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Founded in the 1920s to develop hydroelectric power, Power Corporation of Canada now generates cash, not electricity. Through its majority stake in Power Financial, the company controls one of Canada's leading mutual fund firms (IGM Financial), one of its largest life insurers (Great-West Lifeco), and other insurance firms. It also owns Gesca, which publishes Montreal's "La Presse" and six other daily newspapers in Quebec and Ontario; Power Technology Investment Corporation, which invests in biotech and technology firms; and a majority of Pargesa, which has stakes in energy, utility, manufacturing, and beverage companies in Europe.
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| | | Contact Information | |
Address: |
751 Victoria Sq.
Montreal, Quebec H2Y 2J3, Canada
| | Phone: | 514-286-7400 | | Fax: | 514-286-7424 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 30339.60 M | | Revenue Growth (1 yr): | 1.30% | | Employees (2008): | 31,700 | | Employee Growth (1 yr): | 104.50% |
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Key People
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Chairman and Co-CEO; Chairman, Power Financial:
Paul Desmarais Jr.
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President and Co-CEO; Deputy Chairman, Power Financial:
André R. Desmarais
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EVP and CFO; EVP and CFO, Power Financial Corporation:
Philip K. Ryan
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