Fairstone Financial Inc. Announces Appointment of Patricia Curadeau-Grou as Chairperson of the Board


December 4, 2018, Montreal, Quebec - Fairstone Financial Inc. (“Fairstone”), a privately-held consumer financing company, announced today the appointment of Ms. Patricia Curadeau-Grou as Chairperson of the Board of Directors (“the Board”).

 

Ms. Curadeau-Grou brings over 25 years of extensive banking knowledge, specifically in the areas of business development, corporate planning and credit and risk management to the Board. Over the course of her career, she has held a number of senior positions at National Bank of Canada including: Chief Financial Officer, Executive Vice President, Finance, Risk and Treasury; and Strategic Advisor to the President and Chief Executive Officer.

 

Currently, Ms. Curadeau-Grou serves as a Director for Cogeco Communications, Pomerleau, and the Caisse de dépôt et placement du Québec as well as Director of a number of non-profit corporations. In 2007, she became a member of the Women’s Executive Network Hall of Fame for Canada’s most powerful women.

 

“I am pleased to join a deeply-experienced team with extensive knowledge of the financial services industry,” said Ms. Curadeau-Grou. “Fairstone is the Canadian leader in responsible lending solutions for an underserved borrower market. The Company continues to undergo rapid growth and I look forward to contributing my experience in the industry to help Fairstone achieve new growth milestones.”

 

Ms. Curadeau-Grou has served as an independent member of Fairstone’s Board of Directors since 2017, alongside Mr. Alain Dugal and Ms. Marie Giguère, who both joined in 2018.

 

Mr. Dugal held a successful 35-year career with PwC, where he provided finance and audit counsel. He was the managing partner of PwC’s audit and assurance services in Quebec and a member of PwC Canada’s audit and leadership team and Partnership Board.

 

Ms. Giguère brings extensive experience in corporate governance having served in executive leadership roles including Executive Vice President, Legal Affairs and Secretariat of the Caisse de dépôt et placement du Québec, Senior Vice President, Institutional Affairs and General Secretary of the Montreal Exchange, and Senior Vice President, Chief Legal Officer and General Secretary of Molson Inc.

 

Fairstone Financial Inc. is privately-held by an investment group led by J.C. Flowers & Co. LLC and Värde Partners.

 

About Fairstone Financial Inc.

Fairstone is Canada’s leading non-bank provider of responsible lending solutions for near-prime and non-prime borrowers. With roots in Canada since 1923 and approximately 230 branches coast to coast, Fairstone provides personal loans and home equity loans designed to suit today’s borrowing needs. Fairstone also partners with a wide network of businesses to deliver flexible retail purchase and automotive financing programs. More at fairstone.ca.

 

Contact:
Fiona Story
Vice-President, Corporate Communications
fiona.story@fairstone.ca
514-394-2400 #6306031