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Big change at the helm of Desjardins as of 2024

Since 1994, the two positions have been merged into one, but this decision is not a step back, according to CEO Desjardins, Guy Cormier.

The characteristic of governance must adapt to the realities of its time, adapt it to the situation, and adapt it to the will of members and delegates. […]. Desjardins group is very stronghe argues.

In 2023, the cooperative recorded assets of 407 billion, which represents an increase of about 200 billion in 10 years.

Desjardins Group President and CEO Guy Cormier at the Annual General Meeting on Saturday.

Photo: Radio-Canada/Louis Simon Lapointe

The thinking was launched several years ago, but the evolution of member and customer needs, the proliferation of distribution channels as well as legal and regulatory requirements eventually led to a realignment of responsibilities within the department.

One consequence of this is that you always demand more from the person who is the CEO. So it becomes advantageous for her to be released from the position of chief that-You can read the company’s press release.

This change will be implemented from 2024 but will be officially effective in 2026.

budget balance

Asked about the latest budget from the Legault government and the tax cuts offered, Guy Cormier said he believes elected officials have managed to find a balance in a difficult context.

The government is currently facing several demands. I think he struck the right balance with tax cuts that will definitely benefit people who need support as the cost of living goes upHe says.

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According to him, the economic context should improve in 2024.

According to information from Louis Simon Lapointe