Normand Provost, the Caisse de dépôt et placement du Québec’s executive vice-president of private equity, plans to retire after more than 33 years of service.
He will continue in his current role until his successor is appointed in 2014.
The Caisse has launched a search process to identify a successor in preparation for the departure of Provost, who oversees the private equity team in addition to the Caisse’s initiatives to contribute to Québec’s economic development.
“Normand is one of the key builders of the Caisse we know today,” says Caisse president and CEO Michael Sabia. “He established our current private equity business model, assembled teams and successfully generated solid, sustainable results throughout his career, during all phases of the market cycle.”
During his career at the Caisse, Provost has held various positions, from advisor and investment manager for mid-size businesses, to president and CEO of CDP Capital – Americas, the Caisse’s private equity subsidiary.
Since September 2009, backed by his extensive knowledge of the Quebec business community, he has also assumed the leadership of all the Caisse’s initiatives in Quebec.
In addition to his responsibilities in the investment sector, Provost served as chief operations officer from April 2009 to March 2012, overseeing the transformation of operations and information technology at the Caisse.
After his retirement, he will remain with the Caisse as a strategic advisor to the president.
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