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CEO of Canadian Utility That Proposed Banning New Power to Crypto Miners Exits

Sophie Brochu, the CEO of Hydro-Quebec - the utility company of the province of Quebec that late last year proposed suspending new power supply to the blockchain industry - is departing the firm on April 11, according to a Jan. 10 statement.

“Under her leadership, a new strategic plan was developed in collaboration with a great many internal contributors and representatives of Québec society, demonstrating her ability to bring people together," said Board Chair, Jacynthe Côté in the statement.

Hydro-Québec didn't name a successor to Brochu – who joined the company as CEO in April 2020 – but said the board will recommend its candidate, with the ultimate appointment to come from the Québec Cabinet.

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