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Montreal port CFO the latest executive to leave as leadership exodus grows

The Montreal Port Authority announces the departure of its executive vice-president of finance and technology, barely a week after the sudden resignation of its CEO.

In an email sent Monday, the organization confirmed that Alban Fournier will leave his position in less than two weeks to become chief financial officer of semiconductor producer 5N Plus. This announcement is part of a recent wave of departures within the management of the country’s second-largest port.

The administration revealed earlier this month that the president and CEO, Julie Gascon, had left her position, barely two years after taking office and without apparent notice.

The CEO’s departure followed that of the vice-president of business development and operations last month, and came just a week before Prime Minister Mark Carney was set to kick off a long-planned port expansion project.

This exodus of managers comes after five years of declining freight volumes at this facility, which has experienced multiple strikes since 2020.

In an email, the spokesperson for the port authority, Renée Larouche, indicates that a person has been appointed to assume the vice-presidency of finance on an interim basis and that the transition is proceeding smoothly.

–This report by La Presse Canadienne was translated by CityNews