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Industrial Alliance Insurance and Financial S
Symbol IAG
Shares Issued 101,452,284
Close 2015-07-29 C$ 41.44
Market Cap C$ 4,204,182,649
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Industrial Alliance's iA appoints Laflamme EVP

2015-07-30 09:33 ET - News Release

Mr. Yvon Charest reports

IA FINANCIAL GROUP ANNOUNCES NEW RESPONSIBILITIES AMONG SENIOR MANAGEMENT TEAM

Industrial Alliance Insurance and Financial Services Inc.'s iA Financial Group has made the following changes to the senior management team.

Renee Laflamme, CPA, CA, CFA, becomes executive vice-president responsible for group insurance employee plans and special markets solutions, as well as retaining her current role as head of group savings and retirement. In her new capacity, she also joins the company's planning committee. Ms. Laflamme has been with iA for 17 years, during which she held assignments in mortgage loans and in investments. Before iA, she was employed for 10 years as an auditor with a leading accounting firm.

Rene Chabot, FSA, FCIA, who is executive vice-president, chief financial officer and chief actuary, takes on additional responsibilities as head of information technology and legal services. Mr. Chabot, who has been with iA for 32 years, has held a number of positions including 10 years as head of group savings and retirement, as well as marketing for personal financial services. He is a member of the company's planning committee.

Denis Ricard, FSA, FCIA, in his role as executive vice-president, assumes responsibility for individual insurance and annuities, as well as retaining his position as head of group insurance dealer services and IA Trust. Employed with iA for 30 years, Mr. Ricard has held a number of assignments including president of the Excellence Life Insurance subsidiary, chief actuary and CFO, and marketing for personal financial services. He is a member of the company's planning committee.

"These nominations are part of our organization's ongoing succession planning that focuses on the development and promotion of high-performing individuals from within the organization," comments president and chief executive officer Yvon Charest. "This assures continuity and aligns our people with our long-term goals, that is, to be the preferred financial partner of our clients, the creator of sustainable value for our investors, as well as providing stimulating and rewarding careers for our employees. On behalf of the board of directors and the senior management team, I congratulate these individuals on their new roles and wish them continued success."

The company's planning committee includes Yvon Charest, president and chief executive officer; Normand Pepin, executive vice-president and assistant to the president; Michel Tremblay, executive vice-president and chief investment officer; Mike Stickney, president, IA American Life Insurance Company; and Carl Mustos, president, iA Clarington, in addition to the individuals named above.

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