CDPQ CIO Resigns

Seven-year veteran Roland Lescure seeks to “enter public and political life”.

The CAD 270 billion Caisse de dépôt et placement du Québec’s Chief Investment Officer has resigned. Roland Lescure left the fund on April 6 to pursue a role within the public and political arena.

“I have spent the past seven years working in one of the best institutions in Canada. I worked with extraordinary people and helped build a world-class investment organization whose success benefits all Quebecers,” Lescure said in a press release.

“On the eve of the French elections, I have decided to enter public and political life because I want to play a quite active role at a crucial time for France and for Europe. Since la Caisse is apolitical and non-partisan, I will have more to say about the political commitment I am making tomorrow.”

The plan has initiated a global search process to find Lescure’s successor. In the interim, Michael Sabia, the CDPQ’s CEO and president, will take over Lescure’s responsibilities. 

A plan representative was unavailable to provide additional information at the time this story went to press.

Tags: , , ,