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Cascades appoints three new directors


July 26, 2016
By Cindy Macdonald

Michelle A. Cormier, Martin Couture and Patrick Lemaire have joined the board of directors of Cascades Inc.

Cormier is a senior-level executive with experience in financial management and strategic consulting as well as corporate financing, turnaround and governance. She currently serves as operating partner at Wynnchurch Capital Canada.

Martin Couture is CEO of Sanimax, where he has worked since 1990. Combining strong leadership skills with extensive operational experience, Couture was named one of Canada’s “Top 40 under 40,” a Caldwell Partners award, in 2007, and received the Ernst & Young Entrepreneur of the Year award in 2008.

Patrick Lemaire has served as president and CEO of Boralex Inc. since September 2006. Over the last decade, he has profoundly transformed the company and helped position it as a renewable energy leader in Canada and France. He began his career at Cascades in 1988. He successively held the positions of project manager, maintenance manager and plant manager in France and the United States. He advanced to general manager of five plants, and then vice-president and chief operating officer of the company’s activities in the containerboard packaging sector.

“We are thrilled with the addition of such talented candidates as Michelle Cormier, Martin Couture and Patrick Lemaire,” said Alain Lemaire, executive chairman of the board of directors. “Through their experience and vision, they will help us develop Cascades’ strategic orientations in order to keep creating value for all our partners.”

These directors will hold office until the next annual general shareholders’ meeting. Cascades has 12 directors, most of whom are independent. The company produces, converts and markets packaging and tissue products.