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RSS FeedsProvince taps financial executive to chair Metrolinx board
(The Star Food)


15 august 2018 22:55:33

Province taps financial executive to chair Metrolinx board
(The Star Food)

The Progressive Conservative government has selected a veteran financial sector executive as the next chair of Metrolinx.According to an order in council published by the province on Tuesday, Donald Wright has been appointed as head of the board of the agency, which operates GO Transit and oversees transportation planning for the Greater Toronto and Hamilton Area. His initial appointment is for a one-year term. According to Metrolinx, he’ll earn a salary of $146,700.During a career in the investment industry spanning more than 30 years, Wright, 70, has held executive positions at several major financial institutions, including stints as president of Merrill Lynch Canada and chief executive officer of TD Securities. He’s also the former board chair of Via Rail. He’s currently the president and chair of the Winnington Capital Group.“It is a privilege to welcome Donald Wright as our new chair,” said Metrolinx president and CEO Phil Verster in a statement.“It’s great news for our team at Metrolinx that our new chair has such extensive business experience, in addition to his time as chairman of the board of Via Rail. Having a chair who is a distinguished leader in the business world, and also knows the transportation industry, will be an incredible asset to every part of our operation at Metrolinx.”Wright replaces Rob Prichard, a lawyer and former president of Torstar Corporation, the company that publishes the Toronto Star. Prichard resigned as chair in July after nine years at Metrolinx, saying that the Conservatives’ election victory meant it was time for someone else to lead the board.Metrolinx was created by the province in 2006. Until the Progressive Conservatives took power in June, it had only ever existed under a Liberal government. The new government’s appointment of a figure with such a strong pedigree from the financial sector is in line with the PCs’ stated intention to tackle what the par ...
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