Candidate for mayor, Denis Coderre leaves Eurostar and Stingray

Now that he is back in the municipal arena, Denis Coderre has resigned from a mandate given to him by the Caisse de dépôt et placement du Québec en Europe.

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In November 2018, the Caisse appointed Mr. Coderre to the board of directors of Eurostar, which operates high-speed trains connecting London to Paris, Brussels and Amsterdam. La Caisse has held a 30% stake in Eurostar since 2015.

“Mr. Coderre has resigned from this post in recent days,” said yesterday to the Journal a spokesperson for the Fund, Maxime Chagnon.

It was Eurostar that paid Denis Coderre for this function. The Caisse de dépôt did not want to disclose the remuneration paid to it. Neither Mr. Coderre nor Eurostar replied to the Journal yesterday.

While mayor of Montreal, Denis Coderre put all his political weight behind the Réseau express métropolitain (REM) project of CDPQ Infra, a subsidiary of the Caisse.

On Sunday, in an interview with the program Tout le monde en parle on ICI Radio-Canada Télé, the former federal minister supported CDPQ Infra’s plan to build the future Eastern REM in air mode. For her part, Mayor Valérie Plante criticized the idea of ​​erecting aerial structures in the city, seeing the risk of “creating a scar”.

Stingray and Jewish Hospital

In addition, Mr. Coderre is preparing to step down from his post of special advisor to strategy and international development for the music distribution company Stingray, which he has held since March 2018.

“His contract with Stingray ended today” (yesterday), said a spokesperson for the Quebec company, Mathieu Péloquin.

Finally, the Jewish General Hospital Foundation told the Journal that Denis Coderre’s last day as “ambassador” for the organization was Friday.

“We wish him and all the mayoral candidates the best of luck,” said Cora MacDonald, spokesperson for the Foundation.

According to his LinkedIn page, Mr. Coderre is also a special advisor on urban mobility for the International Automobile Federation (FIA).


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