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MONTREAL — Pomerleau has announced the appointment of Philippe Adam as CEO, initiating a transition for outgoing CEO Pierre Pomerleau and Francis Pomerleau, chief executive, national strategies.

As the Pomerleaus withdraw from their operational roles, they will remain the company’s principal shareholders and will continue to play an active role on the board, with Pierre serving as executive chairman and Francis as executive vice-chairman, stated a release.

Adam joined Pomerleau in 2021 as executive vice-president and CFO. As part of his duties, he is also president of Pomerleau Capital, the company’s private investment fund specializing in infrastructure and renewable energies. In addition, he is responsible for corporate strategy, logistics and procurement, legal affairs, insurance and risk management.

Adam has spearheaded two of the largest transactions in the company’s history, including the acquisition of Vancouver-based ITC ��������ion Group and the Caisse de depot et placement du Quebec’s $150-million investment in Pomerleau.

Adams will assume his new role in August.

“The role and nature of our business has evolved. Today, Pomerleau is much more than a construction firm,” said Pierre Pomerleau in a statement. “Our ability to structure alternative models of delivery and financing allows us to tackle a wide range of increasingly complex projects with a sustainable development perspective.

“In light of the experience and leadership provided by Philippe since his arrival, he is the ideal person to oversee the company’s next growth and transformation phase.”

Adam stated, “In taking up this new role, I am committed to preserving and promoting the Pomerleau family’s unique legacy and its entrepreneurial values.”