Robert Tessier was named chairman of the board of directors of the Caisse de Depot et Placement du Quebec, Montreal, confirmed a spokeswoman at the C$120.1 billion (US$93.2 billion) fund.
He replaces Pierre Brunet, who left the board, the spokeswoman said. She declined to provide details.
Mr. Tessier is chairman of the board at Gaz Metro, a natural gas distributor in Quebec, and will continue in that position.
The fund announced Feb. 25 that it lost US$31.7 billion, or 25%, on investments for the year ended Dec. 31.