Hervé Mallet is leaving McInnis Cement after nearly two years as its President and CEO. Mr Mallet was appointed in November 2016 to straighten out the company which was struggling with cost overruns on the construction of its Port Daniel-Gascons plant.

“Mr Hervé Mallet, President and Chief Executive Officer of McInnis since November 2016, is leaving the company. The Board of Directors wishes to acknowledge the work accomplished during Mr. Mallet’s management of the company, and thanks him for his contributions,” said the company in a press release.

The Board also appointed with immediate effect, Jean Moreau, CFO as interim President and CEO. Mr Moreau jointed the company in the spring of 2017. “He has significant experience in company, finance and operations management, and has held leadership positions within private and public entities in the finance and operations management sectors. Mr. Moreau is familiar with McInnis and will ensure business continuity,” according to the company.