Power Corporation of Canada has announced that Philip Ryan will be stepping down as executive vice president (EVP) and chief financial officer (CFO). Ryan will be pursuing other interests in the US, including board-related work and teaching. During his four years with the Power group of companies, he has made a significant contribution to Power Corporation and its subsidiaries.
The company has appointed Gregory Tretiak as EVP and CFO. Tretiak has been with IGM Financial (a subsidiary of Power Corporation) for 24 years and is currently the EVP and CFO, a position he has held since 1999. His experience and knowledge of the Power group make him ideally suited for his new role with the corporation.
Tretiak will also join Power Financial, a subsidiary, as EVP and CFO. These changes are expected to take place after the respective annual general meeting of shareholders of the corporation and Power Financial in May of 2012.
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