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Launch of electoral process to choose Desjardins Group's president

MONTREAL , Nov. 27, 2019 /CNW Telbec/ - On November 26, 2019 , Guy Cormier confirmed that he will run for a second term as Desjardins Group president, as allowed under the organization's bylaws. He submitted a notice of intent to the Desjardins election committee, signalling his desire to extend his mandate and pursue the guiding principles for the next 4-year term of office adopted by the Board of Directors last November. The receipt of this notice confirms Guy Cormier's nomination as a candidate. 

The nomination period for other candidates will run from December 3 to 13 . On December 13 , the election committee will either release the names of those candidates or, if there are no other nominations, announce that Guy Cormier has been re-elected by acclamation. If there is an election, the election period will run from January 27 to March 13, 2020 , and the electoral college will vote on March 14.

If you have any questions about the electoral process or the availability of nomination forms, contact the Elections Office at elections.fcdq@desjardins.com or 1-866-866-7000, ext. 5557325.

About Desjardins Group

Desjardins Group is the leading cooperative financial group in Canada and the fifth largest in the world, with assets of $312.7 billion . It has been rated one of Canada's Top 100 Employers by Mediacorp. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada . Ranked among the World's Strongest Banks according to The Banker magazine, Desjardins has one of the highest capital ratios and credit ratings in the industry.

SOURCE Desjardins Group

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