News release Press Release

Caisse de dépôt et placement du Québec announces departure of Susan Kudzman

Finance Montréal,

Montréal, May 11, 2010  - The Caisse de dépôt et placement du Québec today announced the departure of one of its senior managers after a long absence on sick leave.

Mrs. Susan Kudzman, who was Executive Vice-President and Chief Risk Officer, has decided not to resume her duties at the Caisse.

“After careful consideration, I have decided to pursue other professional opportunities,” said Mrs. Kudzman. "I remain very proud of actively participating in the development of the Caisse’s new risk management program and initiating its implementation with the team."

“I would like to acknowledge all the work done by Mrs. Kudzman during a tumultuous period for the Caisse," declared Michael Sabia, Caisse President and Chief Executive Officer. "On behalf of my colleagues and myself, I also wish to thank her for her contribution.”

The Caisse is recruiting globally for the position of Chief Risk Officer. The process will soon be finalized and an announcement could be made.

In the interim, Claude Bergeron, Executive Vice-President, Legal Affairs and Secretariat, will be Acting Chief Risk Officer.

The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. At December 31, 2009, it held $131.6 billion of net assets. As one of the leading institutional fund managers in Canada, the Caisse invests in the main financial markets as well as in private equity and real estate.
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