Eight people present their candidacy for the presidency of Desjardins Group
Lévis (Québec), January 29, 2008 - At the close of the period of nomination for the Desjardins Group presidency, which was held from January 21 to 28 inclusively, eight people have presented their candidacy:
- Mr. Bertrand Laferrière, President and Chief Operating Officer, Fédération des caisses Desjardins du Québec;
- Mrs. Andrée Lafortune, FCA, Professor at HEC Montréal, President, Council of Representatives, Ouest de Montréal, sits on the Board of Directors of the Fédération des caisses Desjardins du Québec;
- Mr. Jean-Guy Langelier, President and Chief Operating Officer, Caisse centrale Desjardins and Chief of the Treasury of Desjardins Group;
- Mrs. Monique F. Leroux, FCA, FCMA, Senior Executive Vice-President and Chief Financial Officer of Desjardins Group;
- Mr. Jude Martineau, President and Chief Operating Officer, Desjardins General Insurance Group;
- Mr. Louis L. Roquet, President and Chief Operating Officer, Desjardins Venture Capital;
- Mrs. Sylvie St-Pierre Babin, Lawyer, Vice-President, Council of Representatives - Abitibi-Témiscamingue – Nord et Ouest du Québec, sits on the Board of Directors of the Fédération des caisses Desjardins du Québec;
- Mr. Clément Samson, Lawyer, President, Council of Representatives - Québec-Ouest - Rive-Sud, sits on the Board of Directors of the Fédération des caisses Desjardins du Québec.
The next steps leading to the election are as follows: the election period runs from January 29 to March 8, during which the candidates can meet and exchange with the members of the electoral college.
On Saturday, March 15, the 256 members of the electoral college, made up of Desjardins caisses delegates who are members of councils of representatives from the fifteen Québec regions, from the group caisses and from Ontario, as well as the President and Chief Executive Officer of Desjardins Group, will gather together to elect the new president. The person elected will officially take office on March 29, 2008, after the Desjardins Group Annual General Meetings.
A person can hold the position of president and chief executive officer of Desjardins Group for eight years that is for two consecutive 4-year mandates.
An election committee ensures that the electoral process is carried out according to regulations. Its president reminds media representatives that, in accordance with these regulations, candidates cannot grant interviews for the duration of this process.
About Desjardins Group
Desjardins Group is the largest integrated cooperative financial group in Canada, with overall assets of $147 billion, as at September 30, 2007. It comprises a network of caisses, credit unions and business centres in Québec and Ontario, and some twenty subsidiary companies in life and general insurance, securities brokerage, venture capital and asset management, many of which are active across the country. Drawing on the expertise of its 40,000 employees and the commitment of nearly 6,800 elected officers, Desjardins offers its 5.8 million individual and corporate members and clients a full range of financial products and services. Its physical distribution network is complemented by leading-edge virtual access methods.
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