The brothers, who are the sons of late Power founder Paul Desmarais Sr., will remain with the organization as chairman (Paul Jr.) and deputy chairman (Andre) of Power's board of directors. One of Canada's richest people, he built up Power Corp. from his. At the same time, Desmarais bothers Paul Jr., 65, and André, 63, are relinquishing their co-CEO roles and passing the torch to longtime trusted lieutenant Jeffrey Orr, who has been CEO of Power Financial, a step below Power Corp. in the complex corporate flow chart, since 2005. profits fell 41 percent - its lowest share price since 2002. MONTREAL - Power Corp. says brothers Andre and Paul Desmarais Jr. will retire from their long-serving roles as co-CEOs of the management and holding company. 3 - Desmarais - Surnames - Genealogy.com The Desmarais family is originally from Quebec and descended from Paul Desmarais who moved to Canada from Saint-Sauveur, France. Georges Desmarais 1/24/05. He also attended McGill University and the University of Ottawa. The brothers will remain chairman and deputy chairman of the board. Paul Desmarais Obituary - Tribute Archive Paul Desmarais Obituary (2016) Foster's Daily Democrat The brothers will remain chairman and deputy chairman of the board. Paul Joseph Desmarais Obituary (1939 - 2022) | Fall River, MA Desmarais vs. Desmarais to proceed: Superior Court judge CJutras (Qc) 11/12/03. Updated: Desmarais brothers retire as CEOs in Power Corp. overhaul 1951 Purchased control of Sudbury Coppercliff Street Railway. Jeffrey Orr, current CEO of the Power Financial Corp. unit, takes. The story began, says Paul Desmarais, Jr (MBA '79J), Chairman and Co-CEO, when my father, Paul Desmarais Sr., "did what they called a 'reverse takeover' …. Paul Desmarais Wiki Biography The Honourable Paul Desmarais, Sr., Template:Post-nominals (January 4, 1927 - October 8, 2013) was a Canadian financier in Montreal. Billionaires André Desmarais and Paul Desmarais Jr. are stepping down as co-chief executive officers of Power Corp. of Canada, part of a reorganization that sent shares of one of the country's. He still chairs the corporation's board and is a director of many of its companies, including Canada Life and IGM Financial.

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