Board of Directors

Pierre Beaudoin

Director since 2005

Mr. Beaudoin is President and Chief Executive Officer of Bombardier Inc., a global transportation company that is the largest supplier of rail equipment, systems, and services, and the third largest manufacturer of civil aircraft in the world. He is also a director of Bombardier Inc. and of BRP Inc.

Mr. Beaudoin studied Business Administration at Collège Jean-de-Brébeuf and Industrial Relations at McGill University in Montréal. He joined the Bombardier group in 1985 and held the positions of President and Chief Operating Officer of Bombardier Aerospace from 2001 to 2008, and Executive Vice-President of Bombardier Inc. from 2004 to 2008. He was also President of Bombardier Business Aircraft and President and Chief Operating Officer of Bombardier Recreational Products.

Mr. Beaudoin was Co-Chair of the 2011 Centraide of Greater Montreal fundraising campaign.

Marcel R. Coutu

Director since 2011

Mr. Coutu is President and Chief Executive Officer of Canadian Oil Sands Limited and Chairman of Syncrude Canada Ltd., one of Canada’s largest oil sands projects. Prior to joining Canadian Oil Sands, Mr. Coutu was Senior Vice-President and Chief Financial Officer of Gulf Canada Resources Limited. He has more than 30 years of experience in the energy sector, primarily focused in the areas of corporate finance, investment banking, mining, and oil and gas exploration and development.

Mr. Coutu is a director of Great-West Lifeco and its wholly owned subsidiaries, Great-West Life and Canada Life. He is also a director of Brookfield Asset Management Inc.

He holds a Bachelor of Science (Honours) in Geology from the University of Waterloo and an MBA from the University of Western Ontario. Mr. Coutu is a member of the Association of Professional Engineers, Geologists and Geophysicists (APEGGA) and a member of the Canadian Council of Chief Executives.

Mr. Coutu serves on the Pension and Compensation Committee of the Calgary Exhibition and Stampede Board.

Laurent Dassault

Director since 1997

Mr. Dassault is Vice-Chairman and chief Executive Officer of Groupe Industriel Marcel Dassault, an investment and financing company based in Paris, France, and is in charge of the diversification of the group’s activities and investments. He oversees investments in Asia, specifically in China and the Middle East, as well as in Italy and Switzerland. From 2006 to 2011, Mr. Dassault held the position of vice-president of the company.

He is also Chairman of the Immobilière Dassault Supervisory Board and a director of a broad range of companies in France and elsewhere, including SITA, Generali France, Kudelski, and the Banque Privée Edmond de Rothschild Europe in Luxembourg.

An art enthusiast, Mr. Dassault is an administrator for the auction house Artcurial. He also serves as a director of l’Association des Amis du Centre Georges Pompidou and of the Amis du Musée National d’Art Moderne in Paris, and is the Chairman for the Amis du Fond Régional d’Art Contemporain d’Aquitaine.

These mandates are supplemented by a personal commitment to One Drop, a non-profit organization whose goal is to raise awareness and implement projects for universal access to safe water, serving as Chairman of One Drop France.

Mr. Dassault holds a degree in Corporate Law from Université d’Assas, and is a graduate of the Paris ESLSCA Business School.

André Desmarais , O.C., O.Q.

Director since 1988

Mr. Desmarais is Deputy Chairman, President, and Co-Chief Executive Officer of Power Corporation, and Co-Chairman of Power Financial. Prior to joining Power Corporation in 1983, he was Special Assistant to the Minister of Justice of Canada and an institutional investment counsellor at Richardson Greenshields Securities Ltd.

He is a director of many Power group companies in North America, including Power Financial, Great-West Lifeco, Great-West Life, Great-West Life & Annuity, London Life, Canada Life Financial, Canada Life, Crown Life, Putnam Investments, IGM Financial, Investors Group, and Mackenzie Financial. He is also a director of Pargesa in Europe, and of CITIC Pacific Ltd. in Asia, in which Power Corporation holds a minority interest.

Over the years, cultural, health, and other not-for-profit organizations in Montréal have benefitted from his contributions, involvement, and dedication. He has played key roles in a number of fundraising campaigns, including those of the Montreal Museum of Fine Arts, the Montreal Heart Institute, Leucan, the Canadian Red Cross, the Canadian Cancer Society (The Daffodil Ball), and Centraide of Greater Montreal. He is a director of the Fondation Baxter & Alma Ricard, a member of the Chairman’s International Advisory Council of the Americas Society, Honorary Chairman of the Canada China Business Council, and a member of several China-based organizations.

He holds a Bachelor of Commerce from Concordia University and received honorary doctorates from Concordia University and Université de Montréal. In 2003, he was made an Officer of the Order of Canada and, in 2009, an Officer of the National Order of Québec.

Paul Desmarais, Jr. , O.C., O.Q.

Director since 1988

Mr. Desmarais is Chairman and Co-Chief Executive Officer of Power Corporation and Co-Chairman of Power Financial. Prior to joining Power Corporation in 1981, he was with S.G. Warburg & Co. in London, England, and with Standard Brands Incorporated in New York.

He is a director of many Power group companies in North America, including Power Financial, Great-West Lifeco, Great-West Life, Great-West Life & Annuity, London Life, Canada Life Financial, Canada Life, Putnam Investments, IGM Financial, Investors Group, and Mackenzie Inc. In Europe, he is Chairman of the Board and Executive Director of Pargesa Holding, Vice-Chairman and a director of Groupe Bruxelles Lambert, and a director of GDF Suez, Total, and Lafarge.

Mr. Desmarais is Chairman of the Board of Governors of The International Economic Forum of the Americas, Founder and member of the International Advisory Board of l’École des Hautes Études Commerciales (HEC), an Honourary Member of the Desautels Faculty of Management International Advisory Board, and a member of the Principal’s International Advisory Board of McGill University. He is a member of the Advisory Council of the European Institute of Business Administration (INSEAD), a Trustee of The Brookings Institution, a Co-Chair of the Brookings International Advisory Council (Washington), a member of the Global Board of Advisers of the Council on Foreign Relations (New York), a member of the Global Advisory Council of Harvard University (Boston), and Chairman of the Canadian Council of Chief Executives.

Mr. Desmarais is also involved in various charitable and community activities in Montréal. He obtained a Bachelor of Commerce from McGill University and an MBA from INSEAD. He received honorary doctorates from Université Laval in 2006, from the Université de Montréal in 2008 and from McGill University in 2012. In 2005, he was named an Officer of the Order of Canada and, in 2009, an Officer of the Ordre national du Québec. In 2012, he was named Chevalier de la Légion d’honneur in France.

R. Jeffrey Orr

Director since 2005

Mr. Orr was appointed President and Chief Executive Officer of Power Financial in 2005. He also serves as a Director of Power Corporation and is a Director and Chairman of a number of Power Financial subsidiaries, including Great-West Lifeco, London Life, Canada Life, Putnam Investments, IGM Financial, Investors Group, and Mackenzie Financial.

Mr. Orr was President and Chief Executive Officer of IGM Financial Inc. from 2001 until 2005. Prior to joining IGM Financial, he was Chairman and Chief Executive Officer of BMO Nesbitt Burns and Vice-Chair, Investment Banking Group, Bank of Montreal. Mr. Orr had been with BMO Nesbitt Burns since 1981.

Mr. Orr is active in a number of community and business organizations. He holds a Bachelor of Arts - Honors Business Administration (HBA) degree from the Richard Ivey School of Business in London, Ontario.

Anthony R. Graham , LL.D.

Director since 2001

Mr. Graham is President and a director of Wittington Investments, Limited, an investment management company and the principal holding company of the Weston-Loblaw Group. Prior to joining Wittington, he held senior positions in Canada and the U.K. with National Bank Financial Inc. (formerly Lévesque Beaubien Geoffrion Inc.), a Montréal-based investment dealer.

Mr. Graham is Chairman and a director of President’s Choice Bank. He also serves on the boards of Power Financial as well as George Weston Limited, Loblaw Companies Limited, Graymont Limited, Brown Thomas Group Limited, De Bijenkorf B.V., Holt Renfrew & Co., Limited, and Selfridges & Co. Ltd.

Mr. Graham is Chairman of the Ontario Arts Foundation, Vice-Chairman of the Council for Business and the Arts in Canada, and Chairman of the Shaw Festival Foundation. He is also currently a Board Member of the Art Gallery of Ontario, the Canadian Institute for Advanced Research, St. Michael’s Hospital, the Trans Canada Trail Foundation and Luminato.

Mr. Graham is a member of the Canadian Council of Chief Executives and the World Presidents’ Organization (WPO). He is also Honorary Colonel of the Royal Regiment of Canada. In 1995, he was recognized by the Financial Post as one of “Canada’s Top 40 Under 40,” and, in 1998, he was awarded the Government of Ontario Volunteer Service Award. In June 2007, he received an Honorary Doctor of Laws degree from Brock University. 

Robert Gratton

Director since 1989

Mr. Gratton is currently Deputy Chairman of Power Corporation and a director of Power Financial.  He joined Power Financial as President in 1989 and was named Chief Executive Officer in 1990. He served in these capacities until 2005, when he was appointed Chairman of the Board, a position he held until 2008.

He served as Chairman of the Board, Chairman of the Executive Committee, and a director of several Power group companies until 2008 and was also a director of Pargesa Holding until 2010.

Mr. Gratton began his career in 1966, as Assistant to the former Minister of Education and Deputy Premier of Québec, the Honourable Paul Gérin-Lajoie. In 1971, he joined Crédit Foncier Franco-Canadien. He was named Chief Operating Officer in 1975, and President and Chief Executive Officer in 1979. In 1982, he became Chairman of the Board, President and Chief Executive Officer of Montreal Trust.

Mr. Gratton is a member of the Harvard Business School Canadian Advisory Board. He served as a member of The Conference Board of Canada, The Conference Board, Inc., the C.D. Howe Institute, and The Trilateral Commission. He has been a director of a number of other companies, community organizations, and foundations.

Mr. Gratton holds an MBA from Harvard Business School, a Master of Laws from the London School of Economics, and a Bachelor of Laws degree from Université de Montréal.

J. David A. Jackson

Director since 2013

Mr. Jackson is Senior Counsel at the Canadian law firm Blake, Cassels & Graydon LLP. He joined Blake, Cassels and Graydon in 1972, became a partner in 1980 and was Chairman of the firm from 1995 to 2001. 

Mr. Jackson is also a director of Power Financial Corporation and of Great-West Lifeco Inc. and of several of its subsidiaries. He has also served as a director of a number of public and private corporations including Investors Group Inc. from 1991 to 2001. He is recognized as a leading practitioner in the areas of mergers and acquisitions, corporate finance and corporate governance by numerous independent assessment organizations.

Isabelle Marcoux

Director since 2010

Ms. Marcoux is Chair of the Board of Transcontinental Inc., a position she has held since 2012. She was Vice-Chair of the Board from 2007 to 2012 and Vice-President, Corporate Development, from 2004 to 2012.

Between 1997 and 2004, Ms. Marcoux was Director, Mergers and Acquisitions, as well as Director, Legal Affairs and Assistant Corporate Secretary. Before joining Transcontinental, she was a lawyer at McCarthy Tétrault LLP.

Ms. Marcoux is also a member of the boards of George Weston Limited, Rogers Communications Inc., and the Board of Trade of Metropolitan Montreal. As part of her social contributions, she is Co-Chair of the 2011-2015 major fundraising campaign of the Fondation Tel-jeunes. She was Co-Chair of both the 2009 Ball of the Montreal Museum of Fine Arts and the Grand Bal des Vins-Coeurs 2011 of the Montreal Heart Institute Foundation. She will co-chair the 2013 Montreal Children’s Hospital Foundation Ball. She has been actively involved in a number of fundraising campaigns, such as the Montreal Mayor’s Foundation for Youth and United Way.

In 2007, she was a recipient of Canada’s Top 40 under 40TM award, a national program which honours every year 40 Canadians under 40 who have reached a significant level of success in a private corporation, in the public service or as a member of a non-profit organization. In 2010 and 2012, she was a recipient of Canada’s Most Powerful Women Top 100 Award by the Women’s Executive Network.

Ms. Marcoux holds a Bachelor’s degree in Political Science and Economics, and a Bachelor’s degree in Civil Law, both from McGill University. She has been a member of the Québec Bar since 1995.

Emőke J.E. Szathmáry , C.M., O.M., Ph.D., FRSC

Director since 1999

Dr. Szathmáry is President Emeritus and a professor in the Department of Anthropology and the Department of Biochemistry and Medical Genetics at the University of Manitoba. She was President and Vice-Chancellor of the University of Manitoba from 1996 to 2008, Provost and Vice-President (Academic) of McMaster University in Hamilton from 1994 to 1996, and, before that, Dean of the Faculty of Social Science of the University of Western Ontario in London. Dr. Szathmáry is a director of Power Corporation and Power Financial as well as of several Power group companies in North America, including Great-West Lifeco, Great-West Life, London Life, Canada Life Financial, Canada Life, and Crown Life.

Dr. Szathmáry is a distinguished scholar, teacher, scientist, and administrator. She is a director of the International Institute for Sustainable Development, the Pierre Elliott Trudeau Foundation, and the CancerCare Manitoba Foundation. As well, she is a member of the Canadian Foundation for Innovation, and the Board of Governors of McMaster University. Dr. Szathmáry has also served as a director of numerous educational, research, and philanthropic not-for-profit organizations, including the St. Boniface General Hospital, the Manitoba Museum Foundation, the Manitoba Medical Service Foundation, the Prime Minister’s Advisory Committee on Science and Technology, and the Board of Governors of the University of the Arctic.

Dr. Szathmáry received a Bachelor of Arts (Honours) and a Ph.D. from the University of Toronto. In addition to receiving the Lieutenant Governor’s Medal for Excellence in Public Administration in Manitoba, she has been awarded five honorary doctorates in recognition of her research and contribution to higher education. Dr. Szathmáry is a Fellow of the Royal Society of Canada and a Member of both the Order of Canada and the Order of Manitoba.

The Corporation believes in the importance of good corporate governance and the central role played by directors in the governance process.

Power Corporation’s Board of Directors is composed of seasoned professionals who bring their diverse experience to the table. This balance of skills and competencies results in the prudent, conservative oversight that has enabled the Corporation to deliver attractive long-term shareholder returns.

To learn more about our Board of Directors, click on the names to the left to view each director’s biography.