Jean Gattuso Appointed as Chair of Letko Brosseau
Letko Brosseau & Associates Inc. is excited to announce the appointment of Jean Gattuso as the new Chair of its Board of Directors, effective January 1, 2025. With a solid background in leadership and business, Mr. Gattuso is poised to steer the company into the future. His extensive experience, particularly as President and COO of Lassonde Industries, will play a crucial role in shaping the firm's strategic direction.
A Strong Leadership Background
Jean Gattuso has built an impressive career marked by significant leadership positions. Since joining the Letko Brosseau board in December 2022, he has provided valuable insights that are expected to propel the firm toward ongoing success. His previous experience includes serving on the board of Investissement Québec and co-chairing the National Supply Chain Task Force for Transport Canada. Additionally, he founded the Conseil de la transformation alimentaire du Québec (CTAQ), demonstrating his commitment to advancing the interests of the food industry in Quebec.
Educational Background
Mr. Gattuso holds a Commerce degree from McGill University, along with an MBA from the École des sciences de la gestion at l'Université du Québec à Montréal. This academic foundation has enhanced his strategic thinking and business expertise.
Comments from Company Leaders
Thomas Birks, the outgoing Chair of Letko Brosseau, shared his excitement about Mr. Gattuso's appointment, highlighting his extensive experience as a vital asset for the management team. Similarly, Daniel Brosseau, the firm's President and Co-Founder, expressed confidence in Mr. Gattuso’s ability to uphold the firm's mission, which focuses on client wealth management through independent research and principled investment strategies.
Letko Brosseau's Track Record
Since its establishment in 1988, Letko Brosseau has achieved impressive results, reporting compound returns of 10.9% across all assets under management, significantly exceeding industry benchmarks. The firm has generated over $35 billion in gains for its clients, showcasing its commitment to thorough analysis and leadership in investment management.
Commitment to Governance
In his new role, Mr. Gattuso is dedicated to upholding world-class governance standards and focusing on knowledge-based investment strategies. He aims to support Canadian companies by ensuring that rigorous evaluation processes are implemented during investment decisions.
Following a Distinguished Leader
Jean Gattuso takes over from Thomas Birks, who has successfully led the company through a transition to an independent board. Mr. Birks' contributions have left a lasting legacy, enhancing governance and strategic oversight within the organization.
About Letko Brosseau & Associates Inc.
Founded in 1987, Letko Brosseau is an independent investment management firm with offices in Montreal, Toronto, and Calgary. The firm provides asset management services to both institutional investors and private clients, consistently aiming for excellence in investment outcomes for its clients.
Investment Performance Insights
All performance figures mentioned are annualized and reflect net management fees deducted from clients. The firm employs a diverse set of benchmarks to accurately compare asset performance. It is important to note that past performance should not be seen as a guarantee 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 oversee the strategic direction and governance of the firm, utilizing his extensive leadership experience.
What are the key achievements of Letko Brosseau?
The firm has generated over $35 billion in gains for its clients, with compound returns exceeding industry benchmarks since its inception in 1988.
What is the focus of Letko Brosseau's investment strategies?
Letko Brosseau prioritizes independent research and principled investment strategies to effectively manage client wealth.
How does Letko Brosseau support Canadian companies?
The firm emphasizes rigorous evaluation in investment decisions, ensuring that Canadian companies receive the necessary support.
Who did Jean Gattuso succeed as Chair?
He succeeded Thomas Birks, who has guided the company through significant developments since 2017.
