Power Financial Corporation—parent of Investors Group, Investment Planning Counsel, Mackenzie Financial, Great-West Life, London Life, and Canada Life—has announced Philip Ryan will step down as executive vice-president and CFO.

The company has announced the appointment of Gregory Tretiak as his successor in both roles. Tretiak has been with IGM Financial for 24 years and has been that division’s executive vice-president and CFO since 1999.

These changes are expected to take place immediately after the respective annual general meeting of shareholders in May of 2012.