Richard Drouin, the president of Hydro-Quebec, is holding on to his job for another three years.

According to an article in La Presse, Drouin was told he can keep his job by Natural Resources Minister Francois Gendron on Oct. 28. That put an end to weeks of speculation that the Parizeau government was preparing to dump Drouin because of he was considered an ally of former Premier Robert Bourassa.

La Presse also reported that there will be a shake-up in the top leadership at Hydro-Quebec, with some executives possibly being replaced.