In memory of Roland Chagnon, FCA (HEC Montréal 1930), Lallemand donates $1 million to HEC Montréal for research in accounting, taxation and auditing

    MONTREAL, Jan. 4 /CNW Telbec/ - HEC Montréal is pleased to announce that
Lallemand has donated $1 million to create two professorships in memory of
Roland Chagnon. Full Professor Suzanne Landry and Associate Professor
Danielle Morin, both with the Department of Accounting Studies, have been
appointed Roland Chagnon Professor of Accounting and Taxation and
Roland Chagnon Professor of Auditing, respectively.
    This will allow Professors Landry and Morin to devote themselves
intensively to their research and teaching. Ms. Landry is particularly
interested in corporate accounting and taxation and corporate reorganizations.
Ms. Morin, for her part, is one of the few academics to focus on the complex
subject of public sector auditing.
    As HEC Montréal Director Michel Patry noted, "This generous contribution
by Lallemand will allow the School to strengthen its leadership in terms of
accounting research, a field in which HEC Montréal has always aspired to a
major role. The two professors who will benefit from this support from
Lallemand are already well known in their respective fields, so this is sure
to contribute to the School's profile in the Quebec business world and on the
international scene."
    Roland Chagnon graduated with a commerce degree, with great distinction,
from HEC Montréal in 1930. He earned his CA and practised as an accountant for
many years, before becoming the Treasurer and later the Executive Director of
the Syndicat de Québec department store in Quebec City, and later of
Dupuis Frères. He acquired Lallemand in 1952 and served as President and CEO
until 1975. He remained active in the family business up to age 93, on the
Board of Directors. "Social commitment was one of my father's basic values,
and he was always involved in Montreal economic and social life," emphasized
Jean F. Chagnon, President of Lallemand. "He was always concerned with
creating a prosperous society. Contributing to society by supporting the
training of our future business elite was one of his lifelong priorities."
    Mr. Chagnon always maintained close ties with his alma mater. While he
was President of the Chambre de commerce de Montréal in 1956, it pressured the
Quebec government to recognize the Ecole des hautes études commerciales (HEC)
as a university - this status was granted in 1957. He continued to support the
School as a member of its Board from 1957 to 1963, and served as President of
the Réseau HEC Montréal alumni association in 1961. He received the Commerce
Gala award in 1990, along with a prize of $5,000, which he donated to the
HEC Montréal alumni foundation. HEC Montréal conferred an honorary doctorate
on Mr. Chagnon in 1991, and presented him with the Diplômé HEC émérite award
in 1992.

    About HEC Montréal

    HEC Montréal is Canada's first business school, founded in 1907, and
celebrated its 100th anniversary in 2007. Today the School offers 35
management programs, from the undergraduate to postgraduate level, and
welcomes some 3,300 international students from roughly 100 countries. It has
250 career professors and is a leader in research, with some fifty research
chairs, centres and groups. HEC Montréal was the first school in North America
to be granted the three most prestigious international accreditations in the
field of management education: AACSB International, EQUIS and AMBA. Its alumni
network is nearly 58,000 strong.

    About Lallemand

    Lallemand, Inc. is a privately held Canadian company founded at the end
of the 19th century, specializing in the development, production and marketing
of yeast and bacteria. With production plants on several continents and
worldwide distribution capacities, Lallemand is apparently the only supplier
of both yeast and bacteria on such a wide scale. The administrative offices
for the parent company are in Montreal, Canada, on the historic site of the
first yeast production plant.

For further information:

For further information: or a photo request, please contact: Ginette
Larose, HEC Montréal, (514) 340-6081

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