Hydro‑Québec’s management team is diversified and multidisciplinary. Its role consists of managing company operations and the associated risks. Its members are highly competent women and men, firmly committed to Hydro‑Québec.

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 – Strategy and Finance

Maxime Aucoin took office as Executive Vice President – Strategy and Finance in October 2023. In this capacity, he is tasked with working with the Québec government to develop a roadmap to guide the energy and economic transition. He is also responsible for overseeing strategic planning and resource allocation, as well as financial and risk management, in such a way as to maximize Hydro‑Québec’s contribution to the decarbonization of the Québec economy and the enhancement of collective prosperity.

Mr. Aucoin has over 20 years of experience in these areas. 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, among other things. 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 Fondation Tremplin Santé, whose Power Up program promotes the adoption of healthy habits by youths.

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 design and development of an increasingly smart and interactive energy system, integrating new technologies and variable renewable energy sources. Ms. Bouchard is also responsible for the operation and maintenance of the energy system as well as ensuring its resiliency in the face of increasingly extreme weather conditions. Also serving as President and Chief Executive Officer of Société d’énergie de la Baie James (SEBJ), she manages Hydro‑Québec’s assets and infrastructure, as well as refurbishment and expansion projects. Her teams provide the expertise and technical support needed to carry out today’s projects and define the requirements for tomorrow’s operations. They develop acquisition strategies that maximize spin-offs for the company and Québec society as a whole, and also optimize methods and processes with regard to occupational health and safety and environmental management regarding all of the company’s operations.

A seasoned manager known for her human leadership, Ms. Bouchard has over 20 years’ experience at Hydro‑Québec, where she has held positions of increasing responsibility in wide-ranging fields. In particular, she served as Executive Vice President, Chief Infrastructure and Energy System Officer, Executive Vice President – TransÉnergie and Construction, Chief Transformation Officer and Vice President – Strategic Procurement, Vice President – Corporate Transformation and Vice President – Distribution System.

Ms. Bouchard 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. She also completed a business negotiations program at Harvard. Certified by the Collège des administrateurs de sociétés, she sits on the boards of the New York–based Northeast Power Coordinating Council (NPCC) and 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, is a member of 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 L’Effet A 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.

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
Vice President – Strategy and Development

Mathieu Johnson was appointed Vice President – Strategy and Development in 2023. As such, he is responsible for the company’s strategies and evolution, business development, and energy transactions on wholesale markets, as well as innovation and R&D. He is also tasked with implementing changes in Hydro‑Québec’s regulatory framework. In addition, he oversees acquisition and valuation projects and manages the company’s investments.

Mr. Johnson joined Hydro‑Québec in 2020 as Senior Director – Corporate Strategy, Partnerships and Development 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, as well as the evolution to One Hydro, with a view to helping the company and Québec society carry out the energy transition in an optimal manner.

Previously, Mr. Johnson was Director of Renewable Gas Strategy and Development at Énergir. 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 and hydrogen. 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 sits on the boards of Electricity Canada and the documentary theater company Porte Parole.

Jean‑Hugues Lafleur
Executive Vice President and Chief Financial Officer

Jean Hugues Lafleur has served as Executive Vice President and Chief Financial Officer of Hydro‑Québec since 2018. In this capacity, he is responsible for all financial functions within the company, including financing, treasury, accounting, budget planning, taxation, corporate control and financial reporting. In addition, he oversees management of the Hydro‑Québec Pension Plan and Pension Fund. In 2023, he was also appointed Chief Risk Officer, a role he previously played from 2018 to 2020. He fulfilled the duties of Acting President and Chief Executive Officer in spring 2020, and then again in summer 2023.

Mr. Lafleur joined Hydro‑Québec in the early 1990s. He became Manager – Financial Risk Control in 1996, then went on to serve as Director – Financial Markets and Assistant Treasurer in 1998. He was appointed Corporate Treasurer in 2007 and was promoted Vice President – Financing, Treasury and Pension Fund the following year, a position he held until 2018.

He began his career as a securities broker at Lévesque Beaubien (now Financière Banque Nationale). In the late 1980s, he was also a lecturer in portfolio management at Université du Québec à Hull (UQAH), which later became the Université du Québec en Outaouais.

Mr. Lafleur holds a bachelor’s degree in administration from UQAH and a master’s in finance from Université de Sherbrooke.

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 , after having served as Vice President – Information and Communications Technologies (ITC) from to . 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 to , 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 , 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 (), a digital customer solution related to Hydro‑Québec’s dynamic pricing offers (), the deployment of an analysis and predictive maintenance center for generating equipment (2021) and an integrated vegetation management system ().

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.

François Ramsay
Acting Vice President - Corporate, Legal and Regulatory Affairs and Chief Governance Officer

François Ramsay was appointed Acting Vice President – Corporate, Legal and Regulatory Affairs and Chief Governance Officer in June 2023. He joined Hydro‑Québec in 2019 as Senior Counsel and Senior Director, Legal Affairs and Compliance. As a lawyer with over 35 years’ experience, Mr. Ramsay has worked in the energy, media, telecommunications and manufacturing sectors. He has been involved in a significant number of strategic matters, including public and private equity and debt financings, mergers and acquisitions, various commercial transactions, corporate governance and complex commercial litigation matters, both in Canada and the United States.

Mr. Ramsay completed the Institute of Corporate Directors program in 2018 and has been a member of the Barreau du Québec since 1987.

Dave Rhéaume
Executive Vice President – Energy Planning and Customer Experience

Dave Rhéaume was appointed Executive Vice President – Energy Planning and Customer Experience in 2023. In this capacity, he is tasked with forecasting Québec’s electricity needs in the context of the energy transition and managing Hydro‑Québec’s energy supplies as well as product and service offerings in such a way as to balance supply and demand, while also maximizing the company’s contribution to the attainment of Québec’s decarbonization and economic development objectives. Given that customers are at the heart of this process, he is also responsible for activities related to energy efficiency, electricity rates and the customer experience. His team’s mandate also includes seizing opportunities to create energy partnerships, in particular with neighboring markets

Previously, Mr. Rhéaume was Vice President – Integrated Energy Needs Planning and Risk Management from 2022 to 2023, after serving as Senior Director – Regulatory Affairs and Electricity Supply from 2018 to 2020, Senior Director – Development, Strategies and Commercial Relations Outside Québec from 2020 to 2022, and Associate Vice President – Integrated Energy Needs Planning in 2022. He also worked for Énergir from 2009 to 2018, where he was successively Director – Regulatory Matters and Rates, then Assistant Vice President – Regulatory Matters, Rates and Gas Supply. His achievements at Énergir include helping to develop the renewable natural gas market and setting up 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 Chambre de commerce du Montréal métropolitain.