MONTREAL, March 19, 2013 /CNW Telbec/ - At Laurentian Bank's Annual
Shareholders' Meeting held today at the Montréal Science Centre, Mr. L.
Denis Desautels marked his last such assembly in the role of Chairman
of the Bank's Board of Directors. Mr. Desautels has sat on the Board
for the past 11 years, including 10 as Chairman.
A man of values and principles, Mr. Desautels led the Board of Directors
with a great degree of integrity and pragmatism, while lending the Bank
his keen vision and business sense. During the decade that he served as
Board Chairman, he played a decisive role in advancing the development
and profitability of the Bank, having actively participated in
consolidating its foundations.
"I am proud of the progress made by the Bank during the years that I had
the privilege of serving as its Chairman," underlined Mr. Desautels.
"The organization is solid, its directions are clear, and it has a well
developed and coherent business strategy. I am convinced that, thanks
to its highly able Management team and Board of Directors, the
organization will successfully continue to pursue its growth in the
years to come."
"Over the course of the past 10 years, Mr. Desautels played a strategic
role in the decisions leading to the improvement of the institution's
performance," added Bank President and CEO, Réjean Robitaille, at the
Annual Meeting. "Always committed to acting in the best interests of
the Bank's stakeholders, his counsel and leadership served as
particularly valuable assets. I would like to join the members of the
Board and Management Committee, as well as our employees and
shareholders, in extending a warm thank you to Mr. Desautels for his
exceptional contribution to the Bank. We wish him all the very best in
his future endeavours."
An accountant by training, Mr. Desautels has occupied numerous positions
of responsibility over the course of his distinguished career,
including Auditor General of Canada from 1991 to 2001. He is recognized
as a Canadian authority in the area of corporate governance and is
considered to be one of the country's most eminent auditors general.
Denis Desautels holds a Bachelor's degree in Commerce from McGill
University. Throughout his career, he has been awarded numerous awards,
including honorary doctorates from the University of Ottawa, University
of Waterloo and Saint Paul University. He is an Officer of the Order of
Canada and is a Fellow of both the Québec Order of Chartered Accounts
and the Institute of Chartered Accountants of Ontario.
About Laurentian Bank
Laurentian Bank of Canada is a pan-Canadian banking institution that has
more than $34 billion in balance sheet assets and $36 billion in assets
under administration. Founded in 1846, Laurentian Bank was selected in
2012 as one of the 10 winners of the Canada's Passion Capitalists
program in recognition of its sustained success through the promotion
of passion within its ranks. The Bank employs more than 4,200 people.
Recognized for its excellent service, proximity and simplicity,
Laurentian Bank serves more than one million clients in market segments
in which it holds an enviable position. In addition to occupying a
choice position among consumers in Québec, where it operates the third
largest branch network, the Bank has built a solid reputation across
Canada in the area of real estate and commercial financing thanks to
its teams working out of more than 35 offices in Ontario, Québec,
Alberta and British Columbia. Its subsidiary, B2B Bank, is a Canadian
leader in providing banking products as well as investment accounts and
services to financial advisors and brokers, while Laurentian Bank
Securities is an integrated broker, widely known for its expertise and
SOURCE: Laurentian Bank of Canada
For further information:
Vice-President, Public Affairs, Communications and Investor Relations
Office: (514) 284-4500, ext. 7511