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LifeWorks

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Morneau Shepell is a human resources services and technology company[1] headquartered in Toronto, Ontario, Canada.[2] Established in 1966, Morneau Shepell serves approximately 20,000 clients, ranging from small businesses to large corporations and associations in North America. With approximately 4,000 employees, Morneau Shepell is the leading provider of employee and family assistance programs and it provides health and productivity, administrative, and retirement solutions to organizations across Canada, in the United States, and around the world.[3] Morneau Shepell is a publicly traded company on the Toronto Stock Exchange (TSX: MSI), with marketing capitalization of $1 billion.[4]

History

In 1966, Frank Morneau founded W. F. Morneau & Associates, an actuarial and benefit consulting firm.[5] The firm expanded to open its first U.S. office in 1987 and it launched its administrative outsourcing practice in 1996.[6]

W.F. Morneau & Associates merged with Sobeco in 1997 to establish Morneau Sobeco, led by Bill Morneau as president and chief executive officer.[7] Morneau Shepell, as it is known today, was formed in May 2008 through Morneau Sobeco’s acquisition of Shepell-fgi – Canada’s largest provider of employee health management and workplace training and education services – from Clairvest Group Inc. for $321.9 million.[8]

In the years since, Morneau Shepell has made a number of acquisitions, including SBC Systems Company Inc. (U.S. provider of employee benefits administration systems) in January 2012,[9] Mercer Canada’s pension and benefits outsourcing business in November 2012,[10] Ceridian’s U.S. health and welfare benefits administration business in August 2015,[11] Montreal-based Solareh (national health and wellness services provider that offers employee assistance programs) in December 2016[12] and Montreal-based Longpré (employee assistance and wellness program provider) in January 2017.[13]

Leadership 

In March 2017, Morneau Shepell announced Alan Torrie’s retirement from the company and Stephen Liptrap as his successor to the position of president and chief executive officer, effective May 5, 2017.[14]

References

  1. ^ "Morneau Shepell Ltd - Complete profile - Canadian Company Capabilities - Industries and Business - Industry Canada". www.ic.gc.ca. Retrieved 2017-03-23.
  2. ^ "Study examines connections between organizational change and health - OHS Canada Magazine". OHS Canada Magazine. 2017-01-31. Retrieved 2017-03-23.
  3. ^ "Morneau Shepell Ltd - Complete profile - Canadian Company Capabilities - Industries and Business - Industry Canada". www.ic.gc.ca. Retrieved 2017-03-23.
  4. ^ "The Globe and Mail - Stock Quote". The Globe and Mail. Retrieved 2017-03-23.
  5. ^ "A CEO, but not exactly a Bay Street guy: Bill Morneau's path to becoming Canada's finance minister". Financial Post. Retrieved 2017-03-23.
  6. ^ dmcgrath@hr.com (2017-03-23). "Morneau Shepell". www.hr.com. Retrieved 2017-03-23.
  7. ^ "Top Forty Under 40". The Globe and Mail. Retrieved 2017-03-23.
  8. ^ "Morneau Sobeco buys Toronto's Shepell-fgi | Toronto Star". thestar.com. Retrieved 2017-03-23.
  9. ^ "Morneau Shepell acquires U.S. benefits administrator". www.benefitscanada.com. Retrieved 2017-03-23.
  10. ^ "Morneau acquires Mercer's pension and benefits outsourcing business". www.benefitscanada.com. Retrieved 2017-03-23.
  11. ^ "Morneau Shepell completes acquisition of Ceridian division". www.benefitscanada.com. Retrieved 2017-03-23.
  12. ^ "Morneau Shepell acquires Montreal-based EAP provider". www.benefitscanada.com. Retrieved 2017-03-23.
  13. ^ "Morneau Shepell acquires another Montreal-based EAP provider". www.benefitscanada.com. Retrieved 2017-03-23.
  14. ^ Baert, Rick (2017-03-03). "Morneau Shepell getting new CEO". Pensions & Investments. Retrieved 2017-03-23.

Morneau Shepell corporate website

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