Kim McInnes, President, Global Operations, has decided to leave the Company on November 30, 2012. I would like to thank Kim for his substantial contribution to the growth and success of Ivanhoé Cambridge, stated Daniel Fournier, Chairman of the Board and Chief Executive Officer of the Company.
Montreal - July 28, 2012 - Ivanhoé Cambridge announced today the following senior management changes:
•Kim McInnes, President, Global Operations, has decided to leave the Company on November 30, 2012.
“I would like to thank Kim for his substantial contribution to the growth and success of Ivanhoé Cambridge,” stated Daniel Fournier, Chairman of the Board and Chief Executive Officer of the Company. “Kim played a key role in overseeing the shopping centre business for many years and was also highly involved in the merger of the retail and office sectors, a merger which was executed successfully last year.”
“I would like to salute the quality of Kim’s work at Ivanhoé Cambridge. In addition to being an excellent real estate executive, he is a top-notch person. We will miss him,” said Michael Sabia, President and Chief Executive Officer of the Caisse de dépôt et placement du Québec.
“I have had an exciting career with the Ivanhoé Cambridge team and I think the Company is very well positioned for future growth,” said Mr. McInnes. “I want to seize this opportunity to thank my colleagues for their support during all those years and wish them the best.”
Mr. McInnes has been with the Company since 1989. Efforts to recruit a new head of operations have begun and Mr. Fournier will serve as interim head of operations.
•Claude Sirois is promoted to Executive Vice-President, Commercial Investment and Emerging Markets. In addition to his current responsibilities in connection with emerging markets, he will lead our investment strategies in the commercial sector.
•Roman Drohomirecki is promoted to Executive Vice-President, Operations, Central and Western North America, thereby adding the responsibility for the Ontario region.
•Rita-Rose Gagné is promoted to Executive Vice-President, Strategy, and remains responsible for investment strategy and capital allocation in the real estate portfolio.
These changes come into effect immediately.
“At Ivanhoé Cambridge, we have highly talented people,” added Mr. Fournier. “At a time when we are dealing with a period of high growth, both organic and through acquisitions, we are extremely fortunate to have a new generation of leaders assuming important responsibilities.”
About Ivanhoé Cambridge
Ivanhoé Cambridge is one of the world's 10 largest real estate companies. As at December 31, 2011, its assets totalled more than C$30 billion and could be found in over 20 countries around the world. Headquartered in Montreal, Quebec, Ivanhoé Cambridge is a real estate subsidiary of the Caisse de dépôt et placement du Québec (lacaisse.com), one of Canada's leading institutional fund managers.