TORONTO — Waterfront Toronto’s board of directors has announced that chief executive officer Will Fleissig has advised the board he is stepping down.
The agency responsible for spearheading development of Toronto’s waterfront issued a statement July 4 that said it “has been fortunate to have a leader with such an innovative vision of what Toronto’s waterfront could and should be, and we wish him the very best as he takes on new challenges in the future.”
No reason was given for Fleissig’s resignation.
The statement said Fleissig noted “he is very proud of the accomplishments of Waterfront Toronto and the support he has received from the team. He knows that the next stage of the waterfront revitalization is in very good hands.”
A three-person interim leadership team has been put in place, including Michael Nobrega as acting CEO, Meg Davis, chief development officer, and Helen Burstyn, chair of the board, while the search for a new CEO is undertaken.
Nobrega is a former president and CEO of OMERS, current chair of the Ontario Centres of Excellence, and sits on Waterfront Toronto’s board of directors. The statement said Nobrega will be taking a leave from the board for the duration of his tenure on the interim leadership team.
Before his appointment in 2015, Fleissig was the president of Communitas Development, a real estate development and advisory company in San Francisco, and he had served as director of planning and development for the City of Boulder, Colo. During his career he has overseen the planning of such projects as Boston’s North Station Development Plan, Kendall Square/Cambridge Center Master Development Plan and Denver’s Union Station Master Development Plan.