'In its new, more ambitious form, Invest in Canada will take on a more prominent role'
The former Canadian ambassador to China Dominic Barton has been appointed as chair of Invest in Canada’s board of directors following the resignation of the federal agency’s chief executive.
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Prime Minister Mark Carney on Monday announced Barton’s appointment along with Gurinder Grewal’s as the new chief executive of the foreign-investment agency.
“As we look to capitalize on (Canada’s) strengths with new investors, Dominic Barton and Gurinder Grewal have the experience and ambition Canada needs,” Carney said in a statement. “Under their leadership, Invest in Canada will catalyze billions in new investments into Canada to build a stronger, more independent, more resilient Canadian economy for all.”
The appointments come after Laurel Broten, a former Ontario cabinet minister, suddenly stepped down as chief executive of Invest in Canada just weeks ahead of the Canada investment Summit, which will held in Toronto on Sept. 14 and 15.
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The statement made no mention of Broten or her departure, but Carney thanked Karl Tabbakh for his service as chair of the board of directors during his three-year term.
Tabbakh will remain on the board beyond the expiry of his term to “ensure continuity, support the leadership transition and help oversee the implementation of the next phase of the organization’s journey,” the statement said.
“Tabbakh helped guide Invest in Canada through a period of significant global disruption, as it strengthened its role in attracting and facilitating major investments, deepened collaboration with partners across every order of government, and expanded its support for global investors looking to invest and grow in Canada.”
