A new chapter for Pomerleau
By Adam FreillCommercial Construction Industrial Infrastructure Institutional Leadership Residential
Philippe Adam appointed Chief Executive Officer at one of Canada’s largest construction companies.
Poised to pursue its growth in Canada, Pomerleau is writing a new chapter in its history. Together with its Board of Directors, Pierre and Francis Pomerleau have announced the appointment of Philippe Adam as the company’s president and chief executive officer. He will take up his new duties in August.
The appointment launches a transition process during which Pierre and Francis will gradually withdraw from their operational roles in the company. The pair will remain the company’s principal shareholders and will continue to play an active role on the board. Francis will serve as director of the board and Pierre as executive chair of the board.
Adam joined Pomerleau in 2021 as executive vice-president and chief financial officer. 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 in charge of various key functions, including corporate strategy, logistics and procurement, legal affairs, insurance, and risk management.
Adam has played a transformative role in the company’s performance and helped fast-track its transformation in support of coast-to-coast growth. He has also spearheaded two of the largest transactions in the company’s history, including the acquisition of Vancouver-based ITC Construction Group and the Caisse de dépôt et placement du Québec’s $150-million investment in Pomerleau, its third in five years.
“The role and nature of our business has evolved. Today, Pomerleau is much more than a construction firm,” said Pierre. “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.”
Francis added, “Philippe will be able to count on the expertise and support of our committed and seasoned leadership team. He will also be able to rely on the talent of our more than 4,000 employees and workers, all of whom are building the company each day.”
“I am honoured and privileged that Pierre and Francis have entrusted me with leading the company they have developed so remarkably, with authenticity and integrity,” said Adam. “I would also like to thank the Board members for their support. In taking up this new role, I am committed to preserving and promoting the Pomerleau family’s unique legacy and its entrepreneurial values.”
Pomerleau is one of Canada’s largest construction companies, with over $4.3 billion in 2022 revenues.