MONTREAL, Feb. 10 /CNW Telbec/ - The Board of Directors of the Caisse de
dépôt et placement du Québec held a meeting today during which it unanimously
adopted a resolution reiterating its confidence in the senior management team.
The resolution reads as follows:
"That the Board of Directors unanimously and unequivocally reaffirms its
confidence in the President and Chief Executive Officer, Fernand
Perreault, and the senior management team of the Caisse;
"That the Board of Directors reiterates its support for the work plan
prepared and implemented by the President and Chief Executive officer and
the senior management team in response to the global financial crisis;
"That the Board of Directors declares it is satisfied with the progress
made to date with the application of senior management's work plan; and
"That the Board of Directors deplores the current situation as conveyed
by the media and its impacts on the Caisse's employees."
At the same time, the Board denied the media's allegations that a plan to
replace most of the Caisse's senior officers was being prepared.
About the Caisse de dépôt et placement du Québec
The Caisse de dépôt et placement du Québec is a financial institution
that manages funds primarily for public and private pension and insurance
plans. As at December 31, 2007, it held $155.4 billion of net assets. One of
the leading institutional fund managers in Canada, the Caisse invests in the
main financial markets as well as in private equity and real estate. For more
For further information:
For further information: Maxime Chagnon, (514) 847-5493