the latter’s shareholders, following which La Caisse finalized the privatization of Innergex in July 2025.