The partners in the Rabaska project and Glenn Kelly announced Tuesday that Kelly will resign as President and COO--a position he has held for four years--on August 26 to pursue a new professional challenge. He will, however, remain involved with the project as a special
consultant to the consortium's management committee.
Andre L'Ecuyer, the current director of finance and business affairs,
will take over as interim president and COO. L'Ecuyer is well known in the
energy and finance sector and has a thorough understanding of the Rabaska
project, having spent the past three years working with the team. The Rabaska
consortium has also initiated the process to permanently fill the position
left vacant by Kelly.
"Glenn Kelly has guided Rabaska through a major and crucial stage of its
development. He and the entire Rabaska team turned an idea into a project, a
project into a reality. We are delighted that Glenn is remaining at our side
as a special consultant, because his knowledge of the project and the host
community will be invaluable in the coming years. We wish him the best of luck
in his new endeavors," noted the management committee of the consortium (GDF
Suez, Gaz Metro, and Enbridge).
"The past four years have been demanding, but also thrilling," said Kelly. "The next step is construction and in this light, I thought it was time for me to pass the torch, even though Rabaska will always be important to me. I am therefore pleased to remain involved as a special consultant to the management committee, because this will allow me to continue to closely
monitor the project's development. I will be present in this capacity in the
community of Levis, which has supported us from the very beginning. I know
that the Rabaska team is in a position to complete this project on time and as
Rabaska is an $840 million project to build a terminal for tankers
carrying liquefied natural gas (LNG). The LNG will then be returned to its
gaseous state and distributed via pipeline to markets in Quebec and Eastern