Jean Gattuso Takes Leadership as Chair of Letko Brosseau Board
Jean Gattuso's Appointment as Chair of Letko Brosseau
Letko Brosseau & Associates Inc. is thrilled to announce Jean Gattuso as the new Chair of its Board of Directors. With a strong foundation in leadership and business, Mr. Gattuso is set to lead the company forward, effective from January 1, 2025. His experience, especially during his tenure as President and COO of Lassonde Industries, will be invaluable in guiding the firm's strategic decisions.
A Rich Background in Leadership
Jean Gattuso boasts a remarkable career characterized by significant leadership roles. Since joining the board of Letko Brosseau in December 2022, he has contributed insights and perspectives that are expected to drive the firm towards continued success. His previous roles also include membership on the board of Investissement Québec and co-chairing the National Supply Chain Task Force under Transport Canada. Moreover, his foundation of the Conseil de la transformation alimentaire du Québec (CTAQ) highlights his dedication to advancing the food industry's interests in Quebec.
Academic Credentials
Educationally, Mr. Gattuso holds a Commerce degree from McGill University, complemented by an MBA from the École des sciences de la gestion at l'Université du Québec à Montréal. His academic background has fortified his strategic thinking and business acumen.
Welcoming Remarks from Company Leaders
Thomas Birks, the outgoing Chair of Letko Brosseau, expressed enthusiasm about Mr. Gattuso's appointment, emphasizing his wealth of experience as essential for the management’s decision-making process. Similarly, Daniel Brosseau, the firm’s President and Co-Founder, conveyed confidence in Mr. Gattuso’s capabilities to uphold the firm's mission, focusing on client wealth management through independent research and principled investment strategies.
Letko Brosseau's Performance Record
Since its inception in 1988, Letko Brosseau has demonstrated remarkable performance, boasting compound returns of 10.9% for all assets under management, well above the industry benchmarks. The firm has generated over $35 billion in gains for its clients, a testament to its thorough analysis approach and commitment to leadership in investment management.
Commitment to Governance
In his new role, Mr. Gattuso pledges to maintain world-class governance standards and focus on delivering knowledge-based investment strategies. He aims to support Canadian companies by ensuring rigorous evaluation processes are in place during investment decisions.
Successor to a Distinguished Leader
Jean Gattuso succeeds Thomas Birks, under whose leadership the company successfully transitioned to an independent board. His contributions have solidified a significant legacy within the organization, promoting enhanced governance and strategic oversight.
About Letko Brosseau & Associates Inc.
Founded in 1987, Letko Brosseau is an independent investment management firm with offices in Montreal, Toronto, and Calgary. The company provides asset management services to both institutional investors and private clients, consistently striving to achieve excellence in client investment outcomes.
Investment Performance Insights
All performance figures cited are annualized and reflect net management fees withheld from clients. The firm uses a diverse range of benchmarks to compare asset performances accurately. Importantly, previous performance should not be perceived as indicative of future results, as every investment carries inherent risks.
Frequently Asked Questions
What role will Jean Gattuso play as the Chair of Letko Brosseau?
Jean Gattuso will guide the firm's strategic direction and governance, leveraging his extensive leadership experience.
What are the key achievements of Letko Brosseau?
The firm has delivered over $35 billion in gains for clients, with compound returns surpassing industry benchmarks since 1988.
What is the focus of Letko Brosseau's investment strategies?
Letko Brosseau emphasizes independent research and principled investment strategies to manage client wealth effectively.
How does Letko Brosseau support Canadian companies?
The firm advocates for rigorous evaluation in investment decisions, ensuring that Canadian companies receive the support they need.
Who did Jean Gattuso succeed as Chair?
He succeeded Thomas Birks, who oversaw significant developments during his tenure from 2017 until now.
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