June 3, 2023

The Queens County Citizen

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By 2024, a big change on Desjardins’ head

Since 1994, the two positions have been merged into one, but this decision has not been reversed. CIO Desjardins, Guy Cormier.

The characteristic of governance is that it conforms to the reality of the times, to the circumstances, to the will of the members and representatives. […]. Desjardins Group is very solidHe argued.

In 2023, the cooperative will register assets of 407 billion, representing an increase of nearly 200 billion in 10 years.

Desjardins Group President and CEO Guy Cormier at the annual general meeting on Saturday.

Photo: Radio-Canada / Louis-Simon Lapointe

The reflection started many years ago, but the evolution of members’ and clients’ needs, the multiplication of distribution channels as well as legal and regulatory requirements finally caused a reorganization of responsibilities in management.

One of the consequences is that more is always demanded of the person occupying the position of president and chief executive officer. Hence her release from the role of president becomes beneficial thatWe can read in the company’s press release.

The change will be implemented from 2024 but will officially take effect from 2026.

Budget the balance

Asked about the Legault government’s latest budget and proposed tax cuts, Guy Cormier said elected officials have managed to find balance in a difficult situation.

Currently the government is facing many demands. I think he has struck the right balance with tax cuts, which will certainly benefit people who need support with the rising cost of livingHe says.

According to him, the economic situation should improve in 2024.

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According to information from Louis-Simon Lapointe