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Board of Directors

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Photo Jacques Foisy Photo Jacques Foisy
Jacques Foisy

President and Managing Partner, Novacap

Jacques started his career with KPMG in Montreal and later joined the Olympia Group, a meat processing company where he worked for more than 12 years. His involvement in numerous mergers and acquisitions helped the company become the largest hog processing business in Canada, known today as Olymel-Flamingo. He joined Novacap in 1994. Member of the board of directors of The Master Group, Jacques is also currently a director of Octasic Inc., Royal Mat Inc., Knowlton Development Corporation Inc., Multibar Group Inc., Metro Supply Chain Group Inc., Nautilus Development Corporation Inc., Enviro‐Viridis Development Corporation Inc., LPDC Holding Corporation Inc. (Smyth), IPL Inc., Idaho Pacific Holding Inc. Storage Systems Holding Corp (Pipp), and Bentley Leathers Development Corporation Inc. He has also received the Arista Award for personal achievement in business.

Photo Alain Fournier Photo Alain Fournier
Alain Fournier

Senior Vice-President, Business Development

Determination and enthusiasm

Alain Fournier’s career at Master Group spans close to 25 years. After starting out as a sales representative in one of the company’s branches, he rose through the ranks to become sales manager in 1993. He became a shareholder in 1999 and was promoted to the position of executive vice-president in 2009. Persistence, leadership and team spirit are among the assets that have contributed to the company’s growth and influence.

Determined and enthusiastic, Alain Fournier was named Executive Vice-President in January 2009.

Photo Neil McDougall Photo Neil McDougall
Neil McDougall


Neil McDougall has had an illustrious career operating at the highest levels in multiple industries. After earning his business administration degree in England in 1996, he accumulated extensive experience in the diesel engine industry over the next ten years to then join Caterpillar Inc. in Geneva, where he oversaw regional sales and marketing operations for Europe, Africa, and the Middle East. He continues his rise within the company through various management positions, up to his appointment as Director, Global Retail Sales and Marketing. His impressive career at Caterpillar delivered many achievements. In 2016, Neil joins Johnson Controls and applies his strategic approach and experience from 27 years with Caterpillar to a new and different industry. He took the helm of the Master Group as president in June 2019.

Photo Marc Paiement Photo Marc Paiement
Marc Paiement

General Partner, Novacap

Marc started his career as an entrepreneur founding one of the largest office supplies distribution company in Québec which he sold in 1994 to join Novacap thereafter. In 2001, Marc left Novacap to become the owner-operator of Multiple Awnings, Canada’s largest and fastest growing manufacturer of awnings and exterior products which benefited from 600% growth in sales during Marc’s tenure. Following the successful sale of Multiple Awnings in December 2011, Marc went back to Novacap in April 2012. In addition to his investment experience with Novacap, Marc has hands on experience in manufacturing, distribution, retail, import-export and services. He is and has been active on numerous boards of directors of private companies and entrepreneur associations including ICE (USA), SNOC, Cuisines Experts , YEO (Young Entrepreneur’s Organization), Fonds Régional de Solidarité and Société d’Investissements Jeunesse. He lived, studied and worked for many years in Ontario prior to joining Novacap. He has completed a bachelor of laws (cum laude) and his Québec bar certification at the University of Ottawa. He has also earned an MBA from the University of Western Ontario (Richard Ivey School of Business) and participated in the master’s degree in international commerce program at Université Catholique de Louvain in Belgium.

Photo Michel Ringuet Photo Michel Ringuet
Michel Ringuet

Financial expertise and a talent for business

Since 2006, Michel Ringuet is CEO of Master Group Inc., a leader in the distribution of HVAC/R equipment in eastern Canada. Prior to this, he held the position of VP Finance and Administration from 1990 to 2006. Under his leadership, the company maintained an exceptionally high growth rate for 25 years and has been designated by Deloitte, CIBC and The Globe & Mail as one of Canada’s Best Managed Companies consecutively over the last four years. Following these achievements, Master drew the attention of Novacap, an investment fund who recently became a strategic partner and shareholder.

Prior to joining the Master Group where he is particularly active in corporate development and strategic investments, Mr. Ringuet worked in various finance and investment departments at the National Bank of Canada and BMO.

Mr. Ringuet holds a bachelor’s degree in administration from Université Laval and an MBA from McGill University. He sits on the board of directors and audit committee of Lumenpulse Inc. (TSX: LMP) a public company active in the architectural LED lighting industry in addition to chairing the Fondation Tel-Jeunes, a charity that has been supporting Quebec’s youth for over 25 years.

Photo Jean-François Routhier Photo Jean-François Routhier
Jean-François Routhier

Senior Vice-President, Operations and Supply Chain

Business and entrepreneurship acumen

Jean-François is a versatile young man with extraordinary experience in the business community. Over the course of his career, he has developed leading-edge expertise in the areas of operations, finance, project management, business development and in mergers and acquisitions, with more than 30 transactions to his credit, both in Canada and in the United States. His work ethic, strong team spirit, dedication, passion and interpersonal skills saw him be promoted several times during his 12 years at Novacap ultimately reaching the position of principal before joining Master in 2017.

Photo Louis St-Laurent Photo Louis St-Laurent
Louis St-Laurent

Chief Executive Officer

Business acumen and management flair

Louis St-Laurent has been president of the Master Group since 2006. A graduate of Concordia University, he quickly set himself apart from his peers with his superior interpersonal skills and innate business sense. After gaining experience as a sales representative at Kraft, he was hired in 1984 as Sales Manager of Master’s Kelko division. With the company’s rapid expansion, he was promoted to the position of Vice-President, Marketing in August 1990. He became a shareholder a year later.

Louis St-Laurent is a natural leader and a remarkable executive who is deeply respected within the industry.