06/03/2015 05:08 EDT | Updated 06/03/2016 05:59 EDT

Former Bombardier executive Eric Martel named Hydro-Quebec president

MONTREAL - Former Bombardier Inc. executive Eric Martel has been appointed the new president of Quebec's state-owned hydro utility.

Martel was president of Bombardier's business aircraft division and left that post May 18.

Quebec Energy Minister Pierre Arcand made the announcement on Wednesday and said Martel's arrival coincides with the renewal of Hydro-Quebec's strategic plan.

Martel left the company during a difficult period for the aerospace giant, which recently announced the layoff of thousands of workers in his division.

He is replacing Thierry Vandal, who left the utility in January after 10 years as president and CEO.

Martel's mandate starts July 6.