Paul PARÉ 1922-1996

1986 Economic Economic

Paul Paré was Chairman of the Board of lmasco Limited. He has spent several years of his career building lmasco, one of the largest enterprises in Canada. His remarkable leadership, his dynamic drive and his activity within the business world and various community organizations make him one of the most influential businessmen of his day.

Paul Paré was convinced that business and industrial leaders should participate in the debate on national issues. He has frequently spoken in favour of stronger involvement of the business community in the social and political world, thereby winning the respect and consideration of his peers. Also, his personal public contribution to the referendum issue of 1980 demonstrated eloquently his profound conviction that Quebec and Canada share common interests.

Leader of lmasco since its founding in 1969, Paul Pare is responsible in many ways for the remarkable success of the corporation. His achievements, during the diversification period of lmasco are particularly noteworthy. Starting from a tobacco base, lmasco has broadened its field to include retail drug outlets in Canada and in the United fates, and fast food outlets in the U.S. Recently, as further proof of its dynamic force, lmasco acquired Canada Trustca the largest trust company in the country.

Born in Montreal in 1922, Paul Paré studied at Loyola College and at McGill University, graduating with a Bachelor of Law degree. After serving in the Royal Canadian Navy during World War II, reaching the rank of Lieutenant-Commander, he was admitted to the Quebec Bar in 1949 and joined the firm of Slattery, Bélanger and Paré. He entered lhe legal department of Imperial Tobacco that same year. From 1950 to 1952, he was executive assistant to the Minister of National Defence, the Honourable Brooke Claxton.

In 1952, Paul Pare returned to the legal department of Imperial Tobacco. Three years later, he moved onto Canadian Tobacofina as President. In 1963, he once more returned to Imperial Tobacco, as Vice-President of Marketing. At this point in his career, he began his ascent to the top of the corporate ladder. Elected to the Board of Director of Imperial Tobacco in 1964, he became Executive Vice-President in 1966. He was made President of lmasco in 1969. In 1979, he was elected Chairman of the Board and Chief Executive Officer. He left the latter function in the spring of 1986 and remains Chairman of the Board.

Paul Paré was also a member of several boards of Canadian corporations, namely IBM Canada, The Canadian Fund, Ltd., The Canadian Investment Fund Ltd., Canadian Pacific Ltd., Liquid Carbonic Canada Ltd., the Royal Bank of Canada, The SNC Group, CIP Inc. and Telemedia Inc. His contribution also extends to several welfare organizations. He was a governor of St. Mary's Hospital of Montreal, of the Portage Program related to drug dependency, of tire Olympic Trust of Canada and of the Douglas Hospital Corporation. He was a member of the Advisory Board of the Palliative Care Centre of the Royal Victoria Hospital and an honorary member of the Canadian Association for Children's Surgery and of the foundation for l’Université du Quebec of Montreal. He was co-chairman of the “A city, call it proud" campaign, launched in 1983. In 1985, he was made an Officer of the Order of Canada.

Paul Paré married Audrey Drury in 1948. They have four children, Victor, Ronald, Jane and Cathy, and two grandchildren, Ian and Lucy.