Senior Management

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.

R. Jeffrey Orr

Mr. Orr was appointed President and Chief Executive Officer of Power Corporation in February 2020.

He has extensive experience in the financial services industry, including the past two decades in executive positions in Power group companies. He has been President and Chief Executive Officer of Power Financial since 2005. From 2001 to 2005, he was President and Chief Executive Officer of IGM Financial. 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.

He serves as a director of Power Corporation and Power Financial. He is also a director and Chairman of a number of Power Corporation subsidiaries, including Great-West Lifeco, Canada Life, Empower, Putnam Investments, IGM Financial, IG Wealth Management and Mackenzie. He is also a director of PanAgora Asset Management Inc.

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

Jocelyn Lefebvre

Mr. Lefebvre is Vice-Chairman, Europe of Power Corporation. He is also a founding partner and the Chairman of the Investment Committee of the European firm Sagard Private Equity Europe, part of Power Corporation’s alternatives investment platforms.

He joined Power Corporation in 1992 when he became its representative in Europe, playing a significant role in the financial and industrial transformation of Pargesa, the European investment arm of Power. Over the years, he sat on the boards of directors of group companies such as Imerys, Parfinance, RTL Group, Suez-Tractebel, Kartesia, AFE, Orior Food.

After serving as Vice-Chairman of Pargesa until November 2020, when Pargesa’s reorganization was completed, he remains a member of the board of Pargesa and Groupe Bruxelles Lambert.

Mr. Lefebvre has over 40 years of industrial and financial experience with numerous prominent organizations. He began his career in 1980 with Arthur Andersen in Montréal, before moving to Europe in 1982. He joined the Canadian manufacturing group M.I.L. Inc. in 1986, where he held a number of senior executive positions, whilst also assuming until 1991 the Chief Executive Officer role at Vickers Inc., one of the group’s larger operating units.

Mr. Lefebvre graduated from the École des Hautes Études Commerciales (HEC) in Montréal. He is a member of the Quebec Order of Chartered Professional Accountants.

Michel Plessis-Bélair

Mr. Plessis-Bélair has been Vice-Chairman of Power Corporation since 2008. He was Vice-Chairman of Power Financial from 2012 until 2020. 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 Power Sustainable. 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, Canada Life and Empower until 2016.

Mr. Plessis-Bélair was a Fellow of the Quebec Order of Chartered Professional Accountants until March 2019. 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.

Gregory D. Tretiak

Mr. Tretiak has been Executive Vice-President and Chief Financial Officer of Power and Power Financial since 2012. Among his different roles, he is responsible for finance, taxation, treasury, capital management, corporate finance, investor relations and oversight of risk, and participates actively in strategic transactions.

He is also a Director of a number of Power subsidiaries, including Lifeco, Canada Life, Empower, Putnam Investments, PanAgora Asset Management, IGM, IG Wealth Management and Mackenzie.

Mr. Tretiak joined Investors Group in 1984 and was Executive Vice-President and Chief Financial Officer of IGM until 2012. In this role, he was responsible for all financial functions at IGM and its subsidiaries.

He holds a Bachelor of Arts in Economics and Political Science from the University of Winnipeg and is a Chartered Professional Accountant, a Fellow of the Institute of Chartered Accountants 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.

Claude Généreux

Mr. Généreux has been Executive Vice-President of Power Corporation since 2015. He was Executive Vice-President of Power Financial from 2015 to 2020. He is a Director of Great-West Lifeco, Canada Life, Empower, Putnam Investments, IGM Financial, IG Wealth Management, Mackenzie and Groupe Bruxelles Lambert.

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 Sauvé Foundation, the Loran Scholars Foundation and the Rhodes Scholarships in Canada. 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.

Olivier Desmarais

Mr. Desmarais has been Senior Vice-President of Power Corporation since 2017. Mr. Desmarais is the driving force behind the Power Sustainable vision as a global, sustainability-led alternative asset manager.

He chairs the Canada China Business Council (CCBC) and also sits on the boards of directors of Canada Life, IG Wealth Management, Mackenzie and Lumenpulse.

He is actively engaged in the community as member of the Canadian Institute for Advanced Research.

Mr. Desmarais holds a Bachelor of Civil Law from the University of Ottawa, a Bachelor of Arts in Sociology and Political Science from McGill University, and has been a Québec Bar member since 2009.

Paul Desmarais III

Paul Desmarais III in the Senior Vice-President of Power Corporation since 2017 as well as the Chairman and CEO of Sagard, an alternative asset management firm active in venture capital, private equity, private credit, real estate, healthcare royalties and private wealth. 

Within the Sagard ecosystem, Paul is the Executive Chairman and Co-Founder of Portage Ventures and the Chairman and Co-Founder of Diagram.  Within the investment portfolios, he is the Chairman of Wealthsimple and Dialogue, and a director of Grayhawk and nesto.

Paul is dedicated to helping build a better business world. He is Co-Founder of the Black Wealth Club, where emerging Black leaders go to learn about creating wealth and reinvesting it in their communities. Under Paul’s leadership, Sagard has committed to a more sustainable financial system by becoming a signatory of the United Nations Principles for Responsible Investment, enlisting as a CREO participant, and embarking on its journey to carbon neutrality. Paul will also co-chair the Centraide (United Way) campaign in 2022.  

Prior to his current role, Paul worked at Goldman Sachs in the Investment Banking Division, Investment Strategy Group and Special Situations Group, Imerys S.A. in supply chain management and strategy and Great-West Lifeco Inc. in risk management.  He has earned a B.A. in Economics from Harvard College and holds an MBA from INSEAD. In 2017, Paul was recognized as one of the Top 40 Under 40 in Canada.

Paul C. Genest

Mr. Genest has been Senior Vice-President of Power Corporation since 2016. He was Senior Vice-President of Power Financial from 2016 until 2020.

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, Francophone Affairs and also Deputy Minister responsible for the Pan Am and Parapan Am Games held in Toronto in 2015.

He served in the federal government as Director of Policy and Research for Prime Minister Jean Chretien. He also served as Chief Executive Officer of the Council of Ontario Universities and as Assistant Vice-President of Bell Canada. He was an Assistant Professor of Philosophy at Union College, Schenectady, N.Y., and been an Adjunct Professor at Glendon College, York University.

Mr. Genest is an active volunteer with the Nature Conservancy of Canada, and is the incoming Chair of the Board, Ontario Region. He also sits on the Board of the National Gallery of Canada Foundation, and is a Board member of Business for the Arts and the Canadian Chamber of Commerce. He also volunteers with the Pine River Institute which provides residential treatment for youth with mental health and substance issues.

A champion of diversity, he has been honored for his advocacy for the rights of the LGBTQ community. He is a recipient of the Queen Elizabeth II Diamond Jubilee Medal. In June 2022, Mr. Genest was awarded an Honorary Doctorate from the University of Ottawa.

He holds a B.A., Honors (cum laude) in English and Philosophy from the University of Guelph, an M.A. in Philosophy from the University of Ottawa, and a Ph.D. in Philosophy from The Johns Hopkins University. He is a graduate of the Advanced Management Program at Harvard Business School where he was the Valedictorian, and has also completed the Rotman School of Management, Institute of Corporate Directors - Directors Education Program.

Charles Dumont

Mr. Dumont has served as Vice-President of Power Corporation since 2021. In his role, he advises and supports the Corporation and its group companies on matters related to strategy and transformation.

Before joining Power Corporation, Mr. Dumont was Head of Digital Sales and Marketing for Cirque du Soleil, where he led Cirque’s digital transformation with its private equity owners. Prior to this, Mr. Dumont founded SensorFocus, a startup in the cloud data and analytics space. SensorFocus was sold to Cirque du Soleil in 2018. Before that, he spent 8 years at McKinsey and Company serving leading global companies in the Financial Services, Manufacturing and Energy sectors. From 2008 to 2010, Mr. Dumont worked at Plainfield Asset Management, a New York–based special situations hedge fund, as a Senior Vice-President covering the energy sector.

Mr. Dumont holds a Bachelor of Science in Mechanical Engineering from the Université Laval, as well as a Master of Science in Mechanical Engineering from the Massachusetts Institute of Technology (MIT).

Denis Le Vasseur

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. In 2020, Mr. Le Vasseur received the prestigious title of Fellow from the Order of Chartered Professional Accountants of Quebec (FCPA). This title formally recognizes those members whose achievements in their careers or in the community have earned them distinction and brought honor to the profession. 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.

Stéphane Lemay

Mr. Lemay has been Vice-President, General Counsel, and Secretary of Power Corporation and Power Financial since 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.

Yuhong Liu (Henry)

Mr. Liu has been Vice-President of Power Corporation since 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 sits on the boards of directors of Power Sustainable Investment Management Inc. and of Power Pacific (Shanghai) Investment Management. 

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 Jiuding Scholarship Program dedicated to Chinese students studying in Canada, and is a member of the board of directors of the Montreal Chinese Hospital Foundation. He is also actively involved in supporting the development of cultural programs to promote local Chinese communities in Canada.

Richard Pan

Mr. Pan has been Vice-President and Head of Corporate Finance of Power Corporation since 2008 and is a leader in the finance and corporate strategy teams. He was Vice-President of Power Financial from 2008 until 2020.

Before joining Power, 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.

Luc Reny

Mr. Reny has been Vice-President of Power Corporation since 2005. Currently, he is responsible for human resources and compensation matters as well as real estate management and various aspects of Power’s operations. He was Vice-President of Power Financial from 2009 until 2020. 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. and is also a member of the board of Liberty Springs.

Over the years, he has participated in many fundraising activities for various charitable organizations. He currently serves as the Chairman of the board of the Fondation Armand-Frappier and is also a member of the boards of 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.

Scroll To Top