MONTRÉAL, April 1, 2026 /CNW/ - The Board of Directors announces the appointment of Stéphan Morency as President and Chief Executive Officer of Fondaction and of the Bâtirente and Fondaction Combination. The decision was approved on the recommendation of the Human Resources Committee following a thorough and diligent process. This concludes a two-year leadership transition process aimed at ensuring strong continuity while infusing the organization with renewed energy. Stéphan takes over from Geneviève Morin, who announced her retirement on February 11. He will officially assume his duties on Monday, April 13, 2026.
Stéphan Morency states: "Finance can and must serve the common good. This is the guiding principle of my commitment, and the vision I want to share with everyone who's part of our movement. We have a strong lever at our disposal: the ability to empower people by pooling their savings collectively and investing them in businesses, organizations and projects that have a positive impact and help to build the world they want. I'm grateful to accept this role within the organization I joined over 15 years ago and have loved from day one."
Caroline Senneville, Chair of the Board of Directors, states: "Stéphan Morency is taking over as President and Chief Executive Officer as part of a thoughtful and carefully planned transition. Both an advocate and a financial expert, Stéphan embodies the organization's culture perfectly. His forward-thinking leadership, vision and ambition were universally lauded. The Board of Directors has full confidence in him and pledges its support as he fulfils his duties at the helm of a thriving organization poised to elevate its mission to new heights."
About Stéphan Morency
Stéphan Morency is a dedicated leader who is recognized for his work in sustainable finance and impact investing, both in Québec and abroad. He has over 25 years' experience, including 15 years at Fondaction, and is committed to using finance to promote social and environmental progress.
As a member of the Investors' Council of the Global Impact Investing Network (GIIN), he participates in international discussions on issues related to climate finance and impact investing.
From 2019 to 2024, he served as Vice-President and Chief Investment Officer of Fondaction, spearheading several structuring innovations in climate and social finance both in Québec and internationally. These included the creation of Fondaction Asset Management, the Inlandsis Fund (greenhouse gas reduction linked to North American carbon markets), SOFIAC (energy efficiency), the Angus Technopole Trust, and the UPA-Fondaction Agricultural Trust.
Appointed Executive Vice-President, Strategy and Planning in 2024, he was tasked with defining the vision and strategy for the group that would emerge from the Bâtirente and Fondaction Combination. He prepared to assume leadership of the organization as part of a structured succession plan initiated by Geneviève Morin, then President and Chief Executive Officer, and overseen by the Board of Directors.
Active in civil society, he contributes to various democratic and participatory initiatives. He chairs the Board of Directors of Multitudes, an organization that supports the development of a large-scale movement promoting a vibrant democracy in Québec. He also served as Chairman of the Board of the L'Itinéraire Community Group.
About the organization
Fondaction and Bâtirente--the labour-sponsored fund and group retirement plan established at the CSN's initiative--have joined forces to form a new organization that uses group savings as a catalyst for social and environmental progress.
In partnership with Fondaction Asset Management, this new group develops sustainable and impact-driven savings and investment solutions. Its offerings are aimed at socially conscious individuals and groups who want their savings to reflect their values and help build the world in which they want to live. In 2026, it has more than $6 billion in funds and assets under management, including for nearly 250,000 people who have chosen to entrust their savings to it.
SOURCE Fondaction
Marie-Christine Fiset, Senior Advisor, Communications and Public Relations, [email protected]
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