Power Corporation Announces Executive Appointment

Power Corporation of Canada has announced the appointment of Mr. Jake Lawrence as its Executive Vice-President and Chief Financial Officer, effective March 18, 2024. Mr. Lawrence brings with him a wealth of experience in the financial services sector, having spent the last 22 years at Scotiabank in various senior positions in both Canada and the United States.

During his tenure at Scotiabank, Mr. Lawrence held progressively senior roles and most recently served as CEO and Group Head of Global Banking and Markets. In this capacity, he oversaw the bank's corporate and investment banking, as well as its capital markets operations worldwide. Additionally, Mr. Lawrence has been actively involved in industry organizations, serving as a member of the Advisory Council for Women in Capital Markets and Chair of the Canadian Advisory Board for Right To Play.

Mr. Lawrence's educational background includes an Honours Bachelor of Arts degree from Lakehead University and a Master of Business Administration degree from Wilfrid Laurier School of Business and Economics. His leadership skills and extensive financial expertise make him a valuable addition to Power Corporation.

Mr. Lawrence will succeed Mr. Gregory D. Tretiak, who has been with Power Corporation since 2012 as Chief Financial Officer. Mr. Tretiak's contributions to the Power group of companies over the past 40 years, including 28 years at IGM Financial, have been invaluable.

Expressing his gratitude, R. Jeffrey Orr, President and Chief Executive Officer of Power Corporation, thanked Mr. Tretiak for his long-standing dedication and outstanding service to the organization. He acknowledged Mr. Tretiak's significant role in the company's success and his wise judgment over the years.

In his new role, Mr. Lawrence will not only serve as Executive Vice-President and Chief Financial Officer of Power Corporation but also take on the same responsibilities for Power Financial Corporation, a subsidiary of Power Corporation. His appointment is expected to contribute to the continued growth and success of the Power group of companies.

Source: Power Corporation