After two years as Director General, Corporate Comptroller at Quebec telecoms giant Vidéotron, Antoinette Noviello (BCom'91, DPA'93) has been promoted to VP. She brings massive experience to the role: she has been a CPA Québec member for 20 years, and has served as Financial Services Director General at Québécor, VP Finance at Lelys Group, and VP Finance at PVA Consulting. Ms. Noviello is also a lecturer at McGill’s School of Continuing Education. In her new job, Ms. Noviello will oversee the entirety of Vidéotron’s accounting and finances.
The FreeWheel Council for Premium Video has been a thought-leadership player in North America since 2015, educating stakeholders on the differences and benefits of premium video, from marketing to monetization. The company recently opened a European division to tackle the unique perspectives and issues present in that market.
Frederick Chenel (BCom'04) has big plans for CFA Montreal. As the Association’s new president, his goal is to up its exposure, both at home and on the world stage. He’ll be doing this by bringing industry heavyweights to Montreal to speak at the Association and by forging partnerships with major finance organisations. You can also expect to see Mr. Chenel promoting the city at conventions and other events.
In a piece for Cooperateur, La Coop Fédérée Director Colette Lebel asks what would happen if if we just trust our teams instead of depending on our individualism all the time?
Ms. Lebel says that over her career, she has learned much about letting go of the reins, in business and in pedagogy. She also explores the example of former Lac-Mégantic mayor Colette Roy Laroche, who stood in the ruins left by an exploding oil train and let her citizens dream up, then plan out, their city’s rebirth.
Philippe Cloutier (MBA'02) is the new Senior VP and CFO at Vidéotron, reporting directly to CEO Manon Brouillette. He will oversee the financial operations, procurement, and Vidéotron’s community channel, MAtv. Previously, he had been with Mission Capital Group, VP of North American Operations for Reader’s Digest, and the President of Quad/Graphics Canada. As Mr. Cloutier takes the reins of Vidéotron’s business plan, Ms. Brouillette hails him as “a brilliant financial strategist who will undoubtedly propel the organization towards success and excellence.”
For week 3 of the McGill X-1 Accelerator, the theme was Business Models and Startup Financials. Podlegal’s Philippe-Olivier Daniel got the ball rolling by telling participants to go for a distinctive company name that’s easy to defend, and by suggesting the book Venture Deals — Be Smarter Than Your Lawyer and Venture Capitalist.
According to a piece at BNN.ca, over 900 nominations have been reviewed and pared down to the final Canada’s 2017 Top 40 Under 40 list. The list is a roundup of some of Canada’s most outstanding young business and medical leaders, and technologists. Goodfood CEO Jonathan Ferrari (BCom'10) is also listed, as is DAVIDsTEA co-founder David Segal (BCom'04). Interviews with the recipients will be airing on BNN Tuesday and Thursday mornings throughout the summer.
A recent Lexpert Magazine article looks at a study by Aly Háji, a joint MBA- Law student supervised by Professor Karl Moore. The paper, The Illusion of Innovation at Canadian Law Firms, exposes the difference of opinion between law firm partners and associates about what innovation actually means.
Alexis Haynes (BCom'08) had a degree from Desautels and a plan. Then life got in the way: in quick succession, her sister and father both fell sick, and her mother suffered a seizure that required brain surgery. Ms. Haynes fought through the stress to finish her first year of law school in England, and though her mother gradually recovered, her father passed away from his illness. Ms. Haynes nevertheless completed a postgraduate diploma and a Masters in international legal practice with distinction.
Desautels alumna Kelly Megyery (MBA’92) was one of the Health Sciences judges at the McGill Dobson Cup 2017. She is a partner at Pivot Strategic Transformation, where she works on healthcare policy and life sciences. Previously, she was at Sanofi, where she led efforts around wellness and prevention.
Desautels alumnus Yves Grou (BCom’77, DPA’78) has been appointed to Sama Graphite Inc’s Board of Directors, effective June 14, 2017. Mr. Grou has pertinent experience, which makes him a good fit for the position: he is on the boards of several companies that operate in the energy and natural resources sectors.
In 2013, he founded Algold Resources Ltd., where he serves as Executive Vice Chairman. Before that, he founded management consultancy firm Groupe Conseils Grou, La Salle, Inc. in 1980 and mining company Semafo in 1995.
Ottawa is going to have to find a way to keep legalized cannabis on the affordable side, thanks to the already low prices in Quebec. A new Public Safety Canada report states that, for comparable quality marijuana, Quebec pot consumers pay about $5.33 per gram, while non-Quebecers average $7.04. Émilie Dansereau, of the Association pour la santé publique du Québec, suggests that Ottawa should pay attention to how the government of Uruguay killed off its black market with a low tax rate.
If you feel like customer satisfaction is an afterthought with airlines today, you aren’t alone. An op-ed in Cantech Letter quotes Desautels professor Karl Moore as naming competition, or a lack thereof, as the culprit: many North American routes are served by fewer airlines these days.
According to an op-ed in The Chronicle Journal, Desautels alumnus Peter Cundill (BCom’60) was an investor’s investor. He was inspired by Benjamin Graham’s investment philosophy, and used it to become extremely successful. He eschewed market trends in favour of weighing a company’s stock value against its liquidation value; he would check out the country with the worst-performing market of any given year, then place some money there against future recoveries; he was a true value investor, with the patience required to play the long game and make a killing at it.
Desautels professor Karl Moore writes for Forbes that millennials in the workforce take a different view of the emotion/facts balance than boomer workers do. He says that, whereas emotional outbursts at work used to signal the need to take a breather and calm down, the new generation gives emotion its due at the workplace.