MONTRÉAL, Feb. 14,
2024 /CNW/ - Power Corporation of Canada (TSX: POW) ("Power Corporation" or the
"Corporation") is pleased to announce that its Board of Directors
has approved the appointment of Mr. Jake
Lawrence as Executive Vice-President and Chief Financial
Officer, effective March 18, 2024.
Mr. Lawrence has an extensive background in financial services,
having worked at Scotiabank for the past 22 years in
progressively senior roles in both Canada and the
United States. Mr. Lawrence was most recently CEO and
Group Head, Global Banking and Markets with responsibility for
Scotiabank's corporate and investment banking as well as capital
markets globally. He is a member of the Advisory Council for Women
in Capital Markets and Chair of the Canadian Advisory Board for
Right To Play, and previously has served as the Chair of the
Ontario Housing Affordability Task Force. He holds an Honours
Bachelor of Arts degree from Lakehead
University and a Master of Business Administration degree
from Wilfrid Laurier School of
Business and Economics.
"I am delighted to welcome Jake to Power Corporation," said R.
Jeffrey Orr, President and Chief
Executive Officer. "His impressive track record of leadership and
wealth of experience in the financial services industry will
contribute significantly to the growth and success of our
group."
Mr. Lawrence will replace Mr. Gregory D.
Tretiak, who joined Power Corporation in 2012 as Chief
Financial Officer. Mr. Tretiak made an immense contribution to the
Power group of companies over 40 years, including 28 years at IGM
Financial.
"On behalf of everyone at Power, I want to thank Greg for his
long-standing dedication to our group," said Mr. Orr. "Greg
has been an outstanding partner and colleague. We have benefitted
tremendously from his energy and wise judgment over many
decades."
Mr. Lawrence will also serve as Executive Vice-President and
Chief Financial Officer of Power Financial Corporation, a
subsidiary of the Corporation.
About Power Corporation
Power Corporation is an international management and holding
company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance,
retirement, wealth management and investment businesses, including
a portfolio of alternative asset investment platforms. To
learn more, visit www.powercorporation.com.
Forward-Looking Statements
Certain statements in this news release, other than statements
of historical fact, are forward-looking statements based on certain
assumptions and reflect the Corporation's current expectations. By
its nature, forward-looking information is subject to inherent
risks and uncertainties that may be general or specific and which
give rise to the possibility that expectations will not prove to be
accurate and that assumptions may not be correct, as a variety of
factors, many of which are beyond the Corporation's control, could
cause actual outcomes to differ materially from current
expectations. These risks and assumptions include those discussed
in the Corporation's disclosure materials, including its most
recently filed Annual Information Form or annual, or any
subsequently filed interim, Management's Discussion and Analysis,
available under the Corporation's profile on SEDAR+ at
www.sedarplus.com. Other than as specifically required by
applicable Canadian law, the Corporation undertakes no obligation
to update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made, or to
reflect the occurrence of unanticipated events, whether as a result
of new information, future events or results, or otherwise.
SOURCE Power Corporation of Canada