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BCE Inc (2)
Symbol BCE
Shares Issued 932,525,817
Close 2025-06-11 C$ 30.69
Market Cap C$ 28,619,217,324
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Globe says Carney hires BCE-ex Sabia as top bureaucrat

2025-06-12 08:22 ET - In the News

Also In the News (C-CNR) Canadian National Railway Company

The Globe and Mail reports in its Thursday edition that Mark Carney has recruited Hydro-Québec chief executive officer Michael Sabia to take over as the country's top bureaucrat, installing a seasoned executive and former Trudeau government official in a role that will be key to delivering on the Prime Minister's ambitious pledge to remake the Canadian economy. The Globe's Robert Fife and Bill Curry write that Mr. Sabia had served as deputy minister of finance before he left government in 2023 to serve as head of the Quebec pension plan, and later Hydro-Québec. The current Clerk of the Privy Council, John Hannaford, announced Wednesday that he will be leaving his role as the head of the public service and deputy minister to the Prime Minister. In Mr. Sabia, Mr. Carney now has a PCO clerk with government and business experience who can push through his agenda, which includes significant nation-building projects, a revamped military, major housing initiatives and cost-cutting expenditures for the public service. Aside from running Hydro-Québec, Mr. Sabia headed the Caisse de dépot et placement du Québec and BCE's Bell Canada Enterprises, and held senior roles at Canadian National Railway and in the Privy Council Office.

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