MONTREAL, Aug. 15, 2014 /CNW Telbec/ - La Caisse de dépôt et placement
du Québec is pleased to appoint Christian Dubé to the position of
Executive Vice-President, Québec. This appointment builds on the May
announcement of the creation of an executive position dedicated
exclusively to Québec. La Caisse is therefore taking an important step
in the deployment of its strategy.
With the appointment of Mr. Dubé to this key position, La Caisse is
positioning itself to maximize its impact in Québec. Mr. Dubé will
deploy La Caisse's investment strategy, which aims at galvanizing the
province's economy by fostering the growth and development of Québec
companies. Specifically, La Caisse will play a role in the
international expansion of Québec companies, facilitate business
succession in established SMEs, and promote a new generation of
Mr. Dubé will sit on La Caisse's Executive Committee and its
Investment-Risk Committee. Accordingly, La Caisse will be well
positioned to seek out the best investment opportunities for its
clients, in all regions of Québec. Mr. Dubé will also advise La Caisse
on all strategic issues in Québec.
"Mr. Dubé has an intimate knowledge of the Québec economy," said Michael
Sabia, President and Chief Executive Officer of La Caisse. "He
understands why it is imperative that Québec companies go global - and
he shares with La Caisse its sense of urgency. He understands why SMEs,
which are infused with an entrepreneurial spirit, are the engine of
Québec's future growth. For all those reasons, he is the ideal
candidate to spearhead La Caisse's work in Québec.
"Whether it is the challenges that he successfully faced at Cascades and
at Domtar or the work that he did in Québec's National Assembly, Mr.
Dubé has always had a strong Québec at heart," continued Mr. Sabia.
"His commitment to public interest is something that I have long
"There is no doubt in my mind that through his work at La Caisse, Mr.
Dubé will continue to make an important contribution to Québec,"
concluded Mr. Sabia
"Throughout my entire professional life, I have worked on building
strong Québec companies whose ambitions extend well beyond our
borders," said Christian Dubé. "This new position at La Caisse is a
natural extension of my work and commitment to Quebec."
"Quebec has immense potential, and I am thrilled that La Caisse has
entrusted me with the responsibility of deploying an investment
strategy that will act as a catalyst for its economy," he added.
Prior to being elected to Québec's National Assembly in 2012, Mr. Dubé
led a distinguished career in the private sector. He worked as a
chartered accountant for a large accounting firm before joining Domtar
in 1996. At Domtar, he started as Vice-President, Strategy, later
stepping into the role of Executive Vice-President and Chief Financial
Officer. In those positions he was responsible for mergers and
acquisitions. He concluded the purchase of Georgia-Pacific's paper
mills in the United States and worked on the creation of Norampac,
among other transactions.
In 2004, Mr. Dubé joined Cascades as Vice-President and Chief Financial
Officer. In the latter role, he oversaw the pension plans of this paper
products company. From 2009 to 2012, as President of Cascades' European
subsidiary, he worked in Europe. He integrated Italian cardboard
producer, Reno De Medici, whose acquisition he had negotiated.
Mr. Dubé's established reputation in the business community extends well
beyond the forest products industry, as he has sat on the boards of
Héroux-Devtek, National Bank Financial and Fido, among others.
Before joining La Caisse, Mr. Dubé represented the riding of Lévis in
the Québec National Assembly. As finance and treasury spokesperson for
the Coalition Avenir Québec, he was Vice-President of the Commission
des finances publiques.
Mr. Dubé will take up his new position on September 15.
Since La Caisse implemented its investment strategy in 2009, it has
introduced many initiatives in Québec to strengthen the most promising
companies and identify the most profitable investments, in all asset
classes. As a result, La Caisse's new investments and commitments in
Québec total $12.7 billion.
ABOUT LA CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
La Caisse de dépôt et placement du Québec is a long-term institutional
investor that manages funds primarily for public and parapublic pension
and insurance plans. As at December 31, 2013, it held $200.1 billion in
net assets. As one of Canada's leading institutional fund managers, La
Caisse invests in major financial markets, private equity,
infrastructure and real estate, globally. For more information: www.lacaisse.com.
SOURCE: Caisse de dépôt et placement du Québec
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