MONTREAL — Former Cinar Corp. topper Micheline Charest has been hired by Montreal’s Just for Laughs Group a week after being fined C$1 million ($631,000) following an investigation into allegations of financial irregularities at TV producer and distributor Cinar.
Charest was fired from the company two years ago when it was disclosed that Cinar had invested $122 million in offshore accounts without board approval. Company’s stock has been delisted from the Toronto and Nasdaq stock exchanges.
Along with the fine from the Quebec Securities Commission, Charest and former Cinar co-CEO Ronald Weinberg were banned from exec positions at any publicly traded Canadian company for five years. Just for Laughs is a private company.
Charest’s job “will consist mostly in developing new international business for the group,” per a news release from the organization.
Just for Laughs, run by Gilbert Rozon, operates Montreal’s comedy fest of the same name, which will celebrate its 20th anniversary in July.
Rozon’s company also manages artists and has offices in Los Angeles, Paris and Montreal. Rozon’s joint venture with Willie Mercer, Rozon Mercer Management, manages a stable of comics and actors, including Elisha Cuthbert (“24”) and Jay Baruchel (“Undeclared”).