Paul Desmarais, Jr.
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Paul Desmarais Jr. OC, OQ |
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|---|---|
| Born |
July 3, 1954 Sudbury, Ontario, Canada |
| Education | |
| Occupation | Businessperson |
| Known for | Chairman and Co-CEO of Power Corporation of Canada |
| Home town | Montreal, Quebec |
| Parent(s) |
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Paul Desmarais Jr., OC, OQ (born July 3, 1954) is a Canadian businessman in his hometown of Montreal.
He is the eldest son of Paul Desmarais Sr. and Jacqueline (Maranger) Desmarais. Currently he is the Chairman and Co-Chief Executive Officer of Power Corporation of Canada.
Desmarais was born in Sudbury, Ontario. He was educated at Lakefield College School in Lakefield, Ontario, McGill University in Montreal, Quebec, and at INSEAD in Fontainebleau, France, where he earned a Master of Business Administration. He is a Roman Catholic.
Paul Desmarais is married to Hélène Desmarais, Chairman of the Board and CEO of the Centre d’entreprises et d’innovation de Montréal (CEIM). They have four children: Paul, Alexandre, Nicolas, and Charles-Édouard.
Paul Desmarais Jr. began his career with S.G. Warburg & Co. in London, England, and with Standard Brands Incorporated in New York. He then joined Power Corporation of Canada in 1981 and assumed the position of Vice-President the following year. In 1984, he led the creation of Power Financial Corporation. Desmarais served as Vice-President of Power Financial from 1984 to 1986, as President and Chief Operating Officer from 1986 to 1989, as Executive Vice Chairman from 1989 to 1990, as Executive Chairman from 1990 to 2005, as Chairman of the Executive Committee from 2006 to 2008 and as Executive Co-Chairman from 2008 until today.
He also served as Vice-Chairman of Power Corporation from 1991 to 1996. He was named Chairman and Co-CEO of Power Corporation in 1996.
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