Guy Cormier, President and CEO of Desjardins Group, BBA, MBA - Biography

Montreal, Quebec

President and CEO of Desjardins Group and Chair of the Board of Directors since 2016. Key areas of expertise: Finance, cooperative governance and strategic management.

Other areas of expertise

  • Organizational culture
  • Economics
  • Insurance industry
  • Responsible finance
  • Digital shifts
  • Communications and human resources

Professional experience

Guy Cormier is a graduate of HEC Montréal, where he earned both an undergraduate degree in business administration and an MBA. He also taught finance there for almost 8 years. He started at Desjardins Group in 1992, assuming a number of roles in the caisse network before becoming a general manager in 2002. He joined Desjardins Group's senior management team in 2012 as Executive Vice-President of the Caisse Network before being appointed Executive Vice-President of the Caisse Network and Personal Services. Throughout his career, he has encouraged bold, innovative actions aimed at improving the member and client experience.

Since being elected President of Desjardins Group in the spring of 2016, Guy Cormier has worked hard to instill a strong member- and client-focused culture that resonates with all of Desjardins's 58,774 employees and 2,456 directors. He also established a Youth Advisory Board, which allows members ages 18 to 35 to provide insights on key projects being led by the board of directors and management committee.

Under Guy Cormier's direction, Desjardins Group created the $250-million GoodSpark Fund as one of its various initiatives to support projects with a lasting community impact, underscoring Desjardins's socioeconomic leadership. Guy is also a fervent defender of the cooperative model and the principles of shared prosperity, and a greener and more inclusive economy.

In 2020, Mr. Cormier became a sponsor of the Academos youth mentoring program in Quebec. He also serves as an Academos mentor.

Other roles at Desjardins

  • Chair of the Board of Directors, Desjardins Trust (Observer on the Review Committee), Desjardins Financial Corporation Inc., Desjardins FSB Holdings, Alphonse Desjardins Historical Society, Desjardins Foundation
  • Director, Desjardins Security Fund
  • Desjardins Group board committees and commissions:
    • Chair, Executive Committee
    • Member, Human Resources Commission
    • Member, Corporate Governance and Responsible Finance Commission

Past roles at Desjardins

  • Chair, Desjardins Financial Security Life Assurance Company Board of Directors and Desjardins General Insurance Group Board of Directors