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 LafargeHolcim and SGS. He was a director of Total until 2017.
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, Putnam Investments, IGM Financial, Investors Group, and Mackenzie Financial. 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.
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 Square Victoria Communications Group Inc. He was a director of Lallemand Inc. until June 2017, of Pargesa until May 2017, of Groupe Bruxelles Lambert until April 2017 and 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. 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 Great-West Lifeco, IGM Financial and a number of their subsidiaries.
Mr. Généreux is Senior Partner 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 Advanced University Degrees 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, the Loran Scholars Foundation, Michaëlle Jean Foundation and the Rhodes Scholarships in Canada. 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. Desmarais was appointed Senior Vice-President of Power Corporation and Power Financial in January 2017. Prior to joining Power as Vice-President in May 2014, 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 and Mackenzie. He was appointed Chairman of Power Energy Corporation in April 2015.
As of October 2016, he has been a member of the boards of the Montreal General Hospital Foundation, the Canada China Business Council and the Canadian Institute for Advanced Research.
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 Senior Vice-President of Power Corporation and Power Financial in January 2017. He acts as Executive Chairman of Sagard Holdings and Portag3 Ventures, Chairman of Peak Achievement Athletics and of Wealthsimple, and Vice-Chairman of Imerys. He is also a director of Great-West Life, Investors Group, Mackenzie, Pargesa, Groupe Bruxelles Lambert, IntegraMed, Personal Capital and Koho Financial Inc.
Before joining Power as Vice-President in May 2014, 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 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 Master in Business Administration from INSEAD in France.
Mr. Genest was appointed Senior Vice-President of Power Corporation and Power Financial in 2016.
His background includes government, academia and business. He served in a number of portfolios as a Deputy Minister in the Ontario Government, including Intergovernmental Affairs and Francophone Affairs. Mr. Genest was Deputy Minister responsible for oversight of the Pan Am and Parapan Am Games held in Toronto in 2015. He has served in the federal government as Director of Policy and Research in the Office of the Prime Minister of Canada. He held executive positions with the Council of Ontario Universities and Bell Canada and has served as Adjunct Professor at Glendon College, York University.
A Fellow at the Brookfield Institute for Innovation and Entrepreneurship at Ryerson University, Mr. Genest is an active volunteer with a number of organizations including Pine River Institute which provides residential rehabilitation for teenagers, The Nature Conservancy of Canada - Ontario Region, Business for the Arts and the Alliance Française de Toronto. A champion of diversity, he has been honoured for his advocacy for the rights of the LGBTQ community. He is a recipient of the Queen Elizabeth II Diamond Jubilee Medal.
Mr. Genest holds a Bachelor of Arts Honours (graduating cum laude) in English and Philosophy from the University of Guelph, a Masters in Philosophy from the University of Ottawa, and a Ph.D. in Philosophy from Johns Hopkins University in Baltimore, Maryland. He is also a graduate of the Advanced Management Program at Harvard Business School and has completed the Rotman School of Management, Institute of Corporate Directors - Directors Education Program (ICD.D).
Mr. Bellens was appointed Vice-President of Power Corporation in September 2016. Prior to joining the Corporation, he was Chief Financial Officer and Vice-President of Finance at La Presse, a subsidiary of the Corporation. In this role he oversaw all financial matters related to Square Victoria Communications Group (another subsidiary of the Corporation, overseeing Power’s media assets) and its subsidiaries, including La Presse. He was involved in the transition of La Presse from a primarily print operation to a digital company, in selling non-core assets, and in creating a new company to manage and license La Presse’s tablet business. Mr. Bellens served in several other capacities within Square Victoria Communications Group, which he joined in 2011.
During his career, Mr. Bellens has also held various operational positions at Mitel Networks and at Alcatel-Lucent, both in Europe and in Canada. Mr. Bellens holds a Bachelor degree in Electrical Engineering as well as a Master in Telecommunication Engineering, both from the Université Catholique de Louvain in Belgium.
He is a member of the Montreal Cancer Institute’s Young Ambassadors Circle and is involved each year in a number of philanthropic activities in the community.
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 and Secretary of the Society for the Celebrations of the 375th Anniversary of Montréal and a member of the Board of the Eulalie-Durocher Foundation.
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. Ó hÓgáin was appointed Vice-President of Power Corporation and Power Financial in September 2016. Prior to his appointment, Mr. Ó hÓgáin was Vice-President, Fundamental Equities Investing at State Street Global Advisors in Dublin, Ireland. In this capacity, he evaluated and invested in global energy equities, meeting with senior management teams to review strategic decisions and financial performance. He is the author of a number of articles on energy and commodities investing.
From 2006 to 2013, he worked for McKinsey & Company where he served as Associate Principal, Strategy and Corporate Finance in New York City. In this role, he provided advice on strategy, growth and operating performance to clients in several industries. He has also worked for Direct Energy in Houston, Texas and for Conciencia, a non-governmental organization in Buenos Aires, Argentina. He began his career in 2001 with Morgan Stanley’s investment banking division in the U.K.
Mr. Ó hÓgáin holds a Bachelor of Business Studies and French degree with first class honors from Trinity College Dublin, where he was a Foundation Scholar. He is a CFA charter holder and has a Master of Business Administration degree with High Distinction from the Harvard Business School.
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 school education was at the University of Toronto Schools.
Mr. Pan is active in the community, with particular interests in education and the arts. He is the Canadian National Secretary to the Rhodes Trust, Chair of Rhodes Scholarships in Canada (RSC), and a Director of the Canadian Rhodes Scholars Foundation. He also serves on the Board of Directors of Desautels Capital Management, the Opéra de Montréal and the Centaur Theatre.
Mr. Piché was appointed Vice-President at Power Corporation and Power Financial in May, 2017. Mr. Piché has been advising Power Corporation in various matters related to macro-economic trends and developments since early 2010. He formally joined as a Senior Advisor in March, 2012.
Previously, Mr. Piché was Vice-President, Investment Strategies, in the Private Equity group of Caisse de dépôt et placement du Québec, where he was responsible for recommending strategies related to the active management of the group’s investment portfolios. Before that, Mr. Piché was a Vice-President of SNC-Lavalin Capital, a wholly-owned subsidiary of SNC-Lavalin inc., a major Canadian engineering-construction company. He began his career in finance and investment in Germany, where he worked for Bayerische Vereinsbank AG, now UniCredit Bank AG.
Mr. Piché holds a Bachelor of Applied Sciences in Engineering Physics from Université Laval (Quebec City) and a Master of Arts in Philosophy, Politics and Economics from Oxford University, where he was a Rhodes Scholar.
Mr. Piché is actively involved in the community, notably as President of the Board of the Foundation of the Oratoire Saint-Joseph du Mont-Royal and with other charitable and religious organizations.
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 President of Square Victoria Real Estate 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, the Fondation Baxter & Alma Ricard and the Fondation OLO.
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. In February 2017, he also obtained the certification Chartered Director (C.Dir.) from The Directors College.
Mr. Robinson was appointed Vice-President of Power Corporation in January, 2016. He currently serves as President and as a Director of Sagard Holdings in the United States as well as Chairman of the Board of IntegraMed Fertility, and Board member of 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. Vigna was appointed Vice-President of Power Corporation in November 2016. He currently serves as the Managing Partner and Chief Investment Officer of Sagard Holdings. He is a Director of Peak Achievement Athletics.
Prior to his appointment, Mr. Vigna was a Managing Director at the Canada Pension Plan Investment Board (CPPIB) responsible for leading CPPIB’s Global Principal Credit Investments Group, a multi-strategy platform making direct principal credit investments, with approximately CAD$20 billion of assets under management. While at CPPIB, he was Chair of the Principal Credit Investment Committee, a member of the Private Investments Committee and also a member of the Credit Investments Committee.
Prior to joining CPPIB in 2009, Mr. Vigna was a Vice-President at Goldman Sachs in the Special Situations Group in New York and Toronto. In this role, he was one of the founding members of the Canadian Special Situations Group, which he co-headed prior to his departure. Before joining the Special Situations Group, he worked in Goldman Sach’s Investment Banking Division in New York where he was a member of their Financial Institutions Group.
Mr. Vigna holds a Bachelor of Commerce (Honours) degree from Queen’s University in Kingston, Ontario.
Mr. Vigna is an active supporter of the United Way in Toronto and is involved each year in a number of philanthropic activities in the community.
Mr. Vial has been Managing Director of Pargesa Holding since June 1, 2013. He joined the Pargesa group in 1988, starting at Parfinance S.A. in Paris and then with Pargesa Holding in 1993. Mr. Vial began his career in 1977 with Banque Paribas (Paris).
He joined the Power group of companies in 1997 and served as Senior Vice-President of Power Corporation and of Power Financial until 2018.
Mr. Vial graduated from the École supérieure d’Électricité in Paris. He serves on the Board of Directors of several companies, including Pargesa Holding and Groupe Bruxelles Lambert.
Mr. Larochelle was appointed President and Chief Executive Officer of Power Energy Corporation, a subsidiary of Power Corporation, in January 2012. From 2009 to 2018, he was Vice-President, Investments of Power Corporation.
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 Power Energy Corporation, Potentia Renewables Inc., Eagle Creek Renewable Energy and Bellus Health. He is also a Director and the Chairman of the Board of Lumenpulse Inc. and Lion Electric Company. 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 Foundation.
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).