TORONTO, May 24, 2011 /CNW/ - Home Capital Group Inc. (TSX: HCG) is
pleased to announce the election of Dr. Kevin P.D. Smith as Chairman of
Home Capital at a meeting of the Board of Directors of the Company
following the Annual General Meeting held on May 18, 2011.
Dr. Smith has served on the Board since 2007, the last three as Vice
Chairman, and has been an invaluable contributor to the Board and the
Company. He currently serves as President and CEO of St. Joseph's
Health System, and is an Associate Professor in the Department of
Medicine, Faculty of Health Sciences at McMaster University. Dr. Smith
is a frequent advisor to the Ontario government and is a director and
past Chair of the Ontario Hospital Association, an organization
representing 154 public hospitals in Ontario.
Dr. Smith has served on various public, private and philanthropic
boards, and brings significant governance experience and keen insight
to the role. He holds an ICD.D designation and has completed the
Harvard Business School Corporate Board Effectiveness Program. The
Board of Directors and management of Home Capital look forward to
working with Dr. Smith in the years to come.
Home Capital Group Inc. is a public company, traded on the Toronto Stock
Exchange (HCG), operating through its principal subsidiary, Home Trust
Company. Home Trust is a federally regulated trust company offering
deposit, residential and non-residential mortgage lending,
securitization of insured residential first mortgage products, consumer
lending, Visa and payment card services. Licensed to conduct business
across Canada, Home Trust has offices in Ontario, Alberta, British
Columbia, Nova Scotia and Quebec.
SOURCE Home Capital Group Inc.
For further information:
Gerald M. Soloway, CEO, or
Martin Reid, President