timberland ladies boots Death of Jacqueline Desmarais
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MmeDesmarais was married to The Honourable Paul G. Desmarais who died in 2013. MmeDesmarais was the mother of PaulDesmarais Jr., AndrDesmarais, Louise Desmarais and Sophie Desmarais.
A private family funeral is to be held in the coming days, to be followed by a memorial service at a date to be announced by the Desmarais family.
MmeDesmarais was a trustee of the Desmarais Family Residuary Trust (the”Trust”). The Trust exercises control over family holding entities (together “Holdco Entities”) which own 48,668,392 Participating Preferred Shares and 48,
363,392 Subordinate Voting Shares of Power Corporation of Canada. In accordance with the terms governing the Trust, MmeDesmarais has been replaced as a trustee by her daughter Sophie Desmarais. The other trustees of the Trust are Paul DesmaraisJr., Andr Desmarais, Michel Plessis Blair and Guy Fortin. The trustees of the Trust also act as voting administrators with respect to Holdco Entities. Decisions with respect to voting and disposition of shares of Power Corporation of Canada controlled by the Trust shall be determined (subject to the rights of Paul Desmarais Jr. and Andr Desmarais to direct the sale or pledge of up to 15 million and 14 million of those Subordinate Voting Shares respectively as previously disclosed) by a majority of the trustees of the Trust, excluding Sophie Desmarais.