This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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 future endeavours."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.05 0.44%
FB $118.07 -0.42%
GOOG $696.68 -0.22%
TSLA $235.05 -2.80%
YHOO $36.15 -1.00%


Chart of I:DJI
DOW 17,708.51 -182.65 -1.02%
S&P 500 2,060.14 -21.29 -1.02%
NASDAQ 4,765.0240 -52.57 -1.09%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs