During his service, Labrecque spent time serving on a destroyer at Guantanamo Bay in 1960, in the Mediterranean and Baltic Sea during the building of the Berlin Wall, and also during the Cuban Missile Crisis where he headed a section of the Office of Naval Intelligence, marshaling ships in the blockade off Cuba.
During this stage point in the committee at the request of David Rockefeller (the Chief Executive during this period), Labrecque served to resolve the financial crisis at the time.
As part of the merger agreement, Labrecque agreed to relinquish his position to Chemical's Chairman and CEO, Walter V. Shipley and return to president and COO of the merged entities.
[2] During the rest of Labrecque's time, he was the key person from the bank who coped with Russia's loan default and he was also pivotal in negotiations to restructure the hedge fund, Long-Term Capital Management.
Afterward, he served as the Chairman of Chase's International Advisory Council, a Director of Pfizer and Delphi Automotive Systems, and on the Board of Trustees of the University of Notre Dame.