The Canada Infrastructure Bank (CIB) Board of Directors announced the appointment of Ehren Cory as chief executive officer (CEO).
“Over the last six months, the CIB has made significant progress. 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,” said Michael Sabia, chair of the CIB’s Board of Directors. “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.”
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;
- building a results-focused organization that further positions Canada as a global infrastructure leader.
“I am honoured to be the Chief Executive Officer of the Canada Infrastructure Bank. 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,” said Cory.
“The appointment of Ehren Cory as the new CIB CEO is welcome given his experience in getting innovative and large-scale infrastructure projects built. Looking forward to working together to build more sustainable infrastructure and clean energy,” said Minister of Infrastructure Catherine McKenna.
Cory has a strong track record and joins the CIB after leading a successful public sector institution and executing large-scale infrastructure transactions as Chief Executive Officer of Infrastructure Ontario.
“The CIB’s Board of Directors conducted an extensive CEO search. As a result of the process, the Board selected Ehren Cory because he is an experienced leader, knows how to get things done by working with public and private sector partners, and has a deep understanding of structuring and delivering infrastructure projects,” said Jim Cherry, chair of the CIB’s Human Resources Committee of the Board. “Ehren Cory has the leadership vision and infrastructure background to drive the CIB’s next phase.”
Cory’s appointment is effective November 9, 2020.
