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Desjardins announces restructuring following privacy breach review

By Kate McCaffery | December 04 2019 10:01AM

Desjardins Group has announced that it is parting ways with two of its senior executives and making major changes to the organization’s structure in response to an internal review of the June 20, 2019 privacy breach which ultimately affected more than 4.2-million individual caisse members who used Desjardins banking services in Quebec and Ontario.

Former chief operating officer and senior executive vice president, Denis Berthiaume and former executive vice president of information technology, Chadi Habib have both left the company, effective immediately, the company said in a statement released Tuesday afternoon. “Desjardins has come to mutual agreement with both Mr. Berthiaume and Mr. Habib to end their respective working relationships and Desjardins Group will move forward with new leadership.”

Berthiaume and Habib’s roles are both being assumed by former executive vice president of finance, Réal Bellemare. One of Bellemare’s primary responsibilities will be to form the Desjardins Group Security Office that will coordinate organizational initiatives and cross-sector security strategies, and implement an industry-standard security reporting process. The company says Bellemare will work with a team of experts to ensure that the organization’s initiatives are in line with market best practices.

To replace Bellemare in his old role, Alain Leprohon has been appointed executive vice president of finance, treasury and administration, and chief financial officer. The organization says it will begin the search for Habib’s permanent replacement shortly.

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