"With the deployment of our strategy to build a leading group within the global water industry, GLV is entering a new growth phase,” said Laurent Verreault. “For me, it is an appropriate time to let the next generation carry on the work. Richard is certainly the best candidate to take up this challenge. In 27 years with the company, he has had the opportunity to handle every aspect of management and acquire in-depth knowledge of our businesses, operations and markets. Therefore, it is with absolute confidence that I pass him the lead role. This being said, I intend to continue to play an active role in close relationship with the team in place.”