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Fukakusa named board chair for Canadian Infrastructure Bank

By ReNew Canada 08:05AM July 06, 2017

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The Government of Canada has announced that Janice Fukakusa has been selected as the inaugural chairperson of the board for the Canada Infrastructure Bank.

Ms. Fukakusa is a corporate director and former chief administrative officer and chief financial officer of Royal Bank of Canada, from which she retired in January 2017 following a distinguished 31-year career. Ms. Fukakusa currently serves on the boards of a number of corporate and not-for-profit organizations, including Cineplex, General Growth Properties, The Princess Margaret Cancer Foundation, and Wellspring Cancer Foundation. She serves as the chair of the board of governors of Ryerson University. In 2007, she was inducted into Canada’s Most Powerful Women Hall of Fame, and in 2016, she was named one of the 25 Most Powerful Women in Banking by American Banker magazine for the fourth consecutive year.

“Today’s announcement is another step forward in fulfilling our commitment to have the Canada Infrastructure Bank operational by the end of 2017,” said Amarjeet Sohi, minister of infrastructure and communities. “Janice Fukakusa has extensive experience and an established reputation within the financial services sector, and I am confident that her leadership will ensure that the Bank delivers on its ambitious mandate.”

In the coming months, the Government of Canada will finalize the selection for the Bank’s Board of Directors and Chief Executive Officer. Ms. Fukakusa will play a key role in these selection processes and the continued development of the Canada Infrastructure Bank, including establishing the governance and oversight that will enable the Canada Infrastructure Bank to successfully deliver on its mandate.

The application process for the CEO will remain open until July 21. Interested and qualified candidates can submit their application via the online Governor in Council Appointment portal.

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