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Montréal Exchange Inc. (MX) (TSX: MXX) announced today the appointment of Mr. Stéphane Bilodeau as Chief Operating Officer (COO) effective December 1, 2007. He comes to the MX from the international information technology services firm, DMR Consulting, a Fujitsu company, where he has been a senior executive responsible for general management, corporate strategy and business development.
“We are delighted to welcome Stéphane as a key member of the executive team, as we pursue the development of the Canadian derivatives market and of MX,” said Luc Bertrand, President and Chief Executive Officer of the Montréal Exchange. “He will lead the management of MX operations drawing on his wellrounded experience in the information technology business, team building and executive management of an international corporation.”
Mr. Bilodeau will replace the current COO, Philippe Loumeau, who previously announced his departure from MX, after seven years of service.
“We are focused on ensuring a smooth leadership transition,” Mr. Bertrand added. “Philippe has played a core leadership role in the rapid growth and development of the MX since 2000. He will work closely with Stéphane and our executive team to ensure continuity of management and of the excellent performance of our employee team.”
As announced July 25, Alain Miquelon assumed the strategic management responsibilities of Mr. Loumeau effective August 6 and will become the MX Chief Financial Officer, replacing Louise Laflamme, effective October 1, 2007. Ms. Laflamme remains with the Exchange, to support the President and CEO, until her planned retirement in June 2008.
