ICD CEO Stan Magidson to step down in July 2016; ICD to commence search for new CEO

TORONTO, July 21, 2015 /CNW/ - The Board of Directors of the Institute of Corporate Directors (ICD) announced today that CEO Stan Magidson will be stepping down from the ICD at the end of his contract in July 2016, after six years of service.

"It's difficult to say goodbye to the ICD family, but there is a time for everything," said Mr. Magidson. "I have thoroughly enjoyed my time with the ICD and am proud of all we have accomplished. I look forward to continuing to make a contribution in the year ahead, and will work with our Board, staff and Chapter Chairs to support a smooth transition when my successor is identified."

"The Board wishes to recognize Stan for his significant contribution to the ICD and the director community in Canada", said ICD Board Chair Gail Cook-Bennett. "Under Stan's leadership the organization has substantially grown its membership and broadened the voice of directors in Canada and abroad." Ms. Cook-Bennett added, "We look forward to sustaining ICD's momentum under Stan's leadership in the year ahead. In the coming months, we will begin a comprehensive search for our next CEO who will lead the ICD in its next stage of growth and development."

About The Institute of Corporate Directors (ICD)

The Institute of Corporate Directors (ICD) is the definitive 'go-to' resource and voice for Canada's directors and boards in the for-profit, not-for-profit and Crown sectors.  As the national community for directors, the ICD is a not-for-profit, member-based association with more than 10,000 members and a network of 11 chapters across Canada. Representing the interests of directors, the ICD fosters the sharing of knowledge and wisdom through education, professional development programs and services, and thought leadership and advocacy to achieve the highest standard of directorship. For more information, please visit: www.icd.ca.

SOURCE Institute of Corporate Directors (ICD)

For further information: Media Contact: Nick Anstett, Longview Communications, (416) 649-8008, nanstett@longviewcomms.ca

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