Business
Power Corporation of Canada - Appointment of Chief Financial Officer
Readers are referred to the section entitled "Forward-looking Statements" at the end of thi...
About this update from Power Corporation Of Canada
[{"type":"text","content":"\n\n\n\n\n\nReaders are referred to the section entitled \"Forward-looking\n Statements\" at the end of this release.\n\n\nMONTREAL, April 5, 2012 /CNW Telbec/ - Power Corporation of Canada (TSX:\n POW) announced today that Mr. Philip K. Ryan will be stepping down as\n Executive Vice-President and Chief Financial Officer of the\n Corporation. Mr. Ryan will be pursuing other interests in the United\n States, including board related work and teaching.\n\n\nDuring his four years with the Power group of companies, he has made a\n significant contribution to Power Corporation and its subsidiaries. The\n Board of Directors expresses its appreciation to Mr. Ryan and wishes\n him the very best in his future endeavours.\n\n\nThe Corporation is pleased to announce that its Board of Directors has\n approved the appointment of Mr. Gregory D. Tretiak as Executive\n Vice-President and Chief Financial Officer. Mr. Tretiak has been with\n IGM Financial Inc. (a subsidiary of the Corporation) for 24 years and\n is currently the Executive Vice-President and Chief Financial Officer,\n a position he has held since 1999. The Board of Directors is of the\n view that the experience of Mr. Tretiak and his knowledge of the Power\n group make him ideally suited for his new role with the Corporation.\n\n\nMr. Tretiak will also join Power Financial Corporation, a subsidiary of\n the Corporation, as Executive Vice-President and Chief Financial\n Officer.\n\n\nThese changes are expected to take place after the respective Annual\n General Meeting of Shareholders of the Corporation and Power Financial\n in May of 2012.\n\n\nPower Corporation of Canada is a diversified international management\n and holding company with interests in companies in the financial\n services, communications and other business sectors in North America,\n Europe and Asia.\n\n\nForward-Looking Statements\nCertain statements in this News Release, other than statements of\n historical fact, are forward-looking statements based on certain\n assumptions and reflect the Corporation's current expectations, or with\n respect to disclosure regarding the Corporation's public subsidiaries,\n reflects such subsidiaries' disclosed current expectations.\n Forward-looking statements are provided for the purposes of assisting\n the reader in understanding the Corporation's financial performance,\...