The Globe and Mail reports in its Friday, Feb. 20, that Scotia Capital analyst Phil Hardie anticipates a seamless transition at Power Corp. of Canada as James O'Sullivan takes over as the new president and chief executive officer this July, succeeding Jeff Orr. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Hardie says in a note: "The move is not entirely surprising given Mr. Orr's 25-year tenure in leadership roles across the Power group, with many investors viewing Mr. O'Sullivan as a natural successor given his leadership experience as CEO of IGM Financial and tenure at Scotiabank prior to that role. We think the transition is occurring at a time of strength across the Power group of companies and see little risk of disruption as Power Corp. remains focused on maintaining the group's strong momentum and executing its value creation strategy. Our investment thesis related to Power remains intact with 'all systems go' and the stock delivering significant alpha generation to investors through a combination of NAV-per-share growth, a tightened discount rate and dividend income." Mr. O'Sullivan gave his share target a $2 boost to $78, while maintaining his "sector outperform" recommendation.