Ivanhoé Cambridge chairman and CEO to retire
After more than 10 years of service at Caisse de dépôt et placement du Québec (CDPQ), including over nine years as the CEO of Ivanhoé Cambridge, Daniel Fournier has announced that he will retire in fall 2019. To ensure an orderly transition, Fournier will continue to serve in his role until October 15, 2019.
In 2011, Fournier led the consolidation of CDPQ’s real estate subsidiaries — SITQ and Ivanhoé Cambridge. During his time as CEO, Ivanhoé Cambridge’s transaction volume, including acquisitions and sales, totalled nearly C$100 billion ($75 billion). And Ivanhoé Cambridge’s real estate assets grew from C$31 billion to C$65 billion ($23 billion to $49 billion), generating net investment income of close to C$24 billion ($18 billion).
The company also launched several large-scale development projects in cities around the world, including the Projet Nouveau Centre in downtown Montréal, and significantly increased its presence in growth markets, especia