Hartley T. Richardson Elected Chair of the Canadian Council of Chief Executives

The Canadian Council of Chief Executives (CCCE) has elected Hartley T. Richardson as its new Chair. Mr. Richardson is President and Chief Executive Officer of James Richardson & Sons, Limited, and has served as a member of the CCCE’s Executive Committee since 2006.

Mr. Richardson succeeds former Chair Gordon M. Nixon, President and Chief Executive Officer of Royal Bank of Canada. Mr.Nixon remains on the Council’s Executive Committee as Honorary Chair. Also on the Executive Committee are: The Honourable John P. Manley, CCCE President and Chief Executive Officer; First Vice Chair Paul Desmarais, Jr., Chairman and Co-Chief Executive Officer, Power Corporation of Canada; and Vice Chairs J. Bruce Flatt, Richard L. George and Annette Verschuren, the chief executives respectively of Brookfield Asset Management Inc., Suncor Energy Inc. and The Home Depot Canada and Asia.

Speaking after the CCCE’s New Year Members’ Meeting in Toronto this week, Mr. Richardson said he was looking forward to working with Mr.Manley and his fellow CEOs from coast to coast in promoting sound public policies that will ensure a better future for all Canadians. “As Canada’s economy struggles to emerge from recession, the need for bold ideas and focused leadership is stronger than ever,” Mr. Richardson said.

The Council’s meeting this week was Mr.Manley’s first since taking over as President and Chief Executive Officer of the CCCE on January 1. From 1993 to 2003 he served in the federal Cabinet in the portfolios of Industry, Foreign Affairs and Finance, in addition to being Deputy Prime Minister.

“The Canadian Council of Chief Executives has an impressive record of forging creative solutions and shaping national consensus on issues that matter – issues such as public finances, innovation and competitiveness, international trade, foreign policy, energy and the environment,” Mr. Manley said.

“The recent economic downturn has underscored the need for solid, non-partisan and constructive advocacy, based on fact and sound analysis. As the pre-eminent voice for Canada’s leading companies, the CCCE is committed to working with others to help build a stronger Canada and a better world.”

Founded in 1976, the CCCE is composed of 150 chief executives and leading entrepreneurs from all major sectors and regions of the country. The companies they lead collectively administer $4.5 trillion in assets, have annual revenues of more than $850 billion, and are responsible for most of Canada’s private-sector exports, investment and training.