MONTRÉAL, Dec. 15, 2017 /CNW Telbec/ - Power Corporation of Canada (TSX: POW) today announced that Henri-Paul Rousseau has decided to retire as of January 1, 2018. Mr. Rousseau has served as Vice-Chairman of the Board of both Power Corporation and Power Financial Corporation since January, 2009, while also sitting on the boards of directors of Great-West Lifeco Inc. and IGM Financial Inc. and those of their respective subsidiaries.
"Mr. Rousseau has made an outstanding contribution to our management team and to our subsidiaries' boards over the last nine years," said André Desmarais, Deputy Chairman, President and Co-Chief Executive Officer of Power Corporation and Executive Co-Chairman of Power Financial. "He played a key role in leading economic and market research on pension systems, retirement product design and the value of financial advice, the results of which were used by our operating businesses for the benefit of their clients. On behalf of the Directors of Power Corporation and Power Financial, I want to express our sincere appreciation to Mr. Rousseau and wish him the very best in his future endeavours," added Paul Desmarais, Jr., Chairman and Co-Chief Executive Officer of Power Corporation and Executive Co-Chairman of Power Financial.
Mr. Rousseau will be a visiting professor at the Paris School of Economics during the 2018-2019 academic year. There he will conduct research on the impact of new digital technologies and robotization on government activity, as well as on the redefinition of public policies relating to taxation, income distribution and regulatory frameworks.
Mr. Rousseau will also continue his philanthropic activities in the fields of health and education while remaining involved with Québec medium- and large-sized companies of global scope as a founding co-chairman of the QG100 Network.
About Power Corporation
Power Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, renewable energy, communications and other business sectors in North America, Europe and Asia. To learn more, visit www.powercorporation.com.
SOURCE Power Corporation of Canada
For further information: Stéphane Lemay, Vice-President, General Counsel and Secretary, 514-286-7400