MONTREAL, May 9 /CNW Telbec/ - The Board of Directors of Power
Corporation of Canada today appointed Mr. Robert Gratton as Deputy Chairman of
the Board.
Mr. Gratton served as Chairman, President and Chief Executive Officer of
Power Financial Corporation's subsidiary, Montreal Trust, from 1982 to 1989.
He was named President and Chief Executive Officer of Power Financial in 1990,
and was executive Chairman of the Power Financial Board from May, 2005 until
May 8, 2008, when he announced his retirement. He continues to be a member of
Power Financial's Board of Directors.
Commenting on his appointment as Deputy Chairman, Mr. Gratton said that
he looks forward to his ongoing association with the Power group and that
shareholders of Power Corporation and Power Financial Corporation can count on
his continuing interest in and support of the group companies and their
management.
ELECTION OF A NEW DIRECTOR
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At their meeting today the shareholders elected Raymond McFeetors to the
Board of Directors. Yesterday, Mr. McFeetors was appointed Vice-Chairman of
the Board of Power Financial Corporation.
Power Corporation is a diversified international management and holding
company with interests in the financial services industry in North America and
Europe.
