Chairman, President and Chief Executive Officer
François-Xavier Souvay is the founder and the Chairman, President and Chief Executive Officer of Lumenpulse. In this capacity, he oversees global vision, corporate development and strategic planning, maintaining Lumenpulse’s reputation for innovation and customer experience excellence.
A seasoned entrepreneur, Mr. Souvay has over 20 years of experience in the lighting industry. By age 23, he was already contributing to large commercial real estate projects in Montreal, and soon was recruited by a specification-grade outdoor lighting company, where he established a network of agents and VARs in Canada and the United States. Leveraging this experience, he then acted as a consultant for various lighting companies across North America.
In 1999, he acquired Luxtec, a value-added reseller of diversified specification-grade lighting solutions, and was soon spearheading LED research and development. Focused on combining innovative technology expertise with strong industrial design, he founded Lumenpulse in 2006. The Company has since established itself as the leading pure-play specification-grade LED lighting solution provider.
Mr. Souvay holds numerous patents in his name and is a well-known thought leader in the LED lighting industry. In 2011, he was a Québec finalist for Ernst & Young’s “Entrepreneur of the Year”.
Director, Member of the Governance, Human Resources and Compensation Committee
Nicolas Bélanger is a businessman, entrepreneur and active investor. Since 2002, Nicolas Bélanger has managed Groupe W Inc., a privately held growth and buyout investment fund, which he co-founded with a business partner. Through Groupe W Inc., Mr. Bélanger has led over 30 investments and he is an active board member for many such investments.
In 1995, he co-founded DTI Software. Under his guidance as President, DTI became a leader in the in-flight entertainment industry, serving over 105 international airline customers and was successfully sold to a publicly-traded German group in January 2008. In 2007, DTI was ranked in the Deloitte “Technology Fast 50”, recognizing the 50 fastest growing tech companies with the highest percentage revenue growth over five years.
Mr. Bélanger launched W2 in 2011 and W3 in 2013. These two additional venture capital funds were set up to provide sidecar investments in partnership with a large Québec-based institutional investment fund. The W group has invested in companies including Streamtheworld, Lumenpulse, Distech Controls, iBwave, Audiokinetic, Orckestra, PasswordBox and COLO-D. In 2007, Ernst & Young named him “Entrepreneur of the Year”. Mr. Bélanger is also a founder and board member of the not-for-profit organization La Fondation Noel Printemps, a non-profit organization benefiting low-income families with sick children.
Director, Member of the Governance, Human Resources and Compensation Committee
Alexandre Taillefer is the Managing Partner at XPND Capital, a growth capital fund, his most recent venture. He is the co-founder and former CEO of Stingray Digital, a media company based in Montreal, Québec that owns and operates Galaxie, the leading broadcast radio stations available on TV in Canada, as well as The Karaoke Channel, the largest karaoke company in North America and Europe, and Stingray360 (formerly Chum Satellite Services), the leading commercial music provider in Canada. An entrepreneur in the software and media industry, he is the founder of Nurun a company he sold to Québecor in 1996, as well as the founder of Hexacto, a wireless gaming company, now owned by EA Mobile.
Director, Chairman of the Governance, Human Resources and Compensation Committee
François Côté has been Chair of TELUS Ventures, a global investment fund, since 2014, after holding the positions of Executive Vice President of TELUS Corporation and Vice Chair, TELUS Québec, TELUS Health and TELUS Ventures. Formerly President and CEO at Emergis Inc., a publicly-traded company, Mr. Côté was appointed President, TELUS Health Solutions, following TELUS’ acquisition of Emergis in January 2008. Mr. Côté held the position of President of TELUS Québec before being named Executive Vice President of TELUS and Vice Chair of TELUS Québec, TELUS Health and TELUS Ventures in 2012.
Mr. Côté also held a variety of management positions during a 17-year career at Bell Canada, after which he spent two years working in the health sector. Mr. Côté holds a Bachelor’s degree in Industrial Relations from Laval University. In 2007, Ernst & Young named him “Entrepreneur of the Year” in the category of Turnaround Entrepreneur for Québec. In 2013, the Canadian Forces named him Honorary Lieutenant-Colonel of the 34th Signal Regiment. Mr. Côté serves on the board of Corporation Roche. He is a member of the Board of Directors of the Fondation Martin Matte and Alithya, and Vice-Chair of the Board of Directors of La Fondation du Dr. Julien. He is also Vice Chair of the TELUS Fund, an independent organization established to finance the creation of health and wellness content.
Director, Chairman of the Audit Committee
Pierre Fitzgibbon was the President and Chief Executive Officer of Atrium Innovations from June 2007 to July 2014. Atrium Innovations is a leader in the development, manufacturing and marketing of added-value products for the health and nutrition industry. Prior to that, Mr. Fitzgibbon joined the National Bank Group in January 2002 first as a Vice Chairman of National Bank Financial Inc., bringing a range of expertise including Corporate Direction and Finance, Mergers & Acquisitions and Strategic Planning in various industries. Then in July 2005, he held the position of Senior Vice President, Finance, Technology and Corporate Affairs at National Bank of Canada.
Prior to joining National Bank Financial, Mr. Fitzgibbon, through an Asian Private Equity Fund that he managed with Telesystem International Group, held the position of President and Managing Director of New World Mobility, an innovative wireless communication solution provider in Hong Kong. Earlier in his career, he held executive positions with Domtar, Peerless Carpet Corporation and PricewaterhouseCoopers LLP.
Mr. Fitzgibbon holds a bachelor’s degree in business administration from the École des hautes études commerciales of Montreal (affiliated with Université de Montréal) (HEC Montreal), passed his chartered accountant (CA) exam in 1978 and holds a certificate in general management from Harvard Business School.
Lead Director, Member of the Audit Committee
Pierre Larochelle is President and Chief Executive Officer of Power Energy Corporation, a subsidiary of Power Corporation of Canada. He joined Power Corporation of Canada in March 2009 as Vice President, Investments. Prior to joining Power Corporation of Canada, Mr. Larochelle was President and Chief Executive Officer at Adaltis Inc, a position he held between November 2003 and February 2009. Previously, he also held the positions of Vice President, Business Development, at Picchio Pharma Inc. and Vice President, Mergers and Acquisitions for Credit Suisse First Boston in London, England.
Mr. Larochelle started his career as a lawyer at the Montreal offices of Ogilvy Renault. Mr. Larochelle holds a law degree from Université de Montreal, a master’s degree in international business law from McGill University and an MBA degree from INSEAD in Fontainebleau, France. He sits on the Boards of Directors of Sagard Capital, Sagard SAS, Bellus Health, Power Energy Corporation, Potentia Solar Inc. and Eagle Creek Renewable Energy, LLC.
Director, Member of the Audit Committee
Michel Ringuet is the Chief Executive Officer of Master Group Inc., the leader in the distribution of HVAC/R (heating, ventilation, air conditioning and refrigeration) equipment in Eastern Canada, and a recipient of Deloitte’s best managed companies for 5 consecutive years. He has been serving in such capacity since 2006. Previously, he served as VP of Finance and Administration from 1990 to 2006.
Prior to joining Master Group, where he is particularly active in corporate development and strategic investments, Mr. Ringuet worked in various departments of finance and investment at National Bank of Canada and Bank of Montreal. In addition to his involvement as a private investor with different companies, he is also a member of the investment committees of the following funds: Cycle Capital, a venture capital fund that invests in clean technologies; XPND Capital, a Montreal-based growth capital fund focusing on companies in the media, entertainment and technology sectors; and BDG-Appalaches, which includes European and Canadian investors targeting the SME market in traditional sectors.
Mr. Ringuet holds a Bachelor’s Degree in Administration from Université Laval and an MBA from McGill University. He is also President of the Governor’s Council of Fondation Tel-Jeunes, a non-profit organization dedicated to supporting young people in Québec.