In a world where everything is in flux, Hugues Simon, President and CEO of Cascades, has found his anchor. It is neither a technology, nor a business model, nor even a strategy: it is values. That was the message he delivered on April 27 to members of the Canadian Club, in a speech that was at once personal, factual, and frankly political. Founded in 1964 in Kingsley Falls by brothers Bernard, Laurent, and Alain Lemaire, Cascades is now a key North American player in packaging and tissue products, with $5 billion in revenue, more than 9,000 employees, and 60 production sites in Canada and the United States.
Hugues Simon wasted no time in setting the stage—and calling things as he saw them. We are going through, he said, “a time of intense upheaval,” in which “geopolitical and economic instability are undermining our sense of stability, democracies are crumbling, and our longtime friends sometimes appear to pose a threat,” he stated, referring to the strained Canada-U.S. relations under the Trump administration. Not to mention the conflict in the Middle East, which is disrupting oil supplies and “impacting the cost of living” in many countries.
Added to this picture is the rise of artificial intelligence (AI). “According to a report by the United Nations Conference on Trade and Development, artificial intelligence could affect 40% of current jobs worldwide,” he said. He immediately put this projection into perspective with another reality: according to Gallup’s “State of the Global Workplace” study, conducted among 227,000 employees in 160 countries, “62% feel disengaged” from their work.
Seventeen percent even say they are “actively disengaged”—a phenomenon known as “quiet quitting.”
For him, the conclusion is clear: “We talk about AI and globalization, but we don’t talk about people.” He adds: “A company can have the best technology in the world… but if it doesn’t rally the people who drive it, it can’t move forward.”
It is in this context that Hugues Simon advocates for the primacy of corporate values. Drawing on management theorist Peter Drucker’s famous saying—“Culture eats strategy for lunch”—he argues that values “are what remain when everything else changes” and that they serve as “the compass that guides, reassures, and unifies.” He is quick to add, however: “Of course, having both is even better: a strong culture and values combined with a good strategy make an organization practically invincible.”
As the heir to the Lemaire legacy, the CEO acknowledges that, “before leading Cascades, I had never known an organization where corporate values were lived out so intensely.” These values aren’t just confined to posters on the walls: they’re the focus of training for all new managers and are celebrated each year at the Source Gala, where each of the 60 production units nominates an employee who embodies them.
Hugues Simon then outlines the four values that shape the organization’s day-to-day operations. The first, “Respectful by Nature,” gives him an opportunity to highlight Cascades’ environmental performance — the company uses 2.5 times less energy and emits 30% fewer greenhouse gases than the North American pulp and paper industry average — while also taking a firm and unequivocal stance on immigration.
At a time when foreign workers are often made convenient scapegoats in the public debate, he comes strongly to their defense: “Let us never forget that they are reliable and hardworking, and that without them, several essential sectors of our economy struggle to operate normally.” Cascades currently employs more than 350 foreign workers. “Some are quick to blame them for problems in our healthcare and education systems and with public finances — issues we were already facing long before they arrived,” he says.
At Cascades, respect for people is so important that the company has made it the theme of its recruitment campaign: “Respect Your Nature.”
The value “Stronger Together” is reflected in a concrete organizational decision: bringing together more than 500 employees in Saint-Hubert who had previously been spread across the South Shore. “In the summer of 2025, we also announced a mandatory return to the office, along with the consolidation of all South Shore employees under one roof.”
When it comes to transparency — embodied in the value “Speak the Truth” — Cascades operates on a simple belief: “Trust is built on transparency.” Employees in each business unit meet regularly to discuss performance and results. “We should never underestimate a person’s ability to make the right decisions when they understand the game plan,” he says.
In Kingsey Falls, where 1,500 employees work, Cascades has taken the idea even further with an original initiative called “True or False”: an anonymous rumor box that allows any employee to submit a question, with the answer subsequently published on the company intranet.
As for the fourth value, renamed “Better Every Day,” it underpins an operational excellence program structured around 90-day sprints and sits at the heart of a $100 million profitability improvement initiative. “Being better every day is not about striving for perfection. It is about striving for continuous progress,” the executive said.
Hugues Simon also used the opportunity to address governments directly. According to him, the geopolitical tensions of the past year have highlighted an obvious reality: “We will always have more in common with our Canadian neighbours than with our other trading partners.” Against this backdrop, he outlined five concrete priorities.
First, make education a genuine priority: attract the brightest minds, adapt training and education to the realities of today and tomorrow, and encourage the learning of multiple languages. Second, create the right conditions for businesses to succeed, particularly from a tax perspective, by encouraging investment and growth here at home.
He also called for prioritizing value creation “beyond simply creating jobs and investing in bricks and mortar” — an implicit criticism of industrial policies that focus too heavily on construction announcements.
This should be accompanied by simplifying regulations and reducing administrative duplication, which “create delays in decision-making and slow the growth of our economy.” Finally, he called for a comprehensive energy strategy to “maximize the natural advantages Canada possesses.”
His position on demographic issues was equally clear: “If Quebec and Canada want to maintain, or even improve, their standard of living, population decline is not a good idea.”
In closing, Cascades’ President and Chief Executive Officer summed up his vision in a few words: “In an unstable world, values remind us where we come from and show us where to go. And a company that knows who it is can take on major challenges.”
Hugues Simon
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Hugues Simon
A native of Saint-Paul-de-l’Île-aux-Noix in the Montérégie region, Hugues Simon has served as President and Chief Executive Officer of Cascades since June 2024. He holds a bachelor’s degree in business administration from the University of Sherbrooke. Before joining Cascades, Hugues spent more than thirty years in key roles within the industry, notably in finance, sales, production, and strategic planning. Having grown up on a farm in a modest family, he was instilled with strong values. He learned the importance of hard work and that every problem can be turned into an opportunity for innovation. True to these principles, Hugues values continuous improvement and places great importance on candor and transparency with his employees. Hugues is also driven by a desire to give back to the community, a commitment that reflects Cascades’ philosophy and values. That is why he has been actively contributing to the Charles-Bruneau Foundation for several years. On a personal level, he is an avid outdoor enthusiast: running, cycling, swimming, telemark skiing, and more. For him, sports are synonymous with balance: “An active life is a life where you perform better!” Biography 2026
This conference took place on April 27, 2026, at the Sheraton Montreal Center.
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