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TC Energy chief executive Russ Girling to retire at the end of the year

Last Updated Sep 21, 2020 at 10:23 am MDT

TransCanada Corp. president and CEO Russ Girling addresses the company's annual meeting in Calgary, Friday, April 27, 2018. The CEO of TC Energy Corp. says it is developing a plan to guard against the spread of the COVID-19 virus as it moves ahead with site preparation and planning for the US$8-billion Keystone XL Pipeline project. THE CANADIAN PRESS/Jeff McIntosh

CALGARY — TC Energy Corp. says chief executive Russ Girling will retire at the end of this year.

The pipeline company says he will be replaced by chief operating officer Francois Poirier who will be promoted to the top job on Jan. 1, 2021.

Poirier will join the company’s board of directors at the same time.

Girling, who has been CEO since 2010, has led the company formerly known as TransCanada Corp. through a period of growth and transformation as well as its attempt to build the Keystone XL pipeline expansion.

TC Energy announced earlier this year it would go ahead with the controversial project after the Alberta government agreed to invest and provide a loan guarantee to jump start the work.

Girling is expected to help Poirier with the transition through Feb. 28.

This report by The Canadian Press was first published Sept. 21, 2020.

Companies in this story: (TSX:TRP)

The Canadian Press