Mario D. Morroni named Executive Vice President, Strategy and Capital AlLocation; Rita-Rose Gagné appointed Executive Vice President, Growth Markets
Daniel Fournier, Chairman of the Board and Chief Executive Officer of Ivanhoé Cambridge, is pleased to announce the following appointments to the Company’s senior management team:
Strategy and Capital AlLocation
Mario D. Morroni is appointed Executive Vice President, Strategy and Capital AlLocation, effective January 13, 2014.
Mr. Morroni, who will report to the Chairman and Chief Executive Officer, is currently President and Chief Executive Officer of the Association de bienfaisance et de retraite des policiers et policières de la Ville de Montréal (ABRPPVM).
“As he has served on our Board of Directors and its Audit Committee for several years, Mr. Morroni is already very familiar with our organization, the real estate industry and its challenges,” Mr. Fournier said. “We are relying on him to give a fresh boost to our strategic direction, at a time when we are experiencing strong growth both here in Canada and internationally. We are certain that he will prove to be a valuable asset for Ivanhoé Cambridge’s senior leadership team and that he will also make an important contribution to our management of capital alLocation.”
Mr. Morroni will relinquish his responsibilities at the Board and Audit Committee level prior to taking up his new duties with the Company.
Rita-Rose Gagné, until now responsible for strategy at the Company, is appointed Executive Vice President, Growth Markets, effective immediately.
“As is the case for our principal shareholder, the Caisse de dépôt et placement du Québec, the growth markets sector is assuming greater importance at Ivanhoé Cambridge,” Mr. Fournier explained. “There are many investment opportunities, the conditions for success are complex and require very strong strategic and transactional abilities, areas in which Rita-Rose excels.”