Mr. L. Denis Desautels Relinquishes His Functions After 10 Years as Chairman
of Laurentian Bank
MONTREAL, March 19, 2013 /CNW Telbec/ - At Laurentian Bank's Annual
Shareholders' Meeting held today at the Montréal Science Centre, Mr. L. Denis
Desautels marked his last such assembly in the role of Chairman of the Bank's
Board of Directors. Mr. Desautels has sat on the Board for the past 11 years,
including 10 as Chairman.
A man of values and principles, Mr. Desautels led the Board of Directors with
a great degree of integrity and pragmatism, while lending the Bank his keen
vision and business sense. During the decade that he served as Board Chairman,
he played a decisive role in advancing the development and profitability of
the Bank, having actively participated in consolidating its foundations.
"I am proud of the progress made by the Bank during the years that I had the
privilege of serving as its Chairman," underlined Mr. Desautels. "The
organization is solid, its directions are clear, and it has a well developed
and coherent business strategy. I am convinced that, thanks to its highly able
Management team and Board of Directors, the organization will successfully
continue to pursue its growth in the years to come."
"Over the course of the past 10 years, Mr. Desautels played a strategic role
in the decisions leading to the improvement of the institution's performance,"
added Bank President and CEO, Réjean Robitaille, at the Annual Meeting.
"Always committed to acting in the best interests of the Bank's stakeholders,
his counsel and leadership served as particularly valuable assets. I would
like to join the members of the Board and Management Committee, as well as our
employees and shareholders, in extending a warm thank you to Mr. Desautels for
his exceptional contribution to the Bank. We wish him all the very best in his
An accountant by training, Mr. Desautels has occupied numerous positions of
responsibility over the course of his distinguished career, including Auditor
General of Canada from 1991 to 2001. He is recognized as a Canadian authority
in the area of corporate governance and is considered to be one of the
country's most eminent auditors general.
Denis Desautels holds a Bachelor's degree in Commerce from McGill University.
Throughout his career, he has been awarded numerous awards, including honorary
doctorates from the University of Ottawa, University of Waterloo and Saint
Paul University. He is an Officer of the Order of Canada and is a Fellow of
both the Québec Order of Chartered Accounts and the Institute of Chartered
Accountants of Ontario.
About Laurentian Bank
Laurentian Bank of Canada is a pan-Canadian banking institution that has more
than $34 billion in balance sheet assets and $36billion in assets under
administration. Founded in 1846, Laurentian Bank was selected in 2012 as one
of the 10 winners of the Canada's Passion Capitalists program in recognition
of its sustained success through the promotion of passion within its ranks.
The Bank employs more than 4,200 people.
Recognized for its excellent service, proximity and simplicity, Laurentian
Bank serves more than one million clients in market segments in which it holds
an enviable position. In addition to occupying a choice position among
consumers in Québec, where it operates the third largest branch network, the
Bank has built a solid reputation across Canada in the area of real estate and
commercial financing thanks to its teams working out of more than 35 offices
in Ontario, Québec, Alberta and British Columbia. Its subsidiary, B2B Bank,
is a Canadian leader in providing banking products as well as investment
accounts and services to financial advisors and brokers, while Laurentian Bank
Securities is an integrated broker, widely known for its expertise and
Gladys Caron Vice-President, Public Affairs, Communications and Investor
Relations Office: (514) 284-4500, ext. 7511 firstname.lastname@example.org
SOURCE: Laurentian Bank of Canada
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CO: Laurentian Bank of Canada
NI: FIN 2575 WNEWS FIN
-0- Mar/19/2013 14:08 GMT
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