People: Power Financial Corp (POFNF.PK)

POFNF.PK on OTC Markets Group

32.34USD
10 Sep 2014
Price Change (% chg)

$-0.15 (-0.47%)
Prev Close
$32.49
Open
$32.39
Day's High
$32.39
Day's Low
$32.33
Volume
267
Avg. Vol
1,909
52-wk High
$34.66
52-wk Low
$29.91

Search Stocks

Summary

Name Age Since Current Position

Andre Desmarais

57 2008 Co-Chairman of the Board

Paul Desmarais

60 2008 Co-Chairman of the Board

R. Jeffrey Orr

55 2005 President, Chief Executive Officer, Director

Amaury de Seze

68 2012 Vice Chairman

Raymond McFeetors

70 2012 Vice Chairman

Michel Plessis-Belair

72 2012 Vice Chairman

Henri-Paul Rousseau

65 2013 Vice Chairman

Gregory Tretiak

58 2012 Chief Financial Officer, Executive Vice President

Arnaud Vial

61 Senior Vice President

Stephane Lemay

2012 Vice President, General Counsel, Secretary

Denis Le Vasseur

2004 Vice President, Controller

Richard Pan

2008 Vice President

Luc Reny

Vice President

Isabelle Morin

2006 Treasurer

Robert Gratton

2008 Director

J. David Jackson

2013 Director

Marc Bibeau

2009 Independent Director

Gerald Frere

63 1990 Independent Director

Anthony Graham

57 2001 Independent Director

V. Peter Harder

61 2009 Independent Director

Louise Roy

65 2010 Independent Director

Raymond Royer

75 1986 Independent Director

Emoke Szathmary

1999 Independent Director

Biographies

Name Description

Andre Desmarais

Dr. Andre R. Desmarais is Co-Chairman of the Board of Power Financial Corporation. Mr. Desmarais is Co-Chairman of the Corporation, and Deputy Chairman, President and Co-Chief Executive Officer of Power. Prior to joining Power in 1983, he was Special Assistant to the Minister of Justice of Canada and an institutional investment counsellor at Richardson Greenshields Securities Ltd. He has held a number of senior positions with Power group companies and was named President and Co-Chief Executive Officer of Power in 1996. Mr. Desmarais is a trustee of the Desmarais Family Residuary Trust.[5] Mr. Desmarais is a Director of many Power Financial group companies in North America, including Lifeco, Great-West, Great-West Life & Annuity Insurance Company, London Life, Canada Life Financial Corporation, Canada Life, Putnam Investments, LLC, IGM, Investors Group Inc. and Mackenzie Inc. He is also a Director of Power. He is Director and Vice-Chairman of Pargesa in Europe and Director of CITIC Pacific Limited in Asia (in which Power holds a minority interest). He was a Director of Bellus Health Inc. until 2009. Mr. Desmarais is Honorary Chairman of the Canada China Business Council and is a member of several China-based organizations. Mr. Desmarais is active in a number of cultural, health and other not-for-profit organizations. In 2003, he was named an Officer of the Order of Canada and, in 2009, he was named an Officer of the National Order of Québec. He has received Doctorates Honoris Causa from Concordia University, Université de Montréal and McGill University.

Paul Desmarais

Mr. Paul Desmarais, Jr., is Co-Chairman of the Board of Power Financial Corporation. Mr. Desmarais is Co-Chairman of the Corporation and Chairman and Co-Chief Executive Officer of Power. Prior to joining Power in 1981, he was with S.G. Warburg & Co. in London, England, and with Standard Brands Incorporated in New York. He was Chairman of the Board of the Corporation from 1990 to 2005, Vice- Chairman from 1989 to 1990 and President and Chief Operating Officer from 1986 to 1989. He was named to his present position with Power in 1996. Mr. Desmarais is a trustee of the Desmarais Family Residuary Trust.[5] Mr. Desmarais is a Director of many Power Financial group companies in North America, including Lifeco, Great-West, Great-West Life & Annuity Insurance Company, London Life, Canada Life Financial Corporation, Canada Life, Putnam Investments, LLC, IGM, Investors Group Inc. and Mackenzie Inc. He is also a Director of Power. In Europe, he is Chairman of the Board and Executive Director of Pargesa, Vice-Chairman of the Board of Groupe Bruxelles Lambert, and Director of GDF Suez, Total SA, Lafarge SA and SGS SA. He was Vice-Chairman of the Board and a Director of Imerys until 2008. Mr. Desmarais is a member of the Advisory Council of the European Institute of Business Administration (INSEAD), a Trustee of The Brookings Institution (Washington), a Co-Chair of the Brookings International Advisory Council, a member of the Global Board of Advisers of the Council on Foreign Relations (New York), the Chairman of the Canadian Council of Chief Executives and a member of the Global Advisory Council of Harvard University (Boston). He is also involved in a number of charitable and community activities. He was named an Officer of the Order of Canada in 2005, an Officer of the National Order of Québec in 2009 and Chevalier de la Légion d’honneur in France in 2012. He has received Doctorates Honoris Causa from Université Laval, Université de Montréal and McGill University.

R. Jeffrey Orr

Mr. R. Jeffrey Orr is President, Chief Executive Officer, Director of Power Financial Corporation, since May 2005. From May 2001 until May 2005, he was President and Chief Executive Offi cer of IGM. Prior to joining IGM, he was Chairman and Chief Executive Offi cer of BMO Nesbitt Burns Inc. and Vice-Chairman, Investment Banking Group of the Bank of Montreal. Mr. Orr had been with BMO Nesbitt Burns Inc. and predecessor companies since 1981. He is a Director of Power, a Director and Chairman of the Executive, Compensation, and Governance and Nominating Committees of Lifeco, Great-West, Great-West Life & Annuity Insurance Company, London Life, Canada Life Financial Corporation, Canada Life, The Canada Life Insurance Company of Canada and Crown Life Insurance Company, and a Director and Chairman of the Executive Committee of London Insurance Group Inc. He is also a Director and Chairman of the Board and of the Executive and Compensation Committees of Putnam Investments, LLC, as well as a Director of Canada Life Capital Corporation. He is also a Director, Chairman of the Board and Chairman of the Executive, Investment, Compensation, and Governance and Nominating Committees of IGM and Investors Group Inc. and a Director, Chairman of the Board and Chairman of the Executive, Compensation, and Governance and Nominating Committees of Mackenzie Inc. Mr. Orr is active in a number of community and business organizations.

Amaury de Seze

Mr. Amaury de Seze is Vice Chairman of Power Financial Corporation. Until May 2010, he was a Director of Power from May 2001 and one of its Vice-Chairmen from March 2008. He was Chairman of PAI partners, a management company of private equity funds, from 1998 until 2007. He was a member of the Executive Committee of BNP Paribas, one of Europe’s banks, until 2004. He serves on the Board of Directors of several European-based companies, including Carrefour S.A., where he is Chairman of the Board, Publicis S.A., Suez Environnement Company, Imerys S.A., Thales S.A., Groupe Bruxelles Lambert and Pargesa. He joined the Paribas group in 1993 as a member of the Management Board of Banque Paribas and Compagnie Financière de Paribas and, prior to that, he held senior positions with the Volvo Group, including as a member of the Group’s Management Board of AB Volvo in Sweden. He was a Director of Eiff age S.A. until 2008.

Raymond McFeetors

Mr. Raymond L. McFeetors is Vice Chairman of Power Financial Corporation. Prior thereto, he was President and Chief Executive Offi cer of Lifeco, The Great-West Life Assurance Company, London Life Insurance Company, Canada Life Financial Corporation, The Canada Life Assurance Company, Crown Life Insurance Company and Great-West Life & Annuity Insurance Company and has been with the Great-West group of companies since 1968. Mr. McFeetors is also a Director and Chairman of the Board of The Great-West Life Assurance Company, London Life Insurance Company, Canada Life Financial Corporation, The Canada Life Assurance Company, Crown Life Insurance Company and Great-West Life & Annuity Insurance Company and is a Director of Power, IGM, Investors Group Inc., Mackenzie Inc. and Putnam Investments, LLC. Mr. McFeetors is also a Director of a number of national organizations in the health, education, cultural and business sectors. In 2002, he was appointed Honorary Colonel of The Royal Winnipeg Rifl es. Also in 2002, Mr. McFeetors was awarded the Queen Elizabeth II Golden Jubilee medal. He received an Honorary Doctorate of Law from the University of Winnipeg in 2007.

Michel Plessis-Belair

Mr. Michel Plessis-Belair is Vice Chairman of Power Financial Corporation since May 14, 2012. Previously he was Executive Vice-President and Chief Financial Officer of the Corporation and Vice-Chairman and Chief Financial Officer of Power until January 2008. Before joining Power in 1986, he was Executive Vice-President and Director of Société générale de financement du Québec and, prior to that, Senior Vice-President of Marine Industries Limited. He is a Director of several Power Financial group companies in both North America and Europe, including Lifeco, The Great-West Life Assurance Company, Great-West Life & Annuity Insurance Company, London Life Insurance Company, Canada Life Financial Corporation, The Canada Life Assurance Company, Crown Life Insurance Company, IGM, Investors Group Inc., Mackenzie Inc., Pargesa and Groupe Bruxelles Lambert. He is also a Director of Power, Lallemand Inc., the Université de Montréal and Hydro-Québec, and he is on the International Advisory Board of École des hautes études commerciales of Montréal.

Henri-Paul Rousseau

Mr. Henri-Paul Rousseau, Ph.D., is Vice Chairman of the Power Financial Corporation. He was previously President and Chief Executive Offi cer of the Caisse de dépôt et placement du Québec from May 2005 to May 2008 and Chairman and Chief Executive Offi cer from September 2002 to April 2005. Prior thereto, he was President and Chief Executive Offi cer of the Laurentian Bank of Canada from 1994 to 2002, Vice-Chairman, President and Chief Executive Offi cer of Boréal Assurances Inc. from 1992 to 1994 and Vice-President of the National Bank of Canada from 1986 to 1992. Mr. Rousseau was a professor of economics at the Université Laval from 1975 until 1986 and at the Université du Québec à Montréal from 1973 until 1975. He is a Director of Power. He is also a Director of several Power Financial group companies, including Lifeco, The Great-West Life Assurance Company, Great-West Life & Annuity Insurance Company, London Life Insurance Company, Canada Life Financial Corporation, The Canada Life Assurance Company, Crown Life Insurance Company, IGM, Investors Group Inc., Mackenzie Inc. and Putnam Investments, LLC. As well, he is a member of the Board of Directors of the Global Financial Markets Association. Mr. Rousseau has received Doctorates Honoris Causa from Concordia University, the Université Lumière Lyon 2 (France), the Université Laval and the Université de Sherbrooke. He is active in a number of community and not-for-profi t organizations.

Gregory Tretiak

Mr. Gregory D. Tretiak has been appointed as Chief Financial Officer, Executive Vice President of Power Financial Corporation, with effective May 2012. Mr. Tretiak has been with IGM Financial Inc. (a subsidiary of the Corporation) for 24 years and is currently the Executive Vice-President and Chief Financial Officer, a position he has held since 1999. Mr. Tretiak will also join Power Corporation of Canada, as Executive Vice-President and Chief Financial Officer.

Arnaud Vial

Mr. Arnaud Vial is Senior Vice President of Power Financial Corporation. He is Senior Vice President of Power Corporation of Canada. He is Managing Director of Pargesa.

Stephane Lemay

Mr. Stephane Lemay has been appointed as Vice President, General Counsel, Secretary of Power Financial Corporation, with effect from August 3, 2012. Mr. Lemay joined Power Corporation of Canada (Power Financial Corporation's parent company) in 2005 as Vice-President, Assistant General Counsel and Associate Secretary and was appointed to the same position at Power Financial Corporation in 2009. Prior to joining Power, he held various executive legal and public affairs positions with companies in the telecommunications and manufacturing sectors. Mr. Lemay began his career as a lawyer in a Montreal-based national law firm.

Denis Le Vasseur

Mr. Denis Le Vasseur is Vice-President and Controller of Power Financial Corporation. He is also Vice President and Controller of Power Corporation of Canada.

Richard Pan

Mr. Richard Pan is Vice President of Power Financial Corporation. He was previously an Executive Director at Goldman Sachs International (UK) in the Global Natural Resources Group from 2006 to 2008.

Luc Reny

Isabelle Morin

Ms. Isabelle Morin is Treasurer of Power Financial Corporation since April 2006. Previously she was Financial Planning Director of Cogeco Inc., a Canadian cable operator, from November 2005, and prior thereto, Financial Planning Director and Internal Auditor of Cogeco Inc. from November 2001.

Robert Gratton

Mr. Robert Gratton is Director of Power Financial Corporation. Mr. Gratton is a Deputy Chairman of the Board of Power, a position he has held since May 2008. He had been previously, until May 2005, President of the Corporation from 1989 and Chief Executive Offi cer since May 1990, and had been Chairman of the Board from May 2005 until 2008. He is also a Director of Power. He was Chairman of the Board and Chairman of the Executive Committee of Lifeco, Great-West, Great West Life & Annuity Insurance Company, Canada Life, Canada Life Financial Corporation, London Insurance Group Inc. and London Life until May 2008 and a Director until October 2008. He was Chairman of the Executive Committee of IGM from 1990 until 2005, Chairman of the Board from 1993 until May 2008, as well as a Director until October 2008. He was also Chairman of the Executive Committee of Investors Group Inc. from 2004 to 2005, Chairman of the Board from 2004 until May 2008 and a Director until October 2008. Mr. Gratton was also Chairman of the Executive Committee of Mackenzie Inc. from 2002 until 2005, Chairman of the Board from 2002 until May 2008 and a Director until October 2008. He was also a Director of Pargesa from May 1992 to May 2010. Prior to joining the Corporation, Mr. Gratton started working at Crédit Foncier Franco-Canadien in 1971 and became Chief Operating Offi cer in 1975, and President and Chief Executive Offi cer in 1979. From 1982 to 1989, he was Chairman of the Board, President and Chief Executive Offi cer of Montreal Trust Company.

J. David Jackson

Mr. J. David A. Jackson, LL.B., is Director of Power Financial Corporation. Mr. Jackson retired as a Partner of the law firm Blake, Cassels & Graydon LLP (“Blakes”) in 2012, and currently serves as Senior Counsel to the firm, providing advice primarily in the areas of mergers and acquisitions and corporate governance. He was the Chairman of Blakes from 1995 to 2001. He was recognized throughout his career as a leading practitioner in the areas of mergers and acquisitions, corporate finance and corporate governance by numerous independent assessment organizations. Mr. Jackson is a Director of Power and of several Power Financial group companies in North America, including Lifeco, Great-West, London Life, Canada Life Financial Corporation and Canada Life. He served as a Director of Investors Group Inc. from 1991 to 2001. Mr. Jackson has also served as a Director of a number of public and private corporations. He was a Director and the Vice-Chairman of the Board of Sunnybrook Health Sciences Centre until June 2011. He holds a Bachelor of Commerce degree from the University of Windsor and a Bachelor of Laws (LL.B.) from Osgoode Hall Law School, and was called to the Bar of Ontario in 1974.

Marc Bibeau

Mr. Marc A. Bibeau is an Independent Director of Power Financial Corporation. Mr. Bibeau is President and Chief Executive Officer of Beauward Shopping Centres Ltd., a privately owned company which develops, leases and operates real estate properties, a position he has held since 1996. He previously held a number of other positions with that company. Mr. Bibeau is a Director of IGM, Investors Group Inc. and Mackenzie Inc. He was previously a Director of Lifeco, Great-West, London Life, Canada Life Financial Corporation and Canada Life until May 2009. Mr. Bibeau is also a member of the Board of Directors of Tennis Canada.

Gerald Frere

Mr. Gerald Frere is an Independent Director of Power Financial Corporation. Mr. Frere is Managing Director of Frere-Bourgeois S.A., a financial group based in Belgium. Mr. Frere is Chairman of the Board of Compagnie Nationale a Portefeuille S.A. and Vice-Chairman of Pargesa. He is also a Director of ERBE and of Electrabel S.A. From 1993 to December 2011, he was Managing Director of Groupe Bruxelles Lambert of which he also became Chairman of the Board on January 1, 2012. He was a Director of Pernod Ricard from November 2009 to November 2012 and of Lafarge SA from May 2008 to November 2011. Mr. Frere is also Regent of the National Bank of Belgium.

Anthony Graham

Mr. Anthony R. Graham, LL.D., is an Independent Director of Power Financial Corporation. Mr. Graham is President and a Director of Wittington Investments, Limited, an investment management company and the principal holding company of the Weston-Loblaw Group. Prior to joining Wittington Investments, Limited, he held senior positions in Canada and the United Kingdom with National Bank Financial Inc. (formerly Lévesque Beaubien Geoffrion Inc.), a Montréal-based investment dealer. Mr. Graham also serves on the Board of Power. Mr. Graham is Chairman and a Director of President’s Choice Bank and serves on the Board of George Weston Limited, Loblaw Companies Limited, Graymont Limited, Brown Thomas Group Limited, Holt Renfrew & Co., Limited, and Selfridges & Co. Ltd. Mr. Graham serves as Chairman of the Ontario Arts Foundation and the Shaw Festival Theatre Endowment Foundation. He is also a Director of the Art Gallery of Ontario, the Canadian Institute for Advanced Research, St. Michael’s Hospital, Luminato and the Trans Canada Trail Foundation. In June 2007, he was awarded an Honorary Doctorate of Laws from Brock University.

V. Peter Harder

Mr. V. Peter Harder, LL.D., is an Independent Director of Power Financial Corporation. Mr. Harder is a Senior Policy Adviser to the law firm Dentons Canada LLP and President of the Canada China Business Council, an association that seeks to facilitate and to promote trade and investment between Canada and China. He is former Deputy Minister of Foreign Affairs, a position that he held from 2003 to 2007. Prior to that, he served as Deputy Minister in a number of other Government of Canada departments. Mr. Harder is a Director of IGM, Investors Group Inc. and Mackenzie Inc. He was a Director of Lifeco and Great-West from May 2007 to May 2009. Mr. Harder is also a Director of Energizer Resources Inc., Northland Power Inc. and Magna International Inc. He is also a member of the United Church Foundation, of the Board of Genome Canada, of the Commonwealth Games Foundation and Chair of the National Arts Center Governance and Ethics Committee. In 2000, the Governor General presented Mr. Harder with the Prime Minister’s Outstanding Achievement Award for public service leadership. In 2002, Mr. Harder was awarded the Queen Elizabeth II Jubilee Medal for public service. In December 2012, the Governor General presented him with the Queen Elizabeth II Diamond Jubilee Medal in recognition of his significant public contributions to Canada. In 2007, he was awarded an Honorary Doctorate (LL.D.) by the University of Waterloo.

Louise Roy

Mrs. Louise Roy, Ph.D., is an Independent Director of Power Financial Corporation. Mrs. Roy is an invited Fellow at CIRANO, the Centre interuniversitaire de recherche en analyse des organisations since 2003 and, in 2012, she was nominated Chair of the Board. She is also a consultant. She was President of the Conseil des arts de Montréal from 2006 to 2012. Mrs. Roy serves as a Director of Intact Financial Corporation, Montréal International and the Université de Montréal, where she has acted as Chancellor and Chair of the Board since 2007. She also serves as a Director of the Institute of Corporate Directors. During her career, she has been a Director of Provigo Inc. until 1992, the Laurentian Bank of Canada until 1993, Videotron Ltée until 1997, and Domtar Corporation until 2007. She was President and Chief Executive Officer of the Montreal Urban Community Transport Commission until 1992, Executive Vice-President of Air France until 1997, President and Chief Executive Officer of Telemedia Communications Inc. until 2000 and Senior Vice-President of the International Air Transport Association until 2003. She has participated in several fundraising campaigns, including the Université de Montréal and of several other cultural organizations. She was named an Officer of the National Order of Québec in 2009 and of the Order of Canada in 2012.

Raymond Royer

Mr. Raymond Royer is an Independent Director of Power Financial Corporation. Mr. Royer is a company Director. He was, from 1996 until 2008, President and Chief Executive Officer of Domtar Corporation, a pulp and paper company based in Montréal. Prior thereto, he was President and Chief Operating Officer of Bombardier Inc. Mr. Royer is a Director of several Power Financial group companies in North America, including Lifeco, Great-West, Great-West Life & Annuity Insurance Company, London Life, Canada Life Financial Corporation, Canada Life and Putnam Investments, LLC. Mr. Royer was a Director of Shell Canada Limited until 2007 and of Domtar Corporation until 2009. He is a Member of the Board of the International Advisory Board of École des hautes études commerciales of Montréal. He is an Officer of the Order of Canada and of the National Order of Québec.

Emoke Szathmary

Dr. Emoke J. E. Szathmary, Ph.D., is an Independent Director of Power Financial Corporation. Dr. Szathmáry became President Emeritus of the University of Manitoba in 2008. She was named Professor Emeritus in the Department of Anthropology in 2014. From 1996 to 2008, she was President and Vice- Chancellor of the University of Manitoba. She was previously Provost and Vice-President (Academic) of McMaster University in Hamilton and, prior thereto, Dean of the Faculty of Social Science of the University of Western Ontario in London (now Western University). Dr. Szathmáry is a Director of Power and of many Power Financial group companies in North America, including Lifeco, Great-West, London Life, Canada Life Financial Corporation and Canada Life. Dr. Szathmáry also serves on the Board of Directors of the International Institute for Sustainable Development and of several national and provincial educational, research and philanthropic not-for-profit organizations. She has received the Lieutenant Governor’s Medal for Excellence in Public Administration in Manitoba and six Honorary Doctorates. Dr. Szathmáry is a Fellow of the Royal Society of Canada and is a Member of the Order of Canada and of the Order of Manitoba.

Options Compensation

Name Options Value

Andre Desmarais

4,329,675 89,353,850

Paul Desmarais

3,639,675 71,178,750

R. Jeffrey Orr

2,015,000 17,198,010

Amaury de Seze

0 0

Raymond McFeetors

0 0

Michel Plessis-Belair

557,975 8,121,540

Henri-Paul Rousseau

0 0

Gregory Tretiak

0 0

Arnaud Vial

501,000 7,602,490

Stephane Lemay

0 0

Denis Le Vasseur

0 0

Richard Pan

0 0

Luc Reny

0 0

Isabelle Morin

0 0

Robert Gratton

14,760,000 324,574,992

J. David Jackson

0 0

Marc Bibeau

0 0

Gerald Frere

0 0

Anthony Graham

0 0

V. Peter Harder

0 0

Louise Roy

0 0

Raymond Royer

0 0

Emoke Szathmary

0 0
Search Stocks