Francois Desjardins - Laurentian Bank CEO

LB Stock  CAD 27.11  0.11  0.40%   

CEO

Mr. Francois Desjardins serves as President, Chief Executive Officer, Director of Laurentian Bank of Canada. He is a Member of the Executive Committee since 2007 and with the Bank since 1991, Mr. Desjardins holds a Bachelors degree in Business Administration. He has held several positions with Retail Services and B2B Bank throughout his career. As President and Chief Executive Officer of B2B Bank, Mr. Desjardins was responsible for financial services offered through independent financial advisors and mortgage brokers throughout Canada. As Executive VicePresident, Retail Services, he was responsible for the Retail Services sector. He was named Chief Operating Officer of the Bank on February 28, 2015 and became President and Chief Executive Officer on November 1, 2015. since 2015.
Age 48
Tenure 9 years
Address 1360 RenE-LEvesque Blvd West, Montreal, QC, Canada, H3G 0E5
Phone800 522 1846
Webhttps://www.laurentianbank.ca
Desjardins holds a Bachelor’s degree in Business Administration. He has held several positions with Retail Services and B2B Bank throughout his career. As President and Chief Executive Officer of B2B Bank, Mr. Desjardins was responsible for financial services offered through independent financial advisors and mortgage brokers throughout Canada. As Executive VicePresident, Retail Services, he was responsible for the Retail Services sector. He was named Chief Operating Officer of the Bank on February 28, 2015 and became President and Chief Executive Officer on November 1, 2015.

Laurentian Bank Management Efficiency

At this time, Laurentian Bank's Return On Tangible Assets are very stable compared to the past year. As of the 23rd of May 2024, Return On Assets is likely to grow to 0, while Return On Capital Employed is likely to drop 0. At this time, Laurentian Bank's Total Current Assets are very stable compared to the past year. As of the 23rd of May 2024, Return On Tangible Assets is likely to grow to 0, while Total Assets are likely to drop about 31.1 B. Laurentian Bank's management efficiency ratios could be used to measure how well Laurentian Bank manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 15.04 B in total debt with debt to equity ratio (D/E) of 3.77, implying the company greatly relies on financing operations through barrowing. Debt can assist Laurentian Bank until it has trouble settling it off, either with new capital or with free cash flow. So, Laurentian Bank's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Laurentian Bank sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Laurentian to invest in growth at high rates of return. When we think about Laurentian Bank's use of debt, we should always consider it together with cash and equity.

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Laurentian Bank of Canada, together with its subsidiaries, provides various banking services to individuals, small and medium-sized enterprises, and institutional customers in Canada and the United States. Laurentian Bank of Canada was founded in 1846 and is headquartered in Montral, Canada. LAURENTIAN BANK operates under BanksRegional classification in Canada and is traded on Toronto Stock Exchange. It employs 2900 people. Laurentian Bank (LB) is traded on Toronto Exchange in Canada and employs 3,000 people. Laurentian Bank is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Laurentian Bank Leadership Team

Elected by the shareholders, the Laurentian Bank's board of directors comprises two types of representatives: Laurentian Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Laurentian. The board's role is to monitor Laurentian Bank's management team and ensure that shareholders' interests are well served. Laurentian Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Laurentian Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sebastien Belair, Executive COO
Sonia Baxendale, Independent Director
Michelle Savoy, Independent Director
Adam Swinemar, Senior Banking
Kelsey Gunderson, Executive Vice President, Capital Markets and President and Chief Executive Officer of Laurentian Bank Securities
Susan Jenah, Independent Director
David Morris, Independent Director
Lise Bastarache, Independent Director
Rania Llewellyn, CEO Pres
Andrew Chornenky, Vice Relations
Merick Seguin, Senior Relations
Deborah Rose, Executive Vice President, Chief Operating Officer, Chief Information Officer
Thierry Langevin, Executive Banking
Michael Boychuk, Independent Director
Andr Lopresti, VP Accountant
Bindu Cudjoe, Chief Sec
Yves Denomme, Ex Operations
Sophie Boucher, Senior Enterprises
David Mowat, Independent Director
Michael Mueller, Independent Chairman of the Board
William Mason, Executive Vice President Chief Risk Officer
Francois Laurin, Chief Financial Officer, Executive Vice-President - Finance, Treasury, Capital Markets
Eric Provost, CEO President
Susan Cohen, Director Relations
Benoit Bertrand, Chief Officer
Francois Desjardins, President, Chief Executive Officer, Non-independent Director
Macha Pohu, Chief Officer
Andrea Bolger, Independent Director
CGA CPA, Executive CFO
Stephane Therrien, Executive Vice-President - Personal & Commercial Banking, Laurentian Bank and President and Chief Executive Officer - LBC Financial Services

Laurentian Stock Performance Indicators

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Please note, there is a significant difference between Laurentian Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Laurentian Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laurentian Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.