Michael Sabia will remain president and CEO of the Caisse de Depot et Placement du Quebec, Montreal, through 2019.
Mr. Sabia's contract was renewed for five years effective March 13, 2014. He was first appointed as president and CEO in 2009 under a five-year contract, said Maxime Chagnon, Caisse spokesman.
His reappointment was unanimously recommended by the board of the Caisse, which oversees C$185.9 billion (US$178.9 billion) in assets, and ratified by the Quebec Cabinet.
