The
He is to be replaced as director and CEO by chief operating officer
Girling said in a statement it has been a "privilege and honour" to lead
“With the wisdom and guidance of the board and the skills and tenacity of our dedicated employees, we have accomplished many things, delivered the energy critical to millions of people safely and reliably every day, and created significant shareholder value," he said.
"I am grateful for the opportunity and confident in how the company is positioned to prosper as global demand for energy."
Girling's age was listed as 57 in the company's management information circular in February.
The timing is a surprise but the replacement isn't, said analyst
He pointed out that the company's stock has increased by more than 68 per cent since Girling was named CEO on
In
The Keystone XL pipeline expansion has been the most-watched TC project during Girling's tenure although it was first proposed before he became CEO, in 2008, when
In March, the company approved construction of the
Its future is still in doubt, however, as Democratic candidate
The growing difficulty of getting cross-border pipelines built was cited by analysts as part of the strategy when
The company, however, maintained it was due to its growing presence in
Girling has led the company through a "period of unprecedented growth and transformation" said TC chairman
"His discipline, integrity and strategic leadership have been instrumental in the success our company has enjoyed," he said.
TC said Girling and Poirier were not available for interviews on Monday.
Girling joined TransCanada in 1994 after holding marketing and management positions at
He held positions including chief operating officer, pipelines president, chief financial officer and executive vice-president, power, before becoming CEO.
Poirier joined the company in 2014 as president, Energy East Pipeline (a project cancelled in 2017), after about 25 years in investment banking.
Girling is expected to help Poirier with the transition through
This report by
Companies in this story: (TSX:TRP, TSX:SU)
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