/EINPresswire.com/ -- MONTREAL, QUEBEC -- (Marketwired) -- 08/11/16 -- Gaz Metro inc. ("GMi") today announced that Pierre Despars, Executive Vice President, Corporate Affairs, and Chief Financial Officer, will retire at the end of 2017. Eric Lachance, currently with the Caisse de depot et de placement du Quebec, will join Gaz Metro at the beginning of 2017 and will be appointed the company's Chief Financial Officer at the end of the transition period, during which time Mr. Despars will remain on board in his current role.

Overview of Valener

Valener is a widely held public company that serves as the investment vehicle in Gaz Metro. Through its investment in Gaz Metro, Valener offers its shareholders a solid investment in a diversified and largely regulated energy portfolio in Quebec and Vermont. As a strategic partner, Valener, on the one hand, contributes to Gaz Metro's growth, and on the other, invests in wind power production in Quebec alongside Gaz Metro. Valener favours energy sources and uses that are innovative, clean, competitive and profitable. Valener's common shares and preferred shares are listed on the Toronto Stock Exchange under the "VNR" symbol for common shares and under the "VNR.PR.A" symbol for Series A preferred shares. www.valener.com.

Overview of Gaz Metro and Gaz Metro inc.

Gaz Metro inc. mainly holds an economic interest of approximately 71% in Gaz Metro, for which it acts as the General Partner and a financing vehicle.

With more than $7 billion in assets, Gaz Metro is a leading energy provider. It is the largest natural gas distribution company in Quebec, where its network of over 10,000 km of underground pipelines serves 300 municipalities and more than 200,000 customers. Gaz Metro is also present in Vermont, producing electricity and distributing electricity and natural gas to meet the needs of more than 310,000 customers. Gaz Metro is actively involved in the development and operation of innovative, promising energy projects, including natural gas as fuel, liquefied natural gas as a replacement for higher emission-producing energies, the production of wind power, and the development of biomethane. Gaz Metro is a major energy sector player that takes the lead in responding to the needs of its customers, regions and municipalities, local organizations and communities while also satisfying the expectations of its partners (Gaz Metro inc. and Valener Inc.) and employees. www.gazmetro.com.

Photos, videos (b-roll) and logos are available in Gaz Metro's Multimedia library.

Contacts:
Investors and analysts
Mariem Elsayed
514 598-3253
investors@valener.com

Media
Marie Christine Demers
Public Affairs and Communications
514 598 3449
www.twitter.com/gazmetro
www.gazmetro.com/pressroom

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.