Caisse CEO Steps Down

Henri-Paul Rousseau is stepping down as president and CEO of Caisse de depot et placement du Quebec, in order to become vice chairman of Power Corp. of Canada. He will remain an advisor to Caisse for the next three months. Caisse chief investment officer Richard Guay will serve as interim CEO.

 

PRESS RELEASE

 

The Caisse de depot et placement du Quebec (“Caisse”) today announced that Henri-Paul Rousseau was stepping down as president and chief executive officer of the Caisse. Mr. Rousseau has been with the Caisse since September 1, 2002. He will be joining a large Canadian company on January 1, 2009.

 

To ensure a smooth transition, Mr. Rousseau will remain as an advisor to the Caisse's Board of Directors and officers for a three-month period ending August 31, 2008.

 

The Board of Directors has asked Chief Investment Officer Richard Guay to assume Mr. Rousseau's responsibilities on an interim basis until a new president and chief executive officer has been appointed. Mr. Guay joined the Caisse in 1995 and has been chief investment officer since 2006.

 

A new challenge in the private sector

 

“The publication of the 2007 results coincided with the end of a first full five-year mandate at the helm of the Caisse, a significant milestone on which I had to reflect. Since the Caisse's new incorporating act, adopted in 2004, sets the president and chief executive officer's mandate at five years, the time was also conducive to a change in management, particularly since the next six months will be devoted to drafting the organization's 2009-2011 strategic plan. As for me, at age 60, this is the right time to take up a new challenge in the private sector,” explained Mr. Rousseau.

 

Mr. Rousseau expressed his deepest gratitude to all the employees, officers, depositors and directors of the Caisse for their outstanding support during his time with the organization. “Qu