Power Corporation’s senior management team continually strives for excellence in crafting and executing the Corporation’s strategy. The team’s vision, entrepreneurial approach and leadership has resulted in significant value for shareholders over the long term.
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 immediate Past Chairman and a member of The Business Council of Canada. 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.
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, Crown Life, Putnam Investments, IGM Financial, Investors Group, and Mackenzie Financial. He is also a director 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 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.
Mr. Plessis-Bélair has been Vice-Chairman of Power Corporation since 2008 and of Power Financial since 2012. Previously, he was Vice-Chairman and Chief Financial Officer of Power Corporation and Executive Vice-President and Chief Financial Officer of Power Financial.
He is a director of several Power group companies in both Europe and North America, including Pargesa, Groupe Bruxelles Lambert, and La Presse ltée. He is also a director of Lallemand Inc. He was a director of Great-West Lifeco, Great-West Life, Great-West Life & Annuity, London Life, Canada Life Financial and Canada Life until 2016.
Mr. Plessis-Bélair is a Fellow of the Québec Order of Chartered Professional Accountants. He holds a degree in Business and Accounting and a Master of Business from HEC, an MBA from Columbia University, and a Bachelor of Arts from Université de Montréal.
Mr. Rousseau has been Vice-Chairman of Power Corporation and of Power Financial since 2009. He is a director of several Power group companies, including Great-West Lifeco, Great-West Life, Great-West Life & Annuity, London Life, Canada Life Financial, Canada Life, IGM Financial, Investors Group, Mackenzie Financial and Putnam Investments.
Previously, he held the position of President and Chief Executive Officer of the Caisse de dépôt et placement du Québec. Prior to that, he was President and Chief Executive Officer of the Laurentian Bank of Canada, and served as Vice-Chairman and President and Chief Executive Officer of Boréal Assurances Inc., as well as Senior Vice-President of the National Bank of Canada. He is a Director of Santander Bank N.A. He was a member of the board of directors of the Global Financial Markets Association until 2014.
Mr. Rousseau obtained a Ph.D. in Economics from the University of Western Ontario in 1973. In recognition for his contributions as an economist, accomplished manager, and involved citizen, he was awarded honorary doctorates from Concordia University, Université Lumière Lyon 2 (in France), Université Laval, and Université de Sherbrooke. In 2006, he was named a “Great Montrealer” by the Board of Trade of Metropolitan Montreal’s Academy of Great Montrealers. He was a professor of Economics at both Université Laval and Université du Québec à Montréal. He is Chairman of the Montreal Heart Institute Foundation and is active in a number of community and not-for-profit organizations in the sectors of health and education. Mr. Rousseau is Co-Founder of QG100, a network of Québec companies of global scope, and Founding President of the Shape Up Foundation, which encourages the adoption of healthy lifestyle habits at summer camps in Canada.
Mr. Tretiak was appointed Executive Vice-President and Chief Financial Officer of Power Corporation and Power Financial in May 2012. He is a director of Power Financial’s subsidiary companies Great-West Lifeco and IGM Financial and a number of their subsidiaries.
Mr. Tretiak joined Investors Group in 1988 and was Executive Vice-President and Chief Financial Officer of IGM Financial until 2012. In this role, he was responsible for all financial functions at IGM Financial and its subsidiaries: Investors Group, Mackenzie Financial and Investment Planning Counsel.
He holds a Bachelor of Arts in Economics and Political Science from the University of Winnipeg and is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Manitoba and a Certified Financial Planner.
Throughout his career, Mr. Tretiak has been an active member in professional industry groups including the Institute of Chartered Accountants, Financial Executives International, the Certified Financial Planners, and the Institute of Internal Auditors. He has served with national organizations such as the Investment Funds Institute of Canada, the Canadian Chamber of Commerce Economic and Taxation Committee and the Canadian Institute of Chartered Accountants.
Mr. Tretiak is actively involved in a number of community-based organizations.
Mr. Généreux was appointed Executive Vice-President of Power Corporation and Power Financial in 2015. He is a Director of Power Financial’s subsidiary companies, Great-West Lifeco and IGM Financial and a number of their subsidiaries.
Mr. Généreux is Director Emeritus of McKinsey & Company, a global management consulting firm. During his 28 years with the firm, he focused on serving leading global companies in the Financial Services, Energy and Resources sectors. He has held various leadership positions including Global Sector Leadership in energy, Office Leadership in Montréal, Global Personnel Committees for partner election and evaluation, and Global Recruiting for non-MBA candidates. Mr. Généreux helped launch McKinsey’s office in Montréal in 1991 and was also posted in its Paris, Toronto and Stockholm offices.
He serves as the Vice-Chair of the Board of Governors at McGill University and is a Board member of the Jeanne Sauvé Foundation and the Loran Scholars Foundation. He is also a member of the Advisory Board for the joint E-MBA program at McGill and HEC. He has received the Queen Elizabeth II Golden Jubilee Medal for outstanding and exemplary contributions to his community.
Mr. Généreux graduated from McGill University and Oxford University, where he studied as a Rhodes Scholar.
Mr. Rae is currently Executive Vice-President of Power Corporation. He served as Executive Vice-President, Office of the Chairman of the Executive Committee from 1996 to 2013, as Executive Vice-President, Office of the Chairman from 1991 to 1996, and as Vice-President from 1978. He joined Power Corporation in 1971 as Executive Assistant to the President and Chief Executive Officer. He was a director of Power Corporation from 1988 to 2012. He holds directorships of Fednav Limited, BNP Paribas (Canada), McGill University Health Centre Foundation, and the Montreal Heart Institute Foundation.
From 1967 to 1971, he served as Executive Assistant to the Right Honourable Jean Chrétien, who entered the Cabinet in 1967, becoming Minister of Indian Affairs and Northern Development in 1968. Mr. Rae was National Campaign Chairman for Jean Chrétien’s 1984 and 1990 leadership campaigns, and Coordinator of the National Campaign of the Liberal Party of Canada for the 1993, 1997, and 2000 elections. He served as representative of the Liberal Party of Canada on the No Committee in the Referendum of 1995.
Mr. Rae’s community involvement includes serving as Chair of the McGill University Health Centre’s (MUHC) Best Care for Life Campaign. He is also Chair Emeritus of the Board of Trustees of Queen’s University, having served as Chair from 2000-2006.
Mr. Rae graduated with a Bachelor of Arts (Honours) in Political Studies and Economics from Queen’s University in 1967. He was named to the Order of Canada in 2006. He was awarded a Doctor of Laws, honoris causa degree from McGill University in 2011.
Mr. Vial joined the Power group of companies in 1997 and currently serves as Senior Vice-President of Power Corporation and of Power Financial. He is involved in various investments in Canada, Europe and Asia. He has also been Managing Director of Pargesa Holding since June 1, 2013.
Mr. Vial began his career in 1977 with Banque Paribas (Paris). He joined the Pargesa group in 1988, starting at Parfinance S.A. in Paris and then with Pargesa Holding in 1993.
Mr. Vial graduated from the École supérieure d’Électricité in Paris. He serves on the Board of Directors of several companies, including Pargesa Holding, Groupe Bruxelles Lambert and Imerys. He was a director of Sagard Capital Management until 2015.
Mr. Desmarais was appointed Vice-President of Power Corporation and Power Financial in May 2014. Prior to his current position, he was Director of Business Development at Square Victoria Digital Properties. From 2010 to 2013, he worked as an Associate at Putnam Investments. While completing his Law degree, Mr. Desmarais was an articling student at Heenan Blaikie LLP and also worked as an analyst at Pandion Investments.
In May 2014, Mr. Desmarais was named a director of Great-West Life, Investors Group, Mackenzie, Square Victoria Communications Group, Gesca ltée and La Presse ltée. He was appointed Chairman of Power Energy Corporation in April 2015.
Mr. Desmarais holds a Bachelor of Civil Law degree from the University of Ottawa and a Bachelor of Arts in Sociology and Political Science from McGill University. He has been a member of the Québec Bar since 2009.
Mr. Desmarais was appointed Vice-President of Power Corporation and Power Financial in May 2014. Prior to his current position, he was Assistant Vice-President in the Risk Management Group of Great-West Lifeco beginning in 2012. Previously, he worked in project management and corporate strategy at Imerys in France. He began his career in 2004, working for five years with Goldman Sachs in the United States, in the Investment Banking and Investment Strategy Groups, as well as in the Special Situations Group.
In May 2014, Mr. Desmarais was named a director of Great-West Life, Investors Group, Mackenzie, Pargesa and Groupe Bruxelles Lambert. He is also Chairman of Sagard Capital and Wealthsimple, and Vice-Chairman of Imerys.
In 2000, he was awarded the Duke of Edinburgh’s Award (Gold Level). Mr. Desmarais is the Founder and Honorary Chairman of Young Canadians in Finance, which provides young professionals working in the private and public financial sectors an exclusive network that enables them to assume leading roles in this field. He served as Co-Chair of the True Patriot Love 2014 Arctic Expedition to the Magnetic North Pole. He also sits on the Board of Directors of The Next 36, an organization that fast tracks the development of Canada’s most talented young innovators, turning them into the country’s outstanding future business leaders and innovators. Mr. Desmarais is also a Chair of the Kenojuak Cultural Centre and Print Shop campaign.
Mr. Desmarais is the recipient of a Bachelor of Arts degree in Economics from Harvard College (graduating cum laude) and he holds a Masters in Business Administration from INSEAD in France.
Mr. Kruyt has been Vice-President of Power Corporation since 1996. He is Chairman of Power Pacific Corporation Limited, a subsidiary of Power Corporation; of Sagard China, one of the Corporation’s equity investment funds; and Vice-Chairman of Power Energy Corporation. He also serves as a director of Potentia Solar Inc., Eagle Creek Renewable Energy Inc. and Montréal International. He has been Chairman of the Canada China Business Council since 2003.
When he joined Power Corporation in 1981, he served as Executive Assistant to Mr. Paul G. Desmarais, who, at the time, was the Chairman and Chief Executive Officer. Mr. Kruyt was President and Chief Executive Officer of Power Broadcasting Inc. from 1987 to 2000 and President and Chief Executive Officer of Power Technology Investment Corporation from 2000 until 2009. He was a director of Great West Lifeco Inc. from 2003 to 2008, of Bellus Inc. from 2002 to 2009, of Bombardier Sifang Power (Qingdao) Transportation Ltd and of La Presse, ltée from 1985 to 2016. He also served as an alternate director on the board of CITIC Pacific Ltd. in Hong Kong from 2003 to 2014.
He served on the board of the St. Mary’s Hospital Foundation and of the Center for Interuniversity Research and Analysis on Organizations (CIRANO), and was a member of the advisory board of the School of Business at Memorial University of Newfoundland, a director of the Canadian Association of Broadcasters and chaired the Government Task Force on Digital Radio in 1992. He was also a member of the Board of Governors of Concordia University from 2000 to 2005 and was its Chairman from 2005 to 2012.
Mr. Kruyt obtained a Bachelor of Commerce degree from Concordia University and an MBA from the European Institute of Business Administration (INSEAD).
Mr. Larochelle has been Vice-President, Investments at Power Corporation since 2009. He was appointed President and Chief Executive Officer of Power Energy Corporation, a subsidiary of Power Corporation, in January 2012.
From 2003 to 2009, he served as President and Chief Executive Officer of Adaltis Inc. Previously, he held the positions of Vice-President of Business Development at Picchio Pharma Inc., and Vice-President of Mergers and Acquisitions at Credit Suisse First Boston in London, England.
Mr. Larochelle began his career at the Montréal offices of Ogilvy Renault. He sits on the boards of Sagard SAS, Bellus Health, Lumenpulse Inc., Power Energy Corporation, Potentia Solar Inc. and Eagle Creek Renewable Energy. He is also actively involved in various not-for-profit organizations and serves on the board of directors of the Fonds de développement des anciens et anciennes du Collège Jean-de-Brébeuf, of C2-MTL, an annual global conference on the relationship between commerce and creativity, and of the Sainte-Justine University Hospital Centre.
Mr. Larochelle holds a Bachelor of Laws degree from Université de Montréal, a Master in International Business Law from McGill University, and an MBA from the European Institute of Business Administration (INSEAD).
Mr. Le Vasseur joined the Power group of companies in 1992 and currently serves as Vice-President and Controller of Power Corporation and of Power Financial. His responsibilities include financial reporting, budgeting, taxation and information technology.
Mr. Le Vasseur began his career in 1982 with Touche Ross, a predecessor firm of Deloitte & Touche, specializing in the audit of large holding companies. He also worked on various consulting assignments in the field of mergers and acquisitions.
Mr. Le Vasseur earned a Bachelor of Science in Mathematics and an MBA from McGill University, and obtained his Chartered Accountant designation in 1985. He serves on the board of directors of the On the Tip of the Toes Foundation, an organization that helps teenagers living with cancer regain their self-esteem and sense of pride through wilderness adventure therapy.
Mr. Lemay was appointed Vice-President, General Counsel, and Secretary of Power Corporation and Power Financial in August of 2012. Mr. Lemay joined Power Corporation as Vice-President, Assistant General Counsel, and Associate Secretary in 2005 and assumed the same position at Power Financial in 2009. He is also responsible for corporate social responsibility initiatives at both companies, in addition to being the media spokesperson.
Mr. Lemay began his career with the law firm Byers Casgrain, now Dentons, where he worked in commercial litigation for five years. He subsequently held the position of Policy Advisor, Economic Development, in the Office of the Prime Minister of Canada from 1997 to 1999. Mr. Lemay then returned to the private sector in Montréal, serving in a number of executive positions in legal, regulatory and public affairs with companies within the Telesystem Group. He then joined Gildan Activewear Inc., a leading sportswear manufacturer, where he was Vice-President of Public and Legal Affairs and Secretary until 2005.
Mr. Lemay is active in a number of not-for-profit organizations and community initiatives. He launched Étudiants dans la course – Students In the Running in 2009 and remains still very much involved in the organization as Chair of the Board. It is a program that trains students from at-risk neighbourhoods of Montréal to run the annual Montréal Oasis Marathon. The program has been a success so far, and has positively impacted the lives of many young people. Mr. Lemay is also a member of the Board, Secretary and Chair of the Human Resources Committee of the Society for the Celebrations of the 375th Anniversary of Montréal.
Mr. Liu was appointed Vice-President of Power Corporation in May 2011. He oversees Power Corporation’s business development in Asia, where the company currently has a number of investments. Mr. Liu joined Power Corporation in 1995 and has since held various positions, most recently as Financial Analyst and Director of Asian Affairs. Prior to joining Power Corporation, Mr. Liu worked with China CITIC Group in Beijing.
Mr. Liu obtained a Bachelor of Arts degree in Nanjing, China, earned an MBA from McGill University, and is a CFA charter holder.
He serves as a member of the board of governors for the Jiu Ding Scholarship Program dedicated to Chinese students studying in Québec. He is also actively involved in supporting the development of cultural programs to promote local Chinese communities in Canada.
Mr. Morin was appointed Vice-President at Power Corporation and Power Financial in May, 2016.
Prior to joining Power Corporation, Mr. Morin has held a variety of positions with global consulting firm McKinsey & Company since 2002. Most recently, he was a partner, a leader of the firm’s Canadian financial services practice and a leader of its global wealth and asset management practice. In this role, he provided strategic advice to large financial institutions in Canada, in the U.S. and internationally. Mr. Morin has experience in a variety of business disciplines including strategy, acquisitions, post-merger management, operations and organization. He is the author of a number of McKinsey’s industry publications and articles.
Mr. Morin has a Bachelor degree in Industrial Engineering with Honours from École Polytechnique de Montréal and holds a Master degree in Business Administration with Distinction from the Harvard Business School.
Mr. Morin is an active community volunteer working with organizations such as Young Canadians in Finance in Montréal and with the Montreal Heart Institute.
Mr. Pan is currently Vice-President and Head of Corporate Finance and is responsible for strategic and corporate planning at Power Corporation and at Power Financial.
Before joining Power in 2008, Mr. Pan was an Executive Director in Investment Banking with Goldman Sachs International based in London, England. In this capacity, he specialized in Energy and Private Equity and was a member of the Global Natural Resources group. He was previously a member of the U.K. Advisory group, specializing in mergers & acquisitions.
Mr. Pan is a Rhodes Scholar and holds a Master of Philosophy in International Relations from Balliol College at Oxford University and a Bachelor of Arts (Honours) in Economics from the University of Western Ontario. His secondary education was at the University of Toronto Schools.
He is active in the community, with particular interests in education and the arts. He currently serves on the Board of Directors of Desautels Capital Management, the Opéra de Montréal and the Centaur Theatre. He is also Secretary of the Rhodes Scholarship Selection Committee for Québec and a Director of the Canadian Rhodes Scholars Foundation.
Mr. Reny has been Vice-President of Power Corporation since 2005 and Vice-President of Power Financial since 2009. Currently, he is responsible for human resources and compensation matters as well as real estate management and various aspects of Power’s operations. He joined Power Corporation in 1989 as a financial analyst and was subsequently named Executive Assistant to the President. In 1995, he was appointed Director of Administration.
He began his career in 1983 at the Caisse de dépôt et placement du Québec, where he worked as a financial analyst in the Asset Management and Equity Markets departments until 1989.
He is a member of the Consultative Committee of Square Victoria Communications Group and a member and President of the board of directors of NAPEC Inc.
Over the years, he has participated in many fundraising activities for various charitable organizations. He currently serves on the boards of the Fondation Armand-Frappier, the Fondation Jean-Monbourquette and the Fondation Baxter & Alma Ricard.
Mr. Reny holds a Bachelor of Commerce from Université Laval and an Executive MBA from Université de Sherbrooke. He earned his Chartered Financial Analyst (CFA) designation from the CFA Institute in Virginia, United States.
Mr. Robinson was appointed Vice-President of Power Corporation in January, 2016. He currently serves as President and as a Director of Sagard Capital in the United-States as well as Chairman of the Board of IntegraMed Fertility, and Board member of Vein Clinics of America and GP Strategies Corporation.
Mr. Robinson joined Power after an 18 year career at Goldman Sachs, during which he lived and worked in the United States, Asia, Australia and Europe. He served in a variety of positions at Goldman Sachs, including Chief Administrative Officer and Head of strategy for the global Investment Banking Division, Chief Operating Officer of the firm’s emerging markets businesses, Asia Regional Chief of Staff and Chief of Staff to the firm’s President. Mr. Robinson trained as a financial institutions investment banker, worked in venture capital and, for many years, was also involved in corporate strategy and investor relations at Goldman Sachs.
Mr. Robinson holds a M.A. with double first class honours and a M.Phil., both from Christ Church, Oxford University.
Mr. Robinson serves on the Development Board of Christ Church and on the U.S. Board of the Cambodian Childrens’ Fund.
Mr. Martin was appointed Treasurer of Power Corporation and Power Financial in March 2015, and is also responsible for investor relations. He joined Power Corporation in 2009 as a Senior Financial Analyst in the Corporate Finance group.
Prior to joining Power Corporation, Mr. Martin was an Associate at a Canadian private equity firm, where he was responsible for the evaluation, execution and management of middle-market private equity investments. Previously, he worked in the Investment Banking division of BMO Capital Markets where he was involved in various restructuring transactions as a member of the Diversified Industries group.
Mr. Martin holds a Bachelor of Business Administration in Finance from HEC Montréal.