TORONTO, Nov. 23 /CNW/ - In celebration of retiring Ontario Teachers'
Pension Plan President and CEO Claude Lamoureux's career, friends and
colleagues have donated $1 million to foster his exemplary business values in
the next generation of leaders. The Richard Ivey School of Business, at The
University of Western Ontario, is honoured to be the recipient of this
generous gift, which, with matching government funding, will result in a
$3 million student scholarship endowment in Mr. Lamoureux's name.
"This donation exemplifies Claude's passion for students and for
education. Helping the best and brightest with their education is imperative
for Canada to continue to compete on the global stage. Ivey is honoured to be
the recipient of this generosity," said Carol Stephenson, Dean, Richard Ivey
School of Business.
"We hope to instill in each Ivey student Claude's passion and enthusiasm
for business along with his sense of personal integrity and unwavering support
for strong corporate governance," said Ms. Stephenson.
Mr. Lamoureux is Teachers' inaugural CEO. He was appointed by then Chair
Gerald Bouey in 1990, when the Ontario government established the new
independent corporation to replace the Ontario Teachers' Superannuation Fund.
As CEO, he was responsible for building an organization that could
significantly grow the existing fund, and meet members' needs for service. In
1990 the fund's $19 billion in assets were invested in Ontario government
bonds. Under his leadership, the fund has grown to a well-diversified
$106 billion as of year-end 2006, and the plan's client service is second to
"Above all else, Claude is a leader and a mentor," said Jim Leech,
Teachers' CEO-designate. "Every one of us at Teachers' is a product in some
way of the knowledge and wisdom that he has shared with us. He has been our
teacher and we have been his students. His friends and colleagues from across
Canada's business and investment communities are proud to capture that
teaching legacy forever in this invaluable, one-of-a-kind gift."
"I am overwhelmed, but thrilled," said Mr. Lamoureux of the establishment
of the scholarship fund in his name. "Education is a priceless asset - our
future prosperity depends on it. The thought that Ivey students will be
benefiting from such a generous gesture on the part of my friends, is the most
thoughtful and meaningful gift I can imagine receiving."
Mr. Lamoureux, who has been called "One of the most powerful voices in
Canadian public markets", received the gift at a gala retirement dinner last
night in Toronto. The $3-million endowment will help up to 10 students each
year achieve their dreams of studying business.
About Ontario Teachers' Pension Plan
With $106 billion in net assets as at December 31, 2006, the Ontario
Teachers' Pension Plan is the largest single-profession pension plan in
Canada. An independent organization, it invests the pension fund's assets and
administers the pensions of 271,000 active and retired teachers in Ontario.
About the Richard Ivey School of Business, The University of Western
The Richard Ivey School of Business at The University of Western Ontario
(www.ivey.ca) offers full-time undergraduate (HBA) and graduate degree
programs (MBA, Executive MBA and PhD) in addition to non-degree Executive
Development programs. Ivey has campuses in London (Ontario), Toronto, and Hong
Kong. Ivey recently redesigned its curriculum to focus on Cross-Enterprise
Leadership - a holistic issues-based approach to management education that
meets the demands of today's complex global business world.
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For further information:
For further information: Mary Weil, Manager, Media & Public Relations,
Richard Ivey School of Business, (416) 203-0664, firstname.lastname@example.org; Deborah Allan,
Director, Communications and Media Relations, Ontario Teachers' Pension Plan,
(416) 730-5347, email@example.com