Montréal Port Authority CEO Sylvie Vachon to retire

‘I make this decision with a sense that I, together with my team, have contributed to a major shift and implemented structuring projects for both the Port of Montréal and our economy,’ Vachon said. ‘Our extensive container terminal project in Contrecoeur, which reached important milestones in 2019, will take other key steps in 2020 to carry out the project. I believe the time is right for someone else to take the helm and chart the next course in the long history of the port, whose future is more than promising.’

Flourishing cruise sector

The port's cruise business has flourished in recent years with the $78m modernization of the passenger terminal at Alexandra Pier, completed in 2017, and record numbers. 

Montréal Port Authority Chairman Marie-Claude Boisvert thanked Vachon and said: ‘Under her leadership, the port has enjoyed remarkable growth and benefited from sound management and a significant revitalization of its infrastructure. She leaves in place a stable and healthy organization with an experienced and committed team ready to continue the work.’

Search firm engaged

The board has started the search process for a replacement by engaging a CEO recruitment firm to identify candidates. Until a successor is named, Vachon will continue to helm all port activities and projects.