Bruce Power announces retirement of Mike Rencheck, Eric Chassard to assume role of President and CEO
May 13 2024 - 11:51AM
Bruce Power today announced that Mike Rencheck, currently President
and CEO, will be retiring from this position effective June 30,
2024, and will assume the role of Executive Vice-Chair as he will
continue to serve as a senior advisor to Bruce Power and the
Industry, including as Chair of the Board of the World Association
of Nuclear Operators (WANO) Atlanta Centre.
With this retirement, Bruce Power is pleased to announce the
promotion of Eric Chassard to the position of President and CEO
effective July 1, 2024. Reporting to Bruce Power’s Board of
Directors, Eric will lead Bruce Power, one of Ontario's largest
power generators and medical isotope producers, through a strategy
to safely provide clean, affordable, reliable power and life-saving
medical isotopes while strengthening communities and protecting the
environment to power the future.
Eric joined Bruce Power in 2019 as the Executive Vice-President
of Projects and Engineering. In this role, Eric successfully led
the on-time and on-budget delivery of our Life Extension program
and implemented a comprehensive project management technique and a
long-term procurement strategy securing partnerships through the
end of our six-unit refurbishment undertaking. The first unit
refurbishment, Unit 6, was successfully returned to service ahead
of schedule and under budget in 2023.
Previously, Eric held a series of Senior Executive positions,
both in Nuclear Operations and multi-billion dollar projects
portfolios, at Areva, Orano, Bechtel and Hitachi, directly leading
more than 6,500 people in 13 different countries as CEO of
subsidiaries or joint ventures. Eric has a degree in Engineering
with a specialization in Nuclear Engineering and holds a
Post-Graduate Diploma in Nuclear Reactor Physics. Eric proudly
became a Canadian citizen in 2023.
Commenting on Eric’s appointment to President and CEO, Bob Aziz,
Chair of the Bruce Power Board of Directors, said: “Eric’s
leadership experiences represent an unparalleled combination of
nuclear power operations and project management, as well as
extensive regulatory and stakeholder relations experience. This
uniquely qualifies Eric to lead Bruce Power as we work to complete
our Life Extension Program, and improve and expand plant operations
to meet the growing demands for affordable, reliable and clean
energy. The Board, having worked closely with Eric over the last
several years, is confident of his commitment to safety, our
employees, our communities and the businesses that count on us
every day.”
In announcing Rencheck’s retirement, Mr. Aziz recognized Mike’s
distinguished career of more than four decades that included
serving nearly eight years as Bruce Power's President and CEO.
“Over the last eight years, Mike’s leadership has made a
difference for Bruce Power and our communities,” Aziz said. “He has
played a key role in shaping and implementing the strategy that has
positioned us as a world-class nuclear operator and isotope
producer with a clear path for growth creating economic development
opportunities for local communities, including the Chippewas of
Saugeen First Nation and Chippewas of Nawash Unceded First Nation,
and the Province. He has brought credibility to Bruce Power and
worked tirelessly to deliver value to Ontario, our employees,
owners, and our partners, while also serving as a mentor and coach
to many of our leaders. We are a stronger company today because of
his many contributions.”
John Peevers
Bruce Power
5193863799
john.peevers@brucepower.com