The STM is awarded gold in the La relève en place 2011 competition

Press release

Montréal, June 13, 2011   On June 8 the STM received the gold award in the La relève en place 2011 competition, organized by the Forum jeunesse de l’île de Montréal (FJÎM) and the Conférence régionale des élus de Montréal, for the creation of a seat on its board of directors specifically dedicated to a “young” client aged between 18 and 35. This initiative required a legislative change. The FÎJM specified that, in addition to this new post, the board of directors consists of two other young people under 35 who were named from among the elected officials on the island of Montrèal. These are Monica Ricourt, borough councillor – Ovide-Clermont district, Borough of Montréal-Nord, and Francesco Miele, Montréal City Councillor – Côte de Liesse district, Borough of Saint-Laurent. These young people are participating in the discussions, strategic orientations and decisions of the 14th largest company in Québec and manage a budget of $1.1 billion and assets with an estimated value of $14.5 billion.

The FJÎM also highlighted the fact that the young members of the board of directors were able to familiarize themselves with the company and with the duties attached to their function thanks to an efficient integration process. The FJÎM was won over by the fact that members of the management committee and former members of the board are mentoring these young leaders on an ongoing basis and listening to what they have to say.

According to Mr. Michel Labrecque, Chairman of the Board of Directors, “young people are one of our priority clientele. They use public transit regularly, and our challenge is to build their loyalty. This is why it is crucial for us that they participate in discussions and share their views on the strategic orientations and decisions made by the company. I am convinced that the contributions made by Monica Ricourt, Claudia Lacroix Perron and Francesco Miele to our board of directors will be extremely beneficial for young people and public transit and will advance a Society in Motion.”

It should be noted that the La relève en place 2011 awards recognize Montréal organizations and companies that include young people aged 16 to 35 at the board level or at decision-making levels. They were initiated to increase the number of organizations that value the contributions of young people and make a place for them on their boards of directors. As well, La relève en place 2011 awards aim to make organizations, companies and the population aware of the importance of succession for Montréal.

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