May 20, 2016

Ivanhoé Cambridge appoints Claude Sirois President, Ivanhoé Cambridge Retail

An Executive Committee made up of seasoned professionals

Ivanhoé Cambridge announces today the appointment of Claude Sirois as President, Ivanhoé Cambridge Retail. Until very recently, Mr. Sirois served as Executive Vice President, Shopping Centres, North America, Ivanhoé Cambridge Inc.

“Claude is a seasoned leader with a strong reputation in real estate, especially in the retail industry,” said Bill Tresham, President, Ivanhoé Cambridge. “He now leads our biggest business unit, consisting of 27 Canadian shopping centres, 21 of which we operate ourselves.” With his experience and his extensive knowledge of the sector, Claude is the ideal leader to leverage this business unit for our organization’s future growth.”

Mr. Tresham continued: “The changes we have made over the past few years have enabled our centres to significantly increase sales and productivity. We navigate in an environment that increasingly favours a complementary approach between ‘the click and the brick,’ or on- and offline shopping. Our centres are well-positioned to attract the best retailers and to cater to our customers’ very high expectations.”

Mr. Sirois will be supported by a team of very experienced leaders on the Executive Committee of the Retail business unit. Karen Laflamme joins the business unit as Executive Vice President and Chief Financial Officer. Roman Drohomirecki is appointed Executive Vice President and Chief Operating Officer, while Paul Gleeson becomes Executive Vice President and Chief Development Officer, and Nathalie Rousseau, Vice President, Asset Management.

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