Daniel Fournier, Chairman and Chief Executive Officer of Ivanhoé Cambridge, announces retirement

unknown

After more than ten years of service at Caisse de dépôt et placement du Québec (CDPQ), including over nine as the CEO of Ivanhoé Cambridge, Daniel Fournier has announced that he will retire in fall 2019. To ensure an orderly transition, Mr. Fournier will continue to serve in his role until October 15, 2019. false false false In 2011, Mr. Fournier led the consolidation of CDPQ’s real estate subsidiaries – SITQ and Ivanhoé Cambridge – under a single banner to give the group a stronger edge in the face of global competition and to gain access to transactions on a larger scale. Under Mr. Fournier’s leadership, Ivanhoé Cambridge has become a global presence that employs a selective approach focused on quality partners, projects and assets. During his time as CEO, Ivanhoé Cambridge’s transaction volume, including acquisitions and sales, totalled nearly $100 billion. The company was named Best Global Investor of the Year in 2017 and 2018, a prestigious industry recognition as part of the IPE Real Estate Global Awards. Under Mr. Fournier’s leadership, Ivanhoé Cambridge has built global portfolios of assets in the residential, office and logistics sectors. 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, especially in Asia Pacific and Latin America. During Mr. Fournier’s time leading the company, Ivanhoé Cambridge’s real estate assets grew from $31 billion to $65 billion, generating net investment income of close to $24 billion, with an average annual return of 11.8%. false false false The succession team Nathalie Palladitcheff is appointed President and Chief Executive Officer of Ivanhoé Cambridge. After joining Ivanhoé Cambridge in 2015, Ms. Palladitcheff was appointed President in 2018. Her responsibilities in this role included developing and executing Ivanhoé Cambridge’s global strategy and ensuring the alignment of its investment and corporate activities. She led the strategic planning process, supervised the company’s overall financial activities and was responsible for human resources, legal affairs and information technology. Before joining Ivanhoé Cambridge’s management team, Ms. Palladitcheff held various management positions in real estate investment, development and services at private and public companies. In her new role, Ms. Palladitcheff will work closely with Sylvain Fortier, Chief Investment and Innovation Officer, whose functions were expanded and include responsibility for the company’s overall investment activities. With over 30 years of real estate experience, Mr. Fortier joined CDPQ in 2004. In 2011, he was appointed to lead the residential business unit of the newly formed Ivanhoé Cambridge and was also responsible for real estate funds and hotels. As Chief Investment and Innovation Officer, Mr. Fortier supervises the development and implementation of new strategies to reinforce Ivanhoé Cambridge’s leadership in the industry and promote corporate social responsibility. false false false Earlier this year, it was announced that Ivanhoé Cambridge’s President and Chief Executive Officer and Chairman of the Board roles would now be separate. In the coming months, a new Chairman of the Board will be appointed by the Ivanhoé Cambridge Board of Directors, upon recommendation from the CDPQ Board of Directors. The announced changes will be effective October 15, 2019. Complete biographical notes for Mr. Fournier, Ms. Palladitcheff and Mr. Fortier are included with this news release. Biographical notes of: Daniel Fournier Nathalie Palladitcheff Sylvain Fortier false false false ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2019, it held CAD 326.7 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages. ABOUT IVANHOÉ CAMBRIDGE Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint. Vertically integrated in Canada, Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,000 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held close to C$65 billion in real estate assets as at December 31, 2018 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada’s leading institutional fund managers. For more information: ivanhoecambridge.com.