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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 Strategic & National Accounts

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 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

Michel Ringuet has a B.A. from the University of Laval and MBA from McGill University. After his university studies, he was hired by the finance department of the National Bank of Canada. In 1990, he joined The Master Group as Vice-President Finance and Administration. He is appointed Chief Executive Officer in 2006, a position he will hold until his departure in 2016. 

In addition to being involved with various companies as a private investor, Michel Ringuet is Governor of the Tel-Jeunes Foundation, a member of several investment fund committees in addition to sitting on the board of directors of Master as well as Lumenpulse Group inc, Colo-D inc, Earth Alive Clean Technologies and Compagnie Électrique Lion.

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

Senior Partner, Novacap

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

A true leader, Louis St-Laurent is a respected businessman throughout the Canadian HVAC-R landscape. 

A graduate of Concordia University, Louis quickly set himself apart from his peers from the moment he entered the industry with his interpersonal skills, his flair and his business sense. He joined the Master Group team in 1984 as Sales Manager, as the company began a new chapter in its history. This growth, coupled with his innate sales sense, led him to the position of Vice-President of Marketing in August 1990. 

Less than a year later, Louis became a shareholder in the Master Group. His rise continued and his leadership led him to the helm of the company as President in 2006. As of January 2017, he was also given the role of Chief Executive Officer.

Under his presidency, Master began the most important period of growth in its history. A dazzling growth that propelled the company to the status of a national player. Dominant in the eastern markets of the country, the company then began its progression towards the Ontario markets and continued its conquest of the western territories. Today, Master has over 1,000 employees serving the industry through a network of 50 branches from coast to coast, and is proudly listed as a Platinum Club member of Canada's Best Managed Companies, an award recognizing excellence in Canadian private companies.

With a career spanning nearly 40 years within the company, and always driven by the entrepreneurial spirit and his desire to see Master stand out on the North American stage, Louis St-Laurent continues to contribute to Master's success and influence as Chief Executive Officer.