Mario D. Morroni named Executive Vice President, Strategy and Capital
Rita-Rose Gagné appointed Executive Vice President, Growth Markets
MONTREAL, Nov. 21, 2013 /CNW Telbec/ - Daniel Fournier, Chairman of the
Board and Chief Executive Officer of Ivanhoé Cambridge, is pleased to
announce the following appointments to the Company's senior management
Strategy and Capital Allocation
Mario D. Morroni is appointed Executive Vice President, Strategy and
Capital Allocation, effective January 13, 2014.
Mr. Morroni, who will report to the Chairman and Chief Executive
Officer, is currently President and Chief Executive Officer of the
Association de bienfaisance et de retraite des policiers et policières
de la Ville de Montréal (ABRPPVM).
"As he has served on our Board of Directors and its Audit Committee for
several years, Mr. Morroni is already very familiar with our
organization, the real estate industry and its challenges," Mr.
Fournier said. "We are relying on him to give a fresh boost to our
strategic direction, at a time when we are experiencing strong growth
both here in Canada and internationally. We are certain that he will
prove to be a valuable asset for Ivanhoé Cambridge's senior leadership
team and that he will also make an important contribution to our
management of capital allocation."
Mr. Morroni will relinquish his responsibilities at the Board and Audit
Committee level prior to taking up his new duties with the Company.
Rita-Rose Gagné, until now responsible for strategy at the Company, is
appointed Executive Vice President, Growth Markets, effective
"As is the case for our principal shareholder, the Caisse de dépôt et
placement du Québec, the growth markets sector is assuming greater
importance at Ivanhoé Cambridge," Mr. Fournier explained. "There are
many investment opportunities, the conditions for success are complex
and require very strong strategic and transactional abilities, areas in
which Rita-Rose excels."
About Ivanhoé Cambridge
Ivanhoé Cambridge is a world-class real estate company that leverages
its high-level expertise in all aspects of real estate including
investment, development, asset management, leasing and operations, to
deliver an optimal return for its investors. Through its multiple
subsidiaries, its assets in more than 20 countries were valued at over
Cdn$35 billion as at December 31, 2012. Ivanhoé Cambridge is a real
estate subsidiary of the Caisse de dépôt et placement du Québec (lacaisse.com), one of Canada's leading institutional fund managers. For more
information, visit ivanhoecambridge.com.
Biographical notes - Mario D. Morroni
Mr. Morroni is an experienced senior manager with solid experience in
finance and investments, as well as management and administration in
the pension funds sector. He joined the ABRPPVM in 2001 as Vice
President, Operations and Human Resources, and as a member of the Board
of Directors. In 2010, he was appointed President and CEO and assumed
responsibility for administration of pension plans with total assets
under management of $4 billion. He also served as Chair of the Board of
Directors, the Investments Committee and the Pension Committee of the
ABRPPVM employees' pension plan.
Mr. Morroni worked previously for the Fraternité des policiers et
policières de Montréal as Secretary-Treasurer and member of the
Mr. Morroni holds a Bachelor of Business Administration degree with a
specialization in Finance from Concordia University.
SOURCE: Ivanhoé Cambridge
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