Business
Power Corporation of Canada - Appointment of Deputy Chairman; Election of a New Director
MONTREAL, May 9 /CNW Telbec/ - The Board of Directors of Power Corporation of Canada today appoin...
About this update from Power Corporation Of Canada
[{"type":"text","content":"\n\n\n\nMONTREAL, May 9 /CNW Telbec/ - The Board of Directors of Power\nCorporation of Canada today appointed Mr. Robert Gratton as Deputy Chairman of\nthe Board.\n\n\nMr. Gratton served as Chairman, President and Chief Executive Officer of\nPower Financial Corporation's subsidiary, Montreal Trust, from 1982 to 1989.\nHe was named President and Chief Executive Officer of Power Financial in 1990,\nand was executive Chairman of the Power Financial Board from May, 2005 until\nMay 8, 2008, when he announced his retirement. He continues to be a member of\nPower Financial's Board of Directors.\n\n\nCommenting on his appointment as Deputy Chairman, Mr. Gratton said that\nhe looks forward to his ongoing association with the Power group and that\nshareholders of Power Corporation and Power Financial Corporation can count on\nhis continuing interest in and support of the group companies and their\nmanagement.\n\n\nELECTION OF A NEW DIRECTOR\n\n\n--------------------------\n\n\nAt their meeting today the shareholders elected Raymond McFeetors to the\nBoard of Directors. Yesterday, Mr. McFeetors was appointed Vice-Chairman of\nthe Board of Power Financial Corporation.\n\n\nPower Corporation is a diversified international management and holding\ncompany with interests in the financial services industry in North America and\nEurope. Through affiliates, Power Corporation holds diversified industrial\ninterests in Europe and China.\n\n\nForward-looking Statements\n\n\n--------------------------\n\n\nCertain statements in this press release, other than statements of\nhistorical fact, are forward-looking statements based on certain assumptions\nand reflect the Corporation's or its subsidiaries' current expectations.\nForward-looking statements are provided for the purpose of presenting\ninformation about management's current expectations and plans relating to the\nfuture and readers are cautioned that such statements may not be appropriate\nfor other purposes.These statements may include, without limitation,\nstatements regarding the operations, business, financial condition,\npriorities, ongoing objectives, strategies and outlook of Power Corporation\nand its subsidiaries for the current fiscal year and subsequent periods.\nForward-looking statements include statements that are predictive in nature,\ndepend upon or refer to future events or cond...