Jump to Navigation
Home

Main menu

  • Home
  • News
  • Markets Map
  • Sentiments
  • Topics
  • Data
  • Comments
  • Images
  • Blog
  • About

Secondary menu

  • Latest News
  • Top Rated
  • Most Popular
  • Archive
  • Discussions
  • Experts caution over cinnabar use
  • Pingtang telescope to be centerpiece of astronomy plan
  • Throwing cold water on hot money
  • Experts caution over cinnabar use
  • Pingtang telescope to be centerpiece of astronomy plan
  • China's bank card transactions exceed 100t yuan
  • Throwing cold water on hot money
  • Shake-Up Hits Sino-Aussie Law Firm
  • New high-speed railway starts trial operation
  • After Competitors Collapse, American Eagle Looks Even...

    SNC puts on a brave face as Lamarre exits

    Fri, 03/06/2009 - 20:01 EDT - Financial Post

    After 42 years on the job Jacques Lamarre, president and chief executive of SCN-Lavalin Inc. is passing the baton to Pierre Duhaime.

    • Original article
    • Login or register to post comments
     

    Related

    • Culture of corruption allegations ‘completely false’, says former SNC-Lavalin CEO Lamarre

      MONTREAL — Jacques Lamarre’s remarkable reversal of fortunes earned him the title “Jacques the Conqueror” on the July 1996 cover of Quebec business magazine Commerce.

    • Former SNC head Pierre Duhaime formally charged with fraud

      MONTREAL — The former chief executive of Canada’s biggest engineering firm has been formally charged with fraud. Pierre Duhaime was not in court this morning and was represented by a lawyer who pleaded not guilty on behalf of the former SNC-Lavalin executive. Duhaime faces charges of fraud, conspiracy to commit fraud and issuing false documents.

    • Quebec Court of Appeal sides with SNC-Lavalin against securities regulator

      MONTREAL — The Quebec Court of Appeal has rebuffed the provincial securities regulator, which feared there was a risk of “collusion” if SNC-Lavalin auditors were given details about its investigation into the scandal that has engulfed the engineering giant. In a ruling issued Wednesday, Quebec’s highest court supported the review office of l’Autorite des marches financiers, which allowed an SNC-Lavalin executive under investigation to provide details to the company’s audit committee and external auditors Deloitte & Touche.

    • Duhaime payout could be as much as $13.2-million, compensation expert says

      Accused of fraud, former SNC-Lavalin Group Inc. chief executive Pierre Duhaime left the company with a retirement payout potentially worth $13.2-million including stock options. And the engineering giant has no way other than suing him to try to get the money back. That’s the view of Luis Navas, an executive compensation specialist with Toronto-based Global Governance Advisors, whose clients include Bank of Montreal.

    • SNC-Lavalin hires chief compliance officer for ethics guidance

      MONTREAL — Troubled engineering giant SNC-Lavalin has hired a former Siemens executive to guide the company on ethics and matters of corporate governance. Andreas Pohlmann will begin his duties as chief compliance officer on March 1, SNC-Lavalin said Friday. Former SNC CEO Pierre Duhaime and another former top executive, Riadh Ben Aissa, are facing fraud charges stemming from a contract involving the building of the multibillion-dollar McGill University Health Centre in Montreal.

    • Former executive Ben Aissa ‘orchestrated the transfer’ of $22.5M from SNC to Bahamas: court documents

      The deadline for submitting the all-important financing proposals for construction of the McGill University Health Centre’s super-hospital was fast approaching when the chief executive of SNC-Lavalin Group Inc. and his vice-president in charge of construction exchanged a series of emails. It was November 2009, and SNC led one of two consortiums bidding on the project valued at more than $1-billion.

    • SNC-Lavalin hires former Watergate investigator to advise on anti-corruption

      MONTREAL – Canadian engineering giant SNC-Lavalin Group Inc. has hired Watergate investigator Michael Hershman to advise the company on anti-corruption issues as it takes steps to strengthen its business practices amid ongoing police investigations and allegations of wrongdoing involving former employees.

    • ‘Challenged projects’ to hurt SNC-Lavalin’s 2013 profit growth

      MONTREAL – Stung by problem executives and with its reputation badly damaged, SNC-Lavalin Group Inc. is now dogged by problem contracts that are hurting its financials.

    • Anti-corruption police arrest ex-SNC-Lavalin CEO Pierre Duhaime

      MONTREAL – Quebec’s special anti-corruption police squad has arrested former SNC-Lavalin Inc. chief executive Pierre Duhaime. Montreal media outlets reported the arrest Wednesday morning. A spokesman for the squad did not immediately return calls. SNC shares fell 1.5% to $40.29 in morning trading as the news spread.

    • SNC-Lavalin suspends payments to former CEO Pierre Duhaime after fraud arrest

      SNC-Lavalin Group Inc, Canada’s biggest engineering company, said it will suspend payments to ex-Chief Executive Pierre Duhaime that were part of his departure package, nearly two weeks after he was arrested on fraud-related charges. The Montreal-based company said there may be facts regarding Duhaime that the board was not aware of at the time of his departure.

    Latest

    New book is a fuddle-duddle-seeking missile aimed at shattering the enduring Trudeau myth
    New book is a fuddle-duddle-seeking missile aimed...
    Fluoride increasingly removed from water supply despite lack of evidence it is harmful
    Fluoride increasingly removed from water supply...

    User login

    • Create new account
    • Request new password
    • Click on the icon to sign in with your social network login or enter your Bullfax.com login

    Our Blog

    • Tata Steel, ECB, China’s car market and European Corporate Tax in Our News for Today 05/24/2013
    • Pandora: the charm might fade away
    • Japanese Market, Indian Rupee, China’s Stocks and Oil Prices in Our Daily Round-Up for 05/23/2013

    Markets Map

    Markets Map

    Follow Us

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS
    S&P 500: 1649.60 -0.06% FTSE: 6654.34 -0.64% Nikk.: 14612.45 0.88% DAX: 8305.32 -0.56% HSI: 22618.67 -0.23% FX: EUR/GBP: 1.1694 USD/EUR: 1.2935 JPY/USD: 101.175 Commodities: Gold: 1386.60

    Bullfax.com - Market News & Analysis 2008-2011
    Contact Us | About Us | Terms & Conditions

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS .

    Secondary menu

    • Latest News
    • Top Rated
    • Most Popular
    • Archive
    • Discussions