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Home > Paul Desmarais

Born in Sudbury, Ontario, Desmarais took control of his family's bus service, Sudbury Bus Lines, in 1951. He then acquired additional bus lines in the Ottawa area and Quebec City (including Quebec Autobus and Provincial Transport). By 1968, Desmarais's holding company, Trans-Canada Corporation Fund (TCCF), owned the bus line Provincial Transport, an interest in Toronto-based Imperial Life Assurance and Gesca Ltée, (which had an interest in the Montreal paper La Presse). That year TCCF made a share-exchange offer with Power Corporation of Canada, headquartered in Montreal, Quebec, whereby Paul Desmarais became Chairman and Chief Executive Officer.

Amongst its numerous worldwide holdings, Desmarais'; Power Corporation of Canada owns 25% of Groupe Bruxelles Lambert , one of Belgium's top ten companies which, in 2001 acquired control of the German publishing giant, Bertelsmann AG.

In 1974, Desmarais named employee Paul Martin, Jr. as president of a Power Corporation subsidiary, Canada Steamship Lines Inc.Canada Steamship Lines CSL is a Canadian shipping company with headquarters in Montreal, Quebec. Beginnings CSL had humble beginnings in Canada East in 1845, operating river boats on the St. Lawrence River in general commerce. Subsequent growth over the y. In 1981, he sold the company to Laurence Pathy and Paul Martin, Jr., the latter of whom became Prime Minister of CanadaThe Prime Minister of Canada the head of the Canadian government, is usually the leader of the political party with the most seats in the Canadian House of Commons. The Prime Minister has the right to the style of Right Honourable''. The current prime min on December 12December 12 is the 346th day (347th in leap years) of the year in the Gregorian calendar. There are 19 days remaining. Events 627 Battle of Nineveh 1531 Apparition of Our Lady of Guadalupe, Mexico City 1787 Pennsylvania becomes the second state to ratify, 20032003 is a common year starting on Wednesday (link will take you to calendar), and also: The International Year of Freshwater The European Disability Year Summary Perhaps the defining global event of the year 2003 was the Invasion of Iraq launched by the U. In 1978 he was made an Officer of the Order of CanadaThe Order of Canada is Canada's highest civilian honour, awarded to those who adhere to the Order's motto Desiderantes meliorem patriam meaning "they desire a better country. The Order was created on July 1, 1967, on the country's 100th anniversary, to re and was promoted to Companion in 1986.

Desmarais has two sons: Paul Jr. and André (who is married to former Canadian Prime Minister Jean ChrétienJoseph Jacques Jean Chretien (born January 11, 1934, Shawinigan, Quebec) was the twentieth Prime Minister of Canada, serving from November 4, 1993, to December 12, 2003. The Rt Hon. Jean Chretien Rank 20th Term of Office November 3, 1993 December 12, 2003's daughter FranceFrance Chretien Desmarais is a Canadian businesswoman. She is the daughter of Jean Chretien, twentieth Prime Minister of Canada. She is married to Andre Desmarais, president of the Montreal-based Power Corporation of Canada, and son of Paul Desmarais, Sr.).

Paul Desmarais, Jr. is the eldest son of Paul Desmarais, Sr. He was the Chairman and Co-Chief Executive Officer of Power Corporation of Canada.

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