MONTRÉAL, June 26, 2014 /CNW Telbec/ - The Board of Directors of the Fonds de solidarité FTQ unanimously appointed Gaétan Morin as President and Chief Executive Officer of the organization. Gaétan Morin has held the position of Executive Vice-President, Corporate Development and Investment, at the Fonds since 2012.
"In addition to being a consensus-builder and a leader, Gaétan Morin has demonstrated the highest level of integrity and a strong commitment to ethics throughout his career," said Robert Parizeau, President of the Fonds' Board of Directors. "His in-depth knowledge of the investment business and his passion for Québec's development make him the ideal ambassador for our organization. We firmly believe that he will successfully meet the challenges of an ever changing evironment, while respecting the nature of the Fonds de solidarité FTQ."
"I am very proud to take up the challenge handed to me today," said Gaétan Morin. "As the new President and CEO of the Fonds, I plan on expediting our strategic plan review. It is important that we question and consider the Fonds' challenges to better meet the needs of businesses in Québec. In addition, I will ensure that the new Québec government continues to recognize the Fonds' relevance for Québec's economy. Lastly, I intend to fully support the implementation of the governance changes proposed by the Board of Directors in February 2014."
The Board of Directors of the Fonds set up a selection committee in February 2014 to select the Fonds' new President and CEO. The co-chairs of this committee, Robert Parizeau and Daniel Boyer, were seconded by Serge Cadieux, Secretary General of the Fédération des travailleurs du Québec (FTQ), Michèle Colpron, an independent member on the Fonds' Board of Directors, and Raymond Bachand, Strategic Adviser at Norton Fullbright. Odgers Berndtson, the executive recruiting firm, provided support to committee members throughout the selection process.
Prior to his position as Executive Vice-President, Corporate Development and Investment, Gaétan Morin held the following functions at the Fonds, in succession: Financial Adviser, Portfolio Manager, Director of Investments, and Senior Vice-President, Natural Resources and Consumer Goods. Well respected by Québec's business community, Gaétan Morin has sat on the boards of several public and private corporations. He is currently a board member of the Fondation de l'entrepreneurship and SSQ Groupe financier. With a master's degree in economic geology, Gaétan Morin also completed undergraduate studies in finance and geology at the Université du Québec à Montréal (UQAM). In 2005, he was awarded the Prix Mérite Ressources by the Ordre des géologues du Québec.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $9.7 billion as of November 30, 2013, the Fonds is a development capital fund that channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and further Québec's development. The Fonds is a partner, either directly or through its network members, in 2,400 companies. With over 615,000 shareholder-savers, the Fonds helps create, maintain and protect more than 170,000 jobs.
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SOURCE: Fonds de solidarité FTQ
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