Macky Tall to leave CDPQ: orderly transition process under way

Caisse de dépôt et placement du Québec (CDPQ) today announces that Macky Tall has resigned from his positions at CDPQ and its subsidiaries. Mr. Tall has accepted a position with a U.S. private investment firm, which he will start in Spring 2021 following a cooling-off period. 

To ensure a smooth transition, Mr. Tall will stay in his position until the end of 2020. 

Appointments in the Real Assets group 

CDPQ announces a change in the structure of its Real Assets group, which is based on the talent and expertise developed within CDPQ.

Accordingly, the following appointments will be effective on January 1, 2021:

• Jean-Marc Arbaud, Managing Director, CDPQ Infra, since September 2018, is promoted to President and Chief Executive Officer of operating subsidiary, CDPQ Infra. He will report directly to the President and Chief Executive Officer of CDPQ. In this role, he will continue to be responsible for the team and for developing and managing projects piloted by CDPQ Infra, in particular the Réseau express métropolitain (REM).
  
  Jean-Marc Arbaud’s experience includes eight years at SNC-Lavalin and, from 2005 to 2011, he served as President and Chief Executive Officer of InTransitBC, concessionaire for the Canada Line, Vancouver’s electric, automated public transportation system. Before joining CDPQ Infra, he also held senior positions at Power Global and was president of Infra‑Diagnox.
   
• Harout Chitilian, who served as Executive Director, Corporate Affairs and Development, CDPQ Infra, is appointed Vice-President, Corporate Affairs, Development and Strategy, CDPQ Infra. As such, he will directly support Jean-Marc Arbaud in executing and developing CDPQ Infra’s business strategy. 
  
  Before joining CDPQ Infra, Harout Chitilian was a consultant for various companies specialized in information technology and telecommunications. He was Chairman of the City Council before becoming the Vice-President of the Executive Committee of Montréal, where he was responsible for information technology and the smart and digital city project, until 2017.
   
• Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure and member of CDPQ’s Executive Committee, will report directly to the President and Chief Executive Officer. The Infrastructure portfolio he leads is expected to double in the next four years, reaching $60 billion by 2024.
  
  Emmanuel Jaclot has been Executive Vice-President and Head of Infrastructure since June 2018. In this role, he already holds responsibility for CDPQ’s global infrastructure strategy and investments. Before joining CDPQ, he was Senior Vice-President at Schneider Electric, a global leader in energy management, in London. From 2007 to 2015, he was Deputy CEO at EDF Énergies Nouvelles, a subsidiary of EDF specialized in renewable energy, in Paris. His past experience includes managing major international mergers and acquisitions, through which he developed a dual expertise in investing and asset management. 
   
• Martin Laguerre, currently Managing Director, Capital Solutions at CDPQ, is appointed Executive Vice-President, Private Equity and Capital Solutions. In this role, he will report directly to the President and Chief Executive Officer of CDPQ and become a member of the Executive Committee. 
  
  Martin Laguerre has over 20 years of experience in private equity and finance. Prior to joining CDPQ in 2019, he was Senior Principal, Power and Renewables at Canada Pension Plan Investment Board (CPPIB, now CPP Investments) in New York. He previously held the position of Managing Director, Global Power and Water Division and Renewables at General Electric, as well as various positions in investment banking and investment management at global financial institutions.
   
• Lastly, a new Chairman of the Board for Ivanhoé Cambridge will be appointed to replace Macky Tall at the beginning of 2021.