Paul Desmarais, Jr. (1954) was appointed to the Lafarge Board of Directors in January 2008.
He joined the Power Corporation of Canada in 1981 and he was appointed as its Vice-President the year after. In 1984, he led the creation of Power Financial Corporation (PFC) in order to consolidate Power’s main fi nancial interests with those of Pargesa Holding SA. Mr Desmarais was Vice-Chairman and Chief Operating Offi cer of PFC from 1986 to 1989, Executive Director and Vice-Chairman of the Board from 1989 to 1990, Executive Director and Chairman from 1990 to 2005, Chairman of the Executive Committee from 2006 to 2008 and he is Executive Co-Chairman of the Board of PFC since 2008. Furthermore, he was also Vice-Chairman of the Board of Power Corporation from 1991 to 1996. He was appointed Chairman and Co-CEO of PowerCorporation in 1996. After the takeover of Pargesa by PFC and the Belgian Group Frère in 1990, Mr Desmarais worked in Europe from 1991 to 1994, during which period he developed the partnership with Groupe Frère group and worked on the restructuring of the Pargesa group. He was a Member of the Management Committee of Pargesa from 1982 to 1990, Executive Vice-Chairman of the Committee in 1991 and then Executive Chairman. He was appointed Managing Director in 2003 and Chairman of the Board of Pargesa in 2013.
Paul Desmarais, Jr. studied at McGill University (Canada) where he obtained a Bachelor’s degree in Commerce. He then graduated from the European Institute of Business Administration (INSEAD) in Fontainebleau, France, with an MBA.
Paul Desmarais, Jr. in particular brings to the Board his expertise in finance and management of equity investments as well as his experience as a Director of international industrial groups and his knowledge of North America.
Mr Desmarais holds 6,715 Lafarge shares.