This Day On The Street
Continue to site
ADVERTISEMENT
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

Mario Plourde To Succeed Alain Lemaire As President Of Cascades

MONTREAL, March 26, 2013 /PRNewswire/ - Today, Alain Lemaire, in the company of his brothers Bernard and Laurent Lemaire, announced that he will be passing the position of President and Chief Executive Officer of Cascades to Mario Plourde, now Chief Operating Officer of the company. The transfer will take place on May 9, following a two-year transition period.

Lemaire made this important announcement this morning at a press conference. He also indicated that he will continue to serve as Chairman of the Board of Directors. "Of course, I will continue to support Mario in his daily activities, and I also intend to remain involved with the company, returning to my original passion by putting my technical skills to use in the various groups," he added. Bernard and Laurent will also remain active, continuing to serve on the Board of Directors and the Executive Committee, and participating in the company's strategic planning.

"In February 2011, we announced the nomination of Mario Plourde to the position of Chief Operating Officer. He belongs to the new generation of competent and dedicated leaders at Cascades, and he is a true believer in our values. At the same time, we announced the beginning of a transition process that would ensure a sound business succession. We had a plan, and we carried it out. After nearly 10 years at the head of the company, my brothers and I feel it is time to pass on the torch and make room for the younger generation," said Alain Lemaire.

"Today, I'd like to thank Bernard, Laurent and Alain for the trust they are placing in me," said Plourde. "It is a real honour to take over the reins of the company they have built with their own hands, and that has become one of the most admired businesses in the province. I am looking forward to perpetuating the values of the company, and taking the torch they have carried for close to 50 years. I want Cascades employees to know that they can count on me to be there, and that I am fully committed and dedicated to the company. In these challenging economic times, it is more important than ever to remain unified, stay the course and build an increasingly efficient business," added Plourde.

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
SYM TRADE IT LAST %CHG

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs