Power Corporation of Canada has announced that Henri-Paul Rousseau has stepped down from his position as vice-chairman of the board of both Power Corporation and Power Financial Corporation. He has served as vice-chairman of both company’s boards since 2009, while also sitting on the boards of Great-West Lifeco and IGM Financial, as well as their subsidiaries.
Rousseau’s retirement takes effect January 01, 2018.
According to
Insurance & Investment Journal, Rousseau will be serving as a visiting professor at the Paris School of Economics during the 2018-2019 academic year.
“Mr. Rousseau has made an outstanding contribution to our management team and to our subsidiaries’ boards over the last nine years,” said Power Corporation deputy chairman, president and co-CEO and Power Financial executive co-chairman André Desmarais.
“He played a key role in leading economic and market research on pension systems, retirement product design and the value of financial advice, the results of which were used by our operating businesses for the benefit of their clients,” added Power Corporation chairman and co-CEO and Power Financial executive co-chairman Paul Desmarais, Jr.
“On behalf of the directors of Power Corporation and Power Financial, I want to express our sincere appreciation to Mr. Rousseau and wish him the very best in his future endeavours.”
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