Invest Toronto search for new Chief Executive Officer

Application deadline is October 5

TORONTO, Sept. 17 /CNW/ - Toronto Mayor David Miller, the Chair of the Board and interim Chief Executive Officer of Invest Toronto today confirmed that a new Chief Executive Officer (CEO) for Invest Toronto will be in place as quickly as possible.

The CEO Search Committee of the Board met today and approved the position profile and Knightsbridge Executive Search has been re-engaged to assist with the search for the new CEO. The deadline for applications is October 5. The position profile is available on the Invest Toronto website at www.investtoronto.ca

Inquiries and submissions regarding the position of CEO of Invest Toronto may be directed in confidence to: Chris Sawyer, Senior Consultant, Knightsbridge Executive Search (www.knightsbridge.ca) csawyer@knightsbridge.ca - 416.640.4312. The position profile is available on the Knightsbridge website.

The Invest Toronto Board of Directors had previously approved the appointment of Mayor Miller as the Interim CEO of the corporation until a new CEO is in place. Support in the operation of Invest Toronto will be provided to the Mayor through the senior staff of Invest Toronto, including Terrie O'Leary, the Executive Vice-President of Operations at Invest Toronto. Ms. O'Leary was previously the Canadian Executive Director at the World Bank and the former Chief of Staff to Finance Minister Paul Martin.

Until a new CEO is appointed, responsibility for overseeing day-to-day business operations will be managed by Nick Lewis, Senior Economic Development Advisor to Mayor Miller and Michael Williams, the General Manager of Economic Development, Culture and Tourism of the City of Toronto. Mr. Lewis was formerly a Managing Director with the Royal Bank of Canada and Mr. Williams joined the City of Toronto from the Toronto Region Research Alliance (TRRA), where he served as Senior Vice President, Investment Attraction.

In October 2008, Council approved a new model to enhance Toronto's economic competitiveness and established two new corporations, Invest Toronto and Build Toronto. Invest Toronto's mandate is to engage the private sector in promoting Toronto as an investment opportunity through marketing, conducting trade missions, and coordinating with other governments and business. Build Toronto's mandate is to engage private and public sector partners in the development of under-utilized City real estate to unlock the value of those lands, stimulate the creation of desirable jobs, and regenerate neighbourhoods, in a manner consistent with the City's broader economic, social and environmental goals.

    
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SOURCE City of Toronto

For further information: For further information: Media contacts: Stuart Green (stugreen@toronto.ca), Deputy Director of Communications, Office of Toronto Mayor David Miller, (416) 338-7119, Websites: Invest Toronto - www.investtoronto.ca, Build Toronto - www.buildtoronto.ca


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