Management team: Deeply committed to the future

Michael Sabia
President and Chief Executive Officer

Michael Sabia is the President and CEO of Hydro‑Québec. He served as the Deputy Minister of the Department of Finance Canada from 2020 to 2023. He is also the former Director of the Munk School of Global Affairs & Public Policy at the University of Toronto.

From March 2009 to January 2020, Mr. Sabia served as President and CEO of the Caisse de dépôt et placement du Québec (CDPQ), where he oversaw the strategic direction of CDPQ and the global growth of the organization.

Before joining CDPQ, Mr. Sabia held senior positions with BCE, including President and CEO. From 1993 to 1999, he was a senior executive with Canadian National Railway, where he became Chief Financial Officer. Mr. Sabia spent the preceding decade working as a senior official in the Government of Canada, as the Deputy Secretary to the Cabinet and in senior positions in the Department of Finance.

Mr. Sabia has been Chair of the Board of the Canada Infrastructure Bank. He was also a member of the Canadian Government’s Advisory Council on Economic Growth. Mr. Sabia serves on the Mastercard Foundation Board of Directors.

Mr. Sabia is an Officer of the Order of Canada. He obtained a BA in Economics and Politics from the University of Toronto and an M. Phil. in Economics and Politics from Yale University.

Maxime Aucoin
Executive Vice President and Chief Financial Officer

Maxime Aucoin joined Hydro‑Québec in fall 2023 and serves as Executive Vice President and Chief Financial Officer. In this role, he oversees finance, energy planning and strategy, wind power development, procurement, research and development, and energy trading.

Mr. Aucoin has over 25 years of experience in finance and strategy. Prior to joining Hydro‑Québec, he was Executive Vice‑President, Depositors and Total Portfolio at Caisse de dépôt et placement du Québec (CDPQ), where he was in charge of asset allocation, economic and financial analysis, and global strategy. Before joining CDPQ in 2012, he worked for McKinsey & Company management consulting and Cirque du Soleil.

Mr. Aucoin holds a bachelor's degree in finance from HEC Montréal, an MBA from Harvard Business School and a CFA (Chartered Financial Analyst) designation. He sits on the board of the Orchestre symphonique de Montréal.

Claudine Bouchard
Executive Vice President and Chief Operating and Infrastructure Officer, Hydro‑Québec
President and Chief Executive Officer, Société d’énergie de la Baie James

Claudine Bouchard was appointed Executive Vice President and Chief Operating and Infrastructure Officer at Hydro‑Québec in 2023. In this capacity, she oversees the development of an increasingly smart and interactive energy system designed to provide high‑quality electricity service in keeping with customers’ needs. She is also tasked with making the grid more resilient to extreme weather events.

Also serving as President and Chief Executive Officer of Société d’énergie de la Baie James (SEBJ), Ms. Bouchard is responsible for Hydro‑Québec’s highly diversified infrastructure and assets, including 88 generating stations, 539 substations, some 264,000 km of transmission and distribution lines, 2,600 km of roads, 375 bridges, 5 airports and more than 350 buildings with a total replacement cost of some $350 billion. She manages a capital program that will increase from $6 billion in 2024 to $14 billion in 2029, as well as the company’s refurbishment and expansion projects. Her teams provide the expertise and technical support needed to carry out both current and future projects, while also optimizing work methods and processes related to environmental management and occupational health and safety. The progress achieved in this regard by Hydro‑Québec—which ranks among the largest contractors in Québec—has led to a 26% reduction in the company’s workplace accident frequency rate over the past two years, making it six times lower than that of the Québec construction industry.

Ms. Bouchard is the first woman in Québec to graduate from Harvard Business School’s Advanced Management Program. She also holds a Bachelor of Science from Université de Montréal and an MBA from Université du Québec à Montréal and Université du Québec à Chicoutimi, as well as a Masters Certificate in Marketing Communications Leadership from York University.

Certified by the Collège des administrateurs de sociétés, she serves on the board of the Fédération des chambres de commerce du Québec (FCCQ). In addition, she is a member of the FCCQ’s executive committee, chairs the organization’s human resources committee, sits on the urban forestry leaders committee set up by the Société de verdissement du Montréal métropolitain (Soverdi) and has led Hydro-Québec’s Centraide Leadership campaign since 2018. Moreover, she volunteers as a leader of the A Effect and as an ambassador in the Women’s Leadership Program of the Chambre de commerce et d’industrie Saguenay‑Le Fjord.

In October 2021, Ms. Bouchard received the prestigious Woman of WaterPower Award from Women in Renewable Energy (WiRE) and WaterPower Canada (WPC) in recognition of her contribution to the Canadian hydropower industry and the advancement of women in the renewable energy sector. In December 2024, she was awarded the King Charles III Coronation Medal, bestowed on Canadians having demonstrated dedication and commitment to the well-being of society.

Graham Fox
Vice‑President – Public Affairs, External Relations and Communications

Graham Fox was appointed Vice President – Public Affairs, External Relations and Communications in March 2024. In this capacity, he is tasked with ensuring open and constructive communications with the general public and Hydro‑Québec stakeholders, including governments, while also maintaining privileged relations with local communities.

Prior to joining Hydro‑Québec, Mr. Fox was a managing principal at Navigator, a leading strategy and public relations firm, and Executive Chairman of the Canadian Centre for the Purpose of the Corporation. Previously, he served as President and Chief Executive Officer of the Institute for Research on Public Policy (2011–2021) and as a strategic policy adviser at the law firm Fraser Milner Casgrain (2007–2011). Through the experience he gained in these positions and others in the field of public policy, he acquired solid expertise in issues management and government relations.

Mr. Fox holds a bachelor’s degree in history from Queen’s University and a master’s degree in political science from the London School of Economics and Political Science. He is a member of the Board of Advisors of the School of Policy Studies at Queen’s University and an interviewer for the McCall MacBain Foundation’s selection committee. He also sits on the boards of Le Gesù – Centre de créativité, a creative arts space in Montréal, the Montreal Council on Foreign Relations (CORIM) and the Parliamentary Centre, one of Canada’s foremost non-partisan, non-governmental organizations dedicated to supporting inclusive and accountable democratic institutions around the world.

Mathieu Johnson
Senior Vice President – Wind Power, R&D and Energy Trading

Mathieu Johnson was appointed Senior Vice President — Wind Power, R&D and Energy Trading in 2024. As such, he oversees the development of Hydro‑Québec’s wind power development program, which represents investments of some $30 billion. In addition, he is tasked with implementing changes in the company’s regulatory framework and developing R&D and innovation initiatives. He is also responsible for energy transactions on wholesale markets.

Mr. Johnson joined Hydro‑Québec in 2020 and became Vice President — Strategy, Corporate Evolution and Development in 2022. Among other achievements, he spearheaded the development of Hydro‑Québec’s Strategic Plan 2022–2026 and Action Plan 2035 — Towards a Decarbonized and Prosperous Québec. He also oversaw the evolution to One Hydro.

Previously, Mr. Johnson was Director of Renewable Gas Strategy and Development at Énergir, a diversified company operating in the energy industry. In collaboration with private‑ and public‑sector partners, his team played a key role in developing the renewable natural gas sector in Québec, particularly agricultural biogas. Earlier in his career, he worked as a strategy consultant with KPMG and Roland Berger, both in Canada and abroad.

Mr. Johnson holds a Bachelor of Business Administration degree in finance from HEC Montréal. He serves as Chairman of the Board of Great River Hydro, based in New England, and sits on the boards of Electricity Canada and the documentary theatre company Porte Parole. He is also involved with Centraide of Greater Montreal as a member of its campaign cabinet’s Industry and Transportation sectorial committee.

Jean‑Hugues Lafleur
Strategic advisor

Domenica Maciocia
Senior Vice President – ​​Talent and Organizational Development

Domenica Maciocia was appointed Senior Vice President – Talent and Organizational Development in April 2024. In this role, she is charged with attracting and retaining top talent, enabling their skills development, and driving the transformation of the organizational culture and work methods to position Hydro‑Québec as an agile and innovative company. She is also continuing to build an inclusive and engaging workplace, as well as ensuring the safety and security of Hydro‑Québec’s facilities, people and revenues.

An accomplished executive, Ms. Maciocia brings a wealth of expertise in organizational, operational and digital transformations. She has previously held several key leadership roles at Bell Canada, including Vice President of Client Operations (2006–2009), Vice President of Operational Transformation, Consumer Markets (2010–2013), Vice President of Sales and Services, Small Business (2014–2016) and Senior Vice President, Bell Business Markets (2016–2023). Throughout her career, she has been a pivotal force in championing an inclusive culture and building high-performing teams that are committed to understanding and exceeding customer expectations.

Ms. Maciocia holds a Bachelor of Education degree from McGill University and has completed advanced executive programs at the Institute for Executives at McGill University, the Rotman School of Business at the University of Toronto, Harvard Business School and INSEAD. She also participated in a leadership development program for women organized by the International Women’s Forum (IWF) Leadership Foundation.

Bruno Marcil
Vice President – Internal Audit

Bruno Marcil took office as Vice President – Internal Audit at Hydro‑Québec in October 2021. His team is responsible for evaluating the effectiveness of key management, control and governance practices in order to ensure the reliability and integrity of financial and operational information, the safeguarding of assets, as well as compliance with applicable laws and regulations and the company’s contractual commitments. It also oversees initiatives aimed at ensuring optimal efficiency and use of resources, placing particular emphasis on innovation, state-of-the-art technologies and risk management.

Mr. Marcil has some 30 years of experience in auditing, during which he acquired a solid background in several areas, including finance, information technologies and cybersecurity, operations, and risk management. Before joining Hydro‑Québec, he served as Corporate Vice-President – Internal Auditing and Enterprise Risk Management at Loto‑Québec. Prior to that, he held management positions in several other public- and private-sector companies, including WSP, GoSecure, the Caisse de dépôt et placement du Québec and the Ville de Montréal.

Mr. Marcil earned a Bachelor of Business Administration degree from HEC Montréal and is a member of the Ordre des comptables professionnels agréés du Québec (CPA, CA, CA-IT), where he served on the working group on internal audit for many years. He holds several professional certifications—CISA (Certified Information Systems Auditor), CISM (Certified Information Security Manager) and CRISC (Certified in Risk and Information Systems Control) from ISACA, CRMA^® (Certification in Risk Management Assurance^®) from the Institute of Internal Auditors, and CITP (Certified Information Technology Professional) from the American Institute of CPAs— and is currently enrolled in the certification program of the Collège des administrateurs de sociétés.

Mr. Marcil cofounded a collaborative group on data analysis and has served as a meeting organizer for this group for the past 10 years. He occasionally takes part in various other professional activities as a speaker or moderator and also played an active role in creating the graduate program in governance, auditing and IT security at the Université de Sherbrooke, where he went on to become a lecturer.

Jean-François Morin
Vice President – Digital Technologies

Jean-François Morin was appointed Vice President – Digital Technologies at Hydro‑Québec in June 2022, after having served as Vice President – Information and Communications Technologies (ITC) from 2021 to 2022. In this capacity, he spearheads the company’s ongoing digital shift, sees to the security of its systems and networks, and ensures that it has the technological and digital means to successfully carry out its business operations.

Mr. Morin has over 20 years of IT experience at Hydro‑Québec. After overseeing the development and operation of the infrastructure, systems and applications supporting the company’s financial activities as Director – Information Technology (Finance) from 2014 to 2016, he went on to manage the ITC portfolios and the rollout of innovative, efficient and agile solutions for other business units as Director – ITC Business Relations (Corporate Units), then as Director – ITC Innovation System Solutions. Promoted Senior Director in 2016, he assumed responsibility for building the foundations to support the company’s digital transformation, such as collaborative and analytical tools, as well as implementing optimized or custom solutions for managing maintenance functions, user identity and access, and accounts payable, for example.

Over the years, teams under his supervision won prestigious OCTAS awards from Réseau Action TI for an analytical solution to detect energy theft (2018), a digital customer solution related to Hydro‑Québec’s dynamic pricing offers (2021), the deployment of an analysis and predictive maintenance center for generating equipment (2021) and an integrated vegetation management system (2022).

Mr. Morin holds a bachelor’s degree in computer science from Université du Québec à Montréal and a bachelor’s degree in business administration with a major in finance from Université de Sherbrooke.

Dave Rhéaume
Executive Vice President – Commercial Activities and Chief Customer Officer

Dave Rhéaume was appointed Executive Vice President – Commercial Activities and Chief Customer Officer in 2024. In this capacity, he is responsible for ensuring that Hydro‑Québec’s customers are at the heart of its actions, and as such, is in charge of the customer experience, electricity rates planning and operational excellence. He also oversees activities related to energy efficiency, which is key to attaining the Québec government’s decarbonization and economic development goals.

Mr. Rhéaume became Vice President – Energy Planning and Customer Experience in 2023 after serving as Vice President – Integrated Energy Needs Planning and Risk Management from 2022 to 2023. From 2009 to 2018, he worked for Énergir, where he helped set up the renewable natural gas market and contributed to the company’s involvement in the Québec carbon market.

Mr. Rhéaume holds a bachelor’s degree in economics and political science from Université de Montréal and a master’s in economics from Université Laval. He has been serving on the board of Théâtre du Nouveau Monde since 2023 and has also sat on the boards of various Canadian and American energy companies. In addition, he has mentored newcomers as part of a program run by the Chamber of Commerce of Metropolitan Montreal.