Toronto (August 21, 2015) – PortsToronto today announced that Robert Poirier has been elected Chair of the PortsToronto Board of Directors effective August 20, 2015. Mr. Poirier is an active member of the PortsToronto Board and has served on the Audit and Finance Committee and the Governance, Nominating and Human Resources Committee.
Mr. Poirier succeeds Mark McQueen, who has served as a Director since August 2007. Mr. McQueen announced last year that he would step down as Chair, and from the Board, in 2015 following his June 2014 appointment as Chair of the Board of the Windsor-Detroit Bridge Authority. Mr. McQueen was the longest-serving Chairman of PortsToronto and its predecessor agencies since the 1950s.
In addition to serving as Chair of the Board for PortsToronto, Mr. Poirier is the Managing Director, Alternative Investments Servicing at State Street, a leading provider of financial services to institutional investors worldwide. Mr. Poirier has also served in senior positions with some of Canada's largest firms and as a senior advisor to members of the Senate Committee on Banking, Trade and Commerce from 1992 until 1999 where he was involved in the abolition of Canada’s foreign property rule, governance practices of institutional investors and the evolution of some of Canada’s largest public sector plans.
PortsToronto is a self-funded Government Business Enterprise, accountable to the Federal Government through Transport Canada. It is guided by a Board of Directors composed of individuals appointed by all levels of government – Municipal, Provincial and Federal. The City of Toronto and the Province of Ontario have a direct governance relationship with PortsToronto via their appointees to the PortsToronto Board of Directors. All individuals nominated by the Minister of Transport are appointed by the Governor in Council. For more information on the Board of Directors and Governance structure at PortsToronto please visit www.portstoronto.com
For more than 100 years PortsToronto, (the Toronto Port Authority), has worked with its partners at the federal, provincial and municipal levels to enhance the economic growth of Canada, the City of Toronto and the Greater Toronto Area. PortsToronto owns and operates Billy Bishop Toronto City Airport, which welcomes more than two million passengers each year; the Outer Harbour Marina, one of Canada's largest freshwater marinas; and, Terminals 51 and 52, which provide transportation, distribution, storage and container services to businesses at the Port of Toronto. PortsToronto is committed to fostering strong, healthy and sustainable communities and has invested more than $6.7 million since 2009 in charitable initiatives and environmental programs that benefit communities along Toronto's waterfront and beyond.
– 30 –
Erin Mikaluk, Senior Manager, Communications & Media Relations, PortsToronto