Power Corporation of Canada announced that R. Jeffrey Orr will be succeeded as Chief Executive Officer by James O'Sullivan, currently President and CEO of IGM Financial Inc. ("IGM Financial"), a subsidiary of Power, effective July 1, 2026. Mr. Orr has been with the Power group of companies for 25 years, including the past six years as President and CEO of the Corporation after serving as President and CEO of Power Financial Corporation ("Power Financial") since 2005 and, previously, as President and CEO of IGM Financial beginning in 2001. During this time, Mr. Orr has guided Power Corporation and its subsidiaries through a period of significant transformation and growth.
Under his leadership, Power Corporation has been repositioned and strengthened, evolving from a diversified holding company into one primarily focused on financial services, with record performance and significant long-term value creation for shareholders. Mr. O' Sullivan is an accomplished executive with a depth of experience across many sectors of the financial services industry, including the past six years as President and CEO of IGM Financial. During his tenure as CEO of IGM Financial, Mr. O'Sullivan advanced IGM Financial's strategy, client experience, financial performance, and culture.
He established a clear path to sustainable earnings growth, strengthened the strategic orientation across the two main pillars of wealth management and asset management, and championed strategic investments within each pillar. Since his arrival at IGM Financial, he has worked closely with the senior leadership teams at Power, Great-West Lifeco Inc. ("Great-West Lifeco") and other group companies. Mr. O' Sullivan is already a member of the Board of several companies in the Power group, including IGM Financial, Great-West Lifeco and Wealthsimple.
