Industrial-Alliance boss to resign next year

Article Abstract:

Industrial-Alliance Life Insurance Co. of Sillery, Quebec, has named vice-president Yvan Charest to succeed Raymond Garneau as president, effective Mar. 29, 1999. Garneau, the company's chairman, president and CEO, is planning to step down as CEO at the company's annual meeting in the year 2000. Garneau will remain as chairman of Industrial-Alliance. The company posted profits of C$70 million and assets of C$12 billion in 1998.

Industrial-Alliance Life Insurance Co.

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Sun Life appoints new head of Canadian operations

Article Abstract:

Toronto, Ontario-based mutual life insurer Sun Life Assurance Company of Canada has announced the appointment of Marcel Gringas as the new head of its Canadian operations. Gringas will replace Lee Wathchorn as senior vice-president and general manager for Canada. Watchorn will shift to head office as senior vice-president for strategic development.

Sun Life Assurance Company of Canada

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Nortel boss reaped bonanza

Article Abstract:

John Roth, the chief executive officer of Nortel Networks Corp., earned approximately US$100 million for the 2000 year. Almost US$88 million of it came from stock options.

Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Management development, Compensation and benefits, Telecommunications equipment industry, Telecommunications systems, Nortel Networks Corp., NT, Roth, John

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