GATINEAU, QUEBEC--(Marketwired - Feb. 7, 2014) - Public Works and Government Services Canada
The Honourable Diane Finley, Minister of Public Works and Government Services, announced today the appointment of Mr. John McBain as President and Chief Executive Officer of Canada Lands Company Limited (CLCL), effective March 3, 2014.
Mr. McBain was appointed by the Governor in Council on the basis of his professional background, expertise and experience in the management, acquisition and divestiture of one of the most complex real property portfolios in Canada. As the Assistant Deputy Minister of the Real Property Branch of Public Works and Government Services Canada, Mr. McBain managed a portfolio of 1,800 properties, an annual budget of $4 billion, and over 3,500 employees. His extensive knowledge of both commercial and government real property practices will be a tremendous asset to the Company.
Minister Finley also took the opportunity to thank Mr. Robert Howald, the Company's Senior Vice-President, Real Estate, who acted as the interim President and Chief Executive Officer.
CLCL is a self-financing Crown corporation that optimizes the economic and community value of strategic surplus properties no longer required by the Government of Canada. It provides innovative solutions to complex real estate challenges through its redevelopment and disposal activity, adding value to former government properties and maximizing returns to local communities and the government. Since 1995, CLCL has returned more than $493 million to Canadian taxpayers. The Company is also a demonstrated leader in tourism management with its operation of the CN Tower, the Montréal Science Centre and the Old Port of Montréal. In fulfilling its mandate, CLCL makes significant contributions to the government and communities across Canada.
- Canada Lands Company Limited is the parent company of three active subsidiaries: Old Port of Montréal Corporation, Canada Lands Company CLC Limited, and Parc Downsview Park.
"I am very pleased to announce the appointment of John McBain as President and Chief Executive Officer of Canada Lands Company Limited. He brings a wealth of knowledge and experience that will greatly benefit the Company."
|Minister of Public Works and Government Services
Canada Lands Company Limited
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