Power Corporation of Canada announced that its Board of Directors has approved the appointment of Mr. Jake Lawrence as Chief Financial Officer, effective March 18, 2024. Mr. Lawrence has an extensive background in financial services, having worked at Scotiabank for the past 22 years in progressively senior roles in both Canada and the United States. Mr. Lawrence was most recently CEO and Group Head, Global Banking and Markets with responsibility for Scotiabank's corporate and investment banking as well as capital markets globally.

He is a member of the Advisory Council for Women in Capital Markets and Chair of the Canadian Advisory Board for Right To Play, and previously has served as the Chair of the Ontario Housing Affordability Task Force. He holds an Honours Bachelor of Arts degree from Lakehead University and a Master of Business Administration degree from Wilfrid Laurier School of Business and Economics. Mr. Lawrence will replace Mr. Gregory D. Tretiak, who joined Power Corporation in 2012 as Chief Financial Officer.

Mr. Tretiak made an immense contribution to the Power group of companies over 40 years, including 28 years at IGM Financial. Mr. Lawrence will also serve as Chief Financial Officer of Power Financial Corporation, a subsidiary of the Corporation.