June 29, 2009 19:00 ET

Transport Canada: Appointment to Ridley Terminals Inc.

OTTAWA, ONTARIO--(Marketwire - June 29, 2009) - Canada's Transport Minister, John Baird, today announced the appointment of Mr. Stuart Douglas Boland (Bud) Smith as Interim Chairperson of the Ridley Terminals Inc. (RTI) Board of Directors.

Bud Smith, QC, is a lawyer and former Cabinet Minister for the Government of British Columbia. He served as a Member of the Legislative Assembly for Kamloops from 1986 to 1991. He has extensive experience serving on the boards of Crown corporations, having been a director of the British Columbia Development Corporation (BCDC), Canada Post Corporation, and Prince Rupert Port Authority. His BCDC Director service took place during the time Ridley Island lands were being assembled for development. Currently, Mr. Smith is a director or officer of several closely held corporations including Mejia Property Inc., Monashee Captive Insurance Company Limited, Nicola Mortgage Company, Pacific Crest Homes Ltd., Thompson Valley Mortgage Corp., the TULO Centre of Indigenous Economics and Urban Systems Ltd. Mr. Smith studied at the University of Victoria, and then obtained his law degree from the University of British Columbia.

"Mr. Smith brings extensive experience from his time as a provincial cabinet minister, and corporate director," said Baird. "His proven leadership in both the private and public sectors will be a real asset to RTI and its objectives."

"Mr. Smith's experience and familiarity with the north coast of B.C. and the Port of Prince Rupert is of benefit to RTI, Prince Rupert, and Canadian shipping," added the Honourable Rob Merrifield, Minister of State (Transport).

Mr. Smith will hold this office until such a time as a new chairperson is appointed to RTI. The appointment is effective immediately.

RTI is located on Ridley Island in Prince Rupert, B.C., at the end of CN's northern rail line. RTI is a federal Crown Corporation that owns and operates a bulk handling terminal for the efficient and reliable movement of coal and other bulk commodities from trains onto ships, on land leased from the Prince Rupert Port Authority. The terminal was built in the early 1980's to support the development of the coal industry in Northeastern B.C.

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Contact Information

  • Chris Hilton
    Office of Minister of State (Transport)
    Rob Merrifield, Ottawa