MONTREAL, Dec. 1 /CNW Telbec/ - The Caisse de dépôt et placement du Québec today announced that Fernand Perreault is retiring. Since last April, Mr. Perreault held the position of Strategic Adviser to the President, after serving as President and Chief Executive Officer from January to March 2009, and Executive Vice-President, Real Estate, from 1995 to 2009.
Michael Sabia, the Caisse's President and CEO, paid tribute to Mr. Perreault. "Fernand Perreault was one of the building forces of the Caisse. He made a remarkable contribution. He was the architect of the real estate portfolio and was among those who demonstrated that the Caisse and its Real Estate group could take Québec's ambition and know-how at home and around the world. I would also like to acknowledge Mr. Perreault's great commitment and dedication. On a personal level, I want to thank him for his unwavering support and invaluable counsel since I joined the Caisse," he said.
"If the Caisse's Real Estate group today ranks among the world's top 10 real estate asset managers, it is no doubt due to Mr. Perreault's flair, perseverance and diligence," added René Tremblay, Executive Vice-President, Real Estate. "The group's long-term results eloquently attest to the fact that his vision has borne fruit. It's an honour for me to continue his work. And we are also privileged to be able to continue drawing on Mr. Perreault's expertise, as a member of the boards of administration of the Caisse's real estate subsidiaries."
In his role as Strategic Adviser to the President, Mr. Perreault shared his expertise on strategic business objectives, contributed to defining the actions to be taken to address the new reality of financial markets and assisted the President and the Executive Committee with the implementation of the Caisse's priorities.
Prior to his appointment as Executive Vice-President, Real Estate, Mr. Perreault served as President and CEO of real estate subsidiary SITQ, from 1987 to 1995.
About the Caisse de dépôt et placement du Québec
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. At December 31, 2008, it held $120.1 billion of net assets. As one of the leading institutional fund managers in Canada, the Caisse invests in the main financial markets as well as in private equity and real estate. For more information: www.lacaisse.com.
SOURCE Caisse de dépôt et placement du Québec
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