Senior Management

Paul Desmarais, Jr. , O.C., O.Q.

Co-Chairman of the Board

Mr. Desmarais is Co-Chairman of Power Financial and Chairman and Co-Chief Executive Officer of Power Corporation. 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 Total, Lafarge and SGS.

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 and a member of the Brookings Executive Committee (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 nationale du Québec. In 2012, he was named Chevalier de la Légion d’honneur in France.

André Desmarais

Co-Chairman of the Board

Mr. Desmarais is Co-Chairman of Power Financial and Deputy Chairman, President, and Co-Chief Executive Officer of Power Corporation. 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 (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.

R. Jeffrey Orr

President and Chief Executive Officer

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.

Raymond L. McFeetors

Vice-Chairman

Mr. McFeetors has been Vice-Chairman of Power Financial since 2008. He was with the Great-West group of companies since 1968, serving as President and Chief Executive Officer from 1993 to 2008. He was Chairman of the Board of Great-West Lifeco and a number of its major subsidiaries from 2008 to 2013 and a Director spanning 20 years.

Mr. McFeetors serves on the boards of directors of a number of national organizations in the health, education, cultural, and business sectors.

In 2002, Mr. McFeetors was appointed Honorary Colonel of The Royal Winnipeg Rifles and, that same year, was awarded the Queen Elizabeth II Golden Jubilee Medal. He holds a Bachelor of Arts degree from the University of Winnipeg and was awarded an Honorary Doctor of Laws by his alma mater in 2007. Mr. McFeetors is a CFA charterholder.

Michel Plessis-Bélair

Vice-Chairman

Mr. Plessis-Bélair is Vice-Chairman of Power Financial since 2012 and of Power Corporation since 2008. 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 North America and Europe, including Great-West Lifeco, Great-West Life, Great-West Life & Annuity, London Life, Canada Life Financial, Canada Life, IGM Financial, Investors Group, Mackenzie Financial, Pargesa, Groupe Bruxelles Lambert, and La Presse ltée. Mr. Plessis-Bélair is also a director of Lallemand Inc. and Hydro-Québec, and is a member of the International Advisory Board of École des hautes études commerciales (HEC) of Montréal.

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.

Henri-Paul Rousseau , Ph.D.

Vice-Chairman

Mr. Rousseau has been a 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 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.

Amaury De Seze

Vice-Chairman

Mr. de Seze has been Vice-Chairman of Power Financial since 2010. Prior to that, he served as a director of Power Corporation from 2001 and as a vice-chairman from 2008. He was Chairman of PAI partners, a private equity fund management company, from 1998 to 2007, and was a member of the Executive Committee of BNP Paribas, one of Europe’s largest banks, until 2004.

He serves on the board of directors of several European-based companies, including Carrefour, Publicis, Imerys, Thales, Groupe Bruxelles Lambert, Pargesa, and BW Group. He joined the Paribas group in 1993 as a member of the Management Board of Banque Paribas and Compagnie Financière de Paribas. Before that, he held senior positions with Volvo Group, including as a member of the Management Board of AB Volvo in Sweden.

Mr. de Seze serves on the board of the Fondation Un Avenir Ensemble in France, whose mission is to assist students from economically disadvantaged environments and to facilitate first-time employment.

In 1991, he was named a Chevalier de l’Ordre national du Mérite (France) and, in 1996, an Officier de l’Ordre national de la Légion d’honneur (France). Mr. de Seze holds a degree from the Centre de Perfectionnement dans l’Administration des Affaires (CPA) in France, and he studied at the Stanford Graduate School of Business.

Gregory D. Tretiak

Executive Vice-President and Chief Financial Officer

Mr. Tretiak was appointed Executive Vice-President and Chief Financial Officer of Power Financial and Power Corporation 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 since 1999. 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.

Arnaud Vial

Senior Vice-President

Mr. Vial joined the Power group of companies in 1997 and currently serves as Senior Vice-President of Power Financial and of Power Corporation. He is involved in various investments in North America, 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, Sagard Capital Management and DuProprio Inc.

Olivier Desmarais

Vice-President

Mr. Desmarais was appointed Vice-President of Power Financial and Power Corporation 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.

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

Paul Desmarais, III

Vice-President

Mr. Desmarais was appointed Vice-President of Power Financial and Power Corporation 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, Groupe Bruxelles Lambert and Imerys.

In 2000, he was awarded the Duke of Edinburgh’s Award (Gold Level). Mr. Desmarais is the Founder and Honourary 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 Artic 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 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.

Jocelyn Lefebvre

Managing Director, Power Financial Europe B.V.

Mr. Lefebvre has been Managing Director for Europe since 1992 and, during that period, he played a significant role in the financial and industrial transformation of Pargesa, the European investment arm of Power.

He is also a founding partner and a member of the Investment Committee of the European private equity firm Sagard, sponsored by Power Corporation in cooperation with a small group of industrial and influential entrepreneurial families and renowned financial institutions.

Mr. Lefebvre has over 30 years of industrial and financial experience with numerous prominent organizations. He began his career 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 Canadian Chartered Professionnal Accountants Association.

Denis Le Vasseur , CPACA

Vice-President and Controller

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.

Stéphane Lemay

Vice-President, General Counsel and Secretary

Mr. Lemay was appointed Vice-President, General Counsel, and Secretary of Power Financial and Power Corporation in August of 2012. Mr. Lemay joined Power Corporation of Canada 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.

Mr. Lemay began his career with the law firm Byers Casgrain, now Fraser Milner Casgrain, 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. 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.

Richard Pan

Vice-President

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 National 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.

Luc Reny , CFA

Vice-President

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 boards of directors of Square Victoria Communications Group, La Presse ltée, Le Club de hockey Les Remparts de Québec, and CV Tech Group. Mr. Reny is also a member of the board of the Canadian Chamber of Commerce.

Over the years, he has participated in many fundraising activities for various charitable organizations. He currently serves on the boards of Forces Avenir, 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.

Isabelle Morin , CPACA

Treasurer

Ms. Morin has been the Treasurer of Power Financial and Power Corporation since 2006, and is also responsible for investor relations. Prior to joining Power Corporation, she was Director, Internal Audit and Financial Planning, of Cogeco Inc., a diversified Canadian communications company, from 2001. Among her responsibilities, she analyzed and evaluated the financial affairs and value of potential acquisitions for the company.

From 1997 to 2001, Ms. Morin occupied various functions within Groupe Vidéotron ltée, overseeing and improving the financial operations for several of its subsidiaries. Ms. Morin was also Senior Financial Analyst for Teleglobe Canada from 1995 to 1997, and prior to that, worked as an auditor for Samson Belair/Deloitte & Touche from 1991. She sits on the Board of Directors of the Fondation des amis et des anciens de l’Externat Mont-Jésus-Marie.

Ms. Morin holds a Bachelor of Business Administration from Université du Québec à Montréal and is a Chartered Accountant.

Power Financial’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.

To learn more about our management team, click on the names to the left to view each member’s biography.