People: Power Corporation of Canada (POW.TO)

POW.TO on Toronto Stock Exchange

20 Sep 2019
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Desmarais, Paul 

Mr. Paul Desmarais, Jr., is Chairman of the Board, Co-Chief Executive Officer of Power Corporation of Canada. Mr. Desmarais is Chairman and Co-Chief Executive Officer of the Corporation and Executive Co-Chairman of PFC. He joined the Corporation in 1981 and assumed the position of Vice-President the following year. Mr. Desmarais served as Vice-President of PFC from 1984 to 1986, as President and Chief Operating Officer from 1986 to 1989, as Executive Vice-Chairman from 1989 to 1990, as Executive Chairman from 1990 to 2005, as Chairman of the Executive Committee from 2006 to 2008 and as Executive Co-Chairman from 2008 until today. He also served as Vice-Chairman of the Corporation from 1991 to 1996. He was named Chairman and Co-Chief Executive Officer of the Corporation in 1996. From 1982 to 1990, he was a member of the Management Committee of Pargesa, in 1991, Executive Vice-Chairman and then Executive Chairman of the Committee; in 2003, he was appointed Co-Chief Executive Officer and in 2013 named Chairman of the Board. He has been a Director of Pargesa since 1992. He is a director of many Power Group companies in North America, including PFC, 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. In Europe, he is Vice-Chairman of the Board of Groupe Bruxelles Lambert, and a Director of LafargeHolcim Ltd and SGS SA. He was Vice-Chairman of the Board and a Director of Imerys until 2008, a Director of GDF Suez until 2014 and of Total SA until 2017. Mr. Desmarais is a member of the Board of Directors of The Business Council of Canada. He is also active on a number of philanthropic advisory councils. In 2005, he was named an Officer of the Order of Canada, in 2009, an Officer of the Ordre national du Québec and, in 2012, Chevalier de la Légion d’honneur in France. He has received a number of honorary doctorates. Mr. Desmarais is a trustee of the Des

Basic Compensation

Total Annual Compensation, CAD 1,350,000
Restricted Stock Award, CAD 50,000
Long-Term Incentive Plans, CAD --
All Other, CAD 1,815,550
Fiscal Year Total, CAD 3,215,550

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --