TORONTO — Ehren Cory has been appointed the new CEO of the Canada Infrastructure Bank (CIB).
Cory is the former CEO of Infrastructure Ontario. The board of directors made the announcement Oct. 29.
In his new role, effective Nov. 9, Cory will focus on three main priorities: implementing the $10B Growth Plan to deliver new projects; accelerating investment in the Canadian infrastructure market by attracting more private capital; and building a results-focused organization that further positions Canada as a global infrastructure leader.
“Over the last six months, the CIB has made significant progress,” said Michael Sabia, chair of the CIB’s board of directors, in a statement. “We launched the $10 billion Growth Plan and began its execution with a $400 million investment to expand agricultural irrigation in Alberta. Our board can now act with greater agility in assessing and deciding on investment opportunities going forward. And today, we are announcing the appointment of a new Chief Executive Officer, Ehren Cory, to take the CIB forward. We have every confidence that he has the leadership skills and the infrastructure expertise needed to build the CIB and to deliver new investments.”
“I am honoured to be the Chief Executive Officer of the Canada Infrastructure Bank,” said Cory in a statement. “I am convinced the CIB can be a vital catalyst for innovative investment in Canada. I look forward to working with the talented CIB team and our partners to accelerate projects that create economic and environmental benefits for Canada.”
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