Board of Directors

Pierre Beaudoin

Director since 2005

Mr. Beaudoin is Executive Chairman of Bombardier Inc., the world’s only manufacturer of both planes and trains. Bombardier offers the broadest portfolio in the rail industry and stands as the third largest manufacturer of civil aircraft in the world. Mr. Beaudoin 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, Executive Vice-President of Bombardier Inc. from 2004 to 2008 and President and Chief Executive Officer from 2008 to 2015. 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 a company director. From 2001 to January 1, 2014, he was President and Chief Executive Officer of Canadian Oil Sands Limited and Chairman of Syncrude Canada Ltd. Mr. Coutu was previously 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, Great-West Life, London Life, Canada Life Financial 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 and a director 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 SA, Generali France SA, Kudelski SA and the Banque Privée Edmond de Rothschild Europe in Luxembourg.

An art enthusiast, Mr. Dassault is a director for the auction house Artcurial. He also serves as a director of l’Association des Amis du Centre Georges Pompidou, of the Amis du Musée National d’Art Moderne in Paris and of the Association for the Memory of the Hidden Children and of the Just, 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.

In 2003, he was named Chevalier de la Légion d’honneur in France and, in 2006, Officer of the Order of the Crown of Belgium.

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 Executive 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, Putnam Investments, IGM Financial, Investors Group and Mackenzie. He is also a director and Vice-Chairman of Pargesa in Europe.

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, and Centraide of Greater Montreal. He is Chairman 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, Université de Montréal and McGill University. 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 Executive Co-Chairman of Power Financial. He joined Power in 1981 and assumed the position of Vice-President the following year. In 1984, he led the creation of Power Financial to consolidate Power’s major financial holdings, as well as Pargesa Holding SA, under a single corporate entity. Mr. Desmarais served as Vice-President of Power Financial from 1984 to 1986, as President and Chief Operating Officer from 1986 to 1989, as Executive Vice-Chairman from 1989 to 1990, as Executive Chairman from 1990 to 2005, as Chairman of the Executive Committee from 2006 to 2008 and as Executive Co-Chairman from 2008 until today. He also served as Vice-Chairman of Power Corporation from 1991 to 1996. He was named Chairman and Co-CEO of Power Corporation in 1996.

After Power Financial and the Frère Group of Belgium took control of Pargesa in 1990, Mr. Desmarais moved to Europe from 1991 to 1994, to develop the partnership with the Frère Group and to restructure the Pargesa group. From 1982 to 1990, he was a member of the Management Committee of Pargesa, in 1991, Executive Vice-Chairman and then Executive Chairman of the Committee; in 2003, he was appointed Co-Chief Executive Officer and in 2013 named Chairman of the Board. He has been a Director of Pargesa since 1992.

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. In Europe, he is Vice-Chairman of the Board of Groupe Bruxelles Lambert, and a director of Total, LafargeHolcim and SGS.

Mr. Desmarais is Chairman of the Board of Governors of The International Economic Forum of the Americas (Canada), a Trustee of The Brookings Institution, Co-Chair of the Brookings International Advisory Council and a member of the Brookings Executive Committee (Washington), a member of The Business Council (United States) and Chairman of the Canadian Council of Chief Executives. He is also active on a number of philanthropic advisory councils.

In 1994, he received the Insigne d’Officier de l’Ordre de la Couronne of Belgium. In 2005, he was named an Officer of the Order of Canada and he received the Executive of the Year Award from the Academy of International Business. In 2009, he was named an Officer of the Ordre national du Québec and in 2012, Chevalier de la Légion d’honneur in France. He holds a number of honorary doctorates.

He obtained a Bachelor of Commerce degree from McGill University and a MBA from the European Institute of Business Administration (INSEAD), France.

Anthony R. Graham , LL.D.

Director since 2001

Mr. Graham is Vice-Chairman 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 and 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. 

J. David A. Jackson , LL.B.

Director since 2013

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

Mr. Jackson is also a director of Power Financial, Great-West Lifeco, Great-West Life, London Life, Canada Life Financial and Canada Life. He has also served as a director of a number of public and private corporations including Investors Group 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.

He holds a Bachelor of Commerce degree from the University of Windsor and a Bachelor of Laws (LL.B.) from Osgoode Hall Law School.

Isabelle Marcoux

Director since 2010

Ms. Marcoux is Chair of the Board of Transcontinental Inc., a printing, publishing and marketing company, 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 and Rogers Communications Inc.

In 2014, she joined the cabinet for the Foundation OLO’s 2014-2018 major fundraising campaign. In 2013, she was Honorary Patron of the Montreal Children’s Hospital Ball. In the past, she has also co-chaired a number of fundraising events, including the 2011 Grand Bal des Vins-Cœurs for the Montreal Heart Institute Foundation and the 2010 Lobster Lunch for the Tel-Jeunes Foundation. She has been actively involved in a number of fundraising campaigns for organizations such as the Montreal Mayor’s Foundation for Youth, the Montreal Children’s Hospital, United Way, the Montreal Museum of Fine Arts and Tel-Jeunes Foundation.

In 2014, Ms. Marcoux was named to the list of Canada’s Top 50 Business Leaders by Power & Influence magazine. In 2010 and 2012, Ms. Marcoux was a recipient of Canada’s Most Powerful Women: Top 100TM award in the Corporate Executives category, awarded to the country’s highest achieving female executives. In 2010, she was named Personality of the week by La Presse and Radio-Canada in recognition of her outstanding career. 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.

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.

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, Great-West Life, Great-West Life & Annuity, London Life, Canada Life Financial, Canada Life, Putnam Investments, IGM Financial, Investors Group, and Mackenzie.

Mr. Orr was President and Chief Executive Officer of IGM Financial 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.

T. Timothy Ryan, Jr.

Director since 2014

Mr. Ryan is a company director. He was Managing Director, Global Head of Regulatory Strategy and Policy of JPMorgan Chase & Co. (“J.P. Morgan”), a global financial services firm, until 2014. He is a director of Power Financial, Markit Group Limited, where he serves on the Nominating and Governance Committee, and the United States-Japan Foundation. He has served as a director of Lloyds Banking Group from March 2009 to April 2013, Power Corporation and Power Financial from May 2011 to May 2013, and Lifeco from May 2010 to May 2013.

From 2008 to 2013, he was President and Chief Executive Officer of the Securities Industry and Financial Markets Association (“SIFMA”), a trade association representing 680 global financial market participants. Prior to joining SIFMA, Mr. Ryan held a number of senior appointments with J.P. Morgan from 1993 to 2008, including Vice-Chairman, Financial Institutions and Governments, and Managing Director.

He was a private sector member of the Global Markets Advisory Committee for the U.S. National Intelligence Council (NIC) from 2007 to 2011. From 2002 to 2004, Mr. Ryan was a member of the U.S.-Japan Private Sector/Government Commission with responsibility for Corporate Restructuring and the NPL workout and, from 2000 to 2004, he served as a board member and Chairman of the Audit Committee at KorAm Bank in Seoul, Korea.

Before joining J.P. Morgan, Mr. Ryan was the Director of the Office of Thrift Supervision, U.S. Department of the Treasury, where he served as the principal manager of the savings and loan cleanup that involved closing approximately 700 insolvent institutions, improving capital bases, and selling over $300 billion of assets. 

Mr. Ryan is a graduate of Villanova University and the American University Law School. He served as an officer in the U.S. Army from 1967 to 1970.

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

Director since 1999

Dr. Szathmáry became President Emeritus of the University of Manitoba in 2008. She was named Professor Emeritus in the Department of Anthropology in 2014. 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 (now Western University). Dr. Szathmáry is a director of 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 and Canada 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 six 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.