The Caisse de dépôt et placement du Québec has renewed Michael Sabia’s mandate as president and CEO for an additional five-year period.
In accordance with the fund’s statutes, the appointment was made by the board of directors and ratified by the Government of Québec.
“Michael Sabia more than met the considerable challenges of his first mandate. He put la Caisse back on track after the 2008 financial crisis, and repositioned our investment strategy to better navigate a changing world economy,” says Robert Tessier, chair of the board of the Caisse. “He achieved all of that while delivering excellent financial results, investing in Québec and throughout the world, and leading a substantial renewal of the organization itself.”
Sabia’s mandate was renewed for a five-year period starting on March 13, 2014. There are no changes to his compensation.
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