(Adds analyst comment)
CALGARY, Alberta, March 28 TransCanada Corp's
Chief Operating Officer Alex Pourbaix is retiring from
the company after 23 years in May, a TransCanada spokesman said
"I can confirm Alex has made the personal decision to
retire," TransCanada spokesman James Millar said. "He will be
(at) the company until the end of May."
Pourbaix was previously president of development for
TransCanada, responsible for overseeing growth projects
including the long-delayed Keystone XL oil pipeline, which
finally received a U.S. presidential permit last week.
TransCanada declined to comment on whether the Keystone XL
approval had anything to do with the timing of the announcement
from Pourbaix, who was considered by some industry players to be
a potential successor to TransCanada's chief executive officer
"I always thought he was one of the guys that would be in
the running, but there are a number of very, very capable people
at TransCanada," said AltaCorp Capital analyst Dirk Lever,
adding he was surprised by the move.
(Reporting by Nia Williams; Editing by Cynthia Osterman and