People: Power Financial Corp (PWF.TO)
16 Jul 2019
Mr. Paul Desmarais, Jr. O.C. O.Q. serves as Executive 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. 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.
|Total Annual Compensation, CAD||1,337,500|
|Restricted Stock Award, CAD||137,500|
|Long-Term Incentive Plans, CAD||--|
|All Other, CAD||2,021,310|
|Fiscal Year Total, CAD||3,496,310|