THE ST. LAWRENCE SEAWAY MANAGEMENT CORPORATION ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS AND APPOINTS A NEW C.E.O.
Cornwall, Ontario (September 2, 2010) – The St. Lawrence Seaway Management Corporation is pleased to announce the following recent changes to its Board of Directors.
Ian MacGregor assumed the position of Chair of the Board at the meeting of the Board held on August 18, 2010. Mr. MacGregor replaces Guy Véronneau, who recently left the Board after serving as Chair for the past four years. Mr. MacGregor is a director of Seaway Marine Transport and Chairman of Golden Star Resources Ltd.
David L. Muir, FCA joined the Board of Directors in May 2010 as the representative of the Federal Government. Mr. Muir is Senior Vice President, Collins Barrow Ottawa Management Consultants Inc.
Jonathan Bamberger joined the Board of Directors on August 28th as the industry representative for the Corporation’s “Other Members”. Mr. Bamberger is President, Redpath Sugar Ltd., based in Toronto, and Vice President, Commodities, American Sugar Refining Inc.
The St. Lawrence Seaway Management Corporation is also pleased to announce the appointment, effective November 1, 2010, of Terence F. Bowles as President and Chief Executive Officer to replace Dick Corfe who has served in the position since 2003. Mr. Bowles served as President and CEO of the Iron Ore Company of Canada from 2001 until early 2010. Prior to that, he worked in various capacities with QIT Fer et Titane du Quebec, including five years as President from 1996 to 2001.
“We are very pleased to have someone with Terry Bowles experience and background to succeed Dick Corfe”, commented Mr. MacGregor, “and I would like to take this opportunity to recognize Dick’s contribution in what have been challenging times for the Seaway. He has agreed to make himself available to help his successor with the transition of responsibilities.”
Since its inception in 1959, more than 2.4 billion tonnes of cargo, valued at over $350 billion, have moved via the Seaway. Today, marine transportation within the Seaway continues to support the well-being of millions of people on both sides of the Canada/US border and, through increased use, carries the promise to do even more. The SLSMC remains dedicated to promoting the economic and environmental benefits of the marine mode, attracting new cargoes to the Seaway and leveraging technology to enhance the system’s performance. For more information, please consult our www.greatlakes-seaway.com Web site.