Ed Clark, Chair, Ontario Premier's Advisory Council on Government Assets
Update from the Premier's Advisory Council on Government Assets
Ed Clark, outgoing Group President and CEO of TD Bank Group, is the Chair of the Ontario Premier's Advisory Council on Government Assets. The Council has been asked to look at options to generate better returns and revenues from the LCBO, Hydro One and Ontario Power Generation. Over the past six months, the Council has delved into the operations of the three companies, met with their boards and management as well as numerous stakeholders, as it considers strategies to extract more value -- with a preference to owning rather than selling core assets. Mr Clark will speak for the first time about phase one of the Council's work and observations to date.
Additional council members include:
David Denison, Corporate Director
Janet L. Ecker, President and CEO, Toronto Financial Services Alliance
Ellis Jacob, President and Chief Executive Officer, Cineplex Entertainment
The Honourable Frances Lankin, Chair, Ontario Press Council and Board Director and Chair Social Responsibility Committee, Ontario Lottery and Gaming Corporation
Since this event was on the record, please click here for a link to Mr. Clark's presentation.
Ed Clark was appointed Group President and Chief Executive Officer of TD Bank Group on December 20, 2002. On April 3, 2013, Ed announced his intention to retire as President and CEO effective November 1, 2014 at age 67, after 12 years as CEO. In April 2014 Ed was asked by the Government of Ontario to Chair the Premier’s Advisory Council on Government Assets. The Council was asked to consider various options to generate better returns and revenues to maximize the value of the LCBO, Hydro One and Ontario Power Generation to the province.
Following TD's acquisition of Canada Trust Financial Services in February of 2000, Ed joined TD Bank Group as Chairman and Chief Executive Officer of TD Canada Trust. In this role he oversaw the successful integration of the TD and Canada Trust banking operations. He then served as President and Chief Operating Officer starting in July 2000. Before joining TD, Ed was President and Chief Executive Officer of Canada Trust Financial Services.
In 1985, he joined Merrill Lynch, and three years later Ed was appointed Chairman and Chief Executive Officer of Morgan Financial Corporation, a position he held until he joined Canada Trust Financial Services Inc. in 1991. From 1974 to 1984, Ed held a number of senior positions in the federal government.
Ed graduated from the University of Toronto in 1969 with a Bachelor of Arts degree. He earned his Master's degree and Doctorate in Economics from Harvard University in 1971 and 1974 respectively. Ed has also received honorary degrees from Mount Allison University, Queen's University, Western University and the University of Toronto.
He was the 2010 Cabinet Chair for United Way Toronto, and is currently a member of the Chair's Advisory Council for Habitat for Humanity Toronto, and provides support to WoodGreen Community Services, an organization that delivers programs to build sustainable communities in the Toronto area. Ed is also chair of the Advisory Board for the School of Public Policy and Governance at the University of Toronto. In 2014, Ed was elected to the Board of Trustees of US public policy organization, the Brookings Institute.
Ed has been honoured numerous times for his vision, integrity and strong leadership. He was appointed to the Order of Canada in 2010 – one of the country's highest distinctions – for his "contributions to Canada's banking and financial industry, and for his voluntary and philanthropic endeavours." Ed has also received Egale's Leadership Award in honor of his leadership in supporting LGBT (Lesbian Gay Bisexual Transgender) communities, and the inaugural Catalyst Canada Honour, awarded to individuals who have made a critical and visible difference to women's advancement. In 2010, Ed was named Canada's Outstanding CEO of the Year – widely viewed as the most prestigious award in Canadian business. In 2011, Ed was named Ivey Business Leader of the Year by the Richard Ivey School of Business at the University of Western Ontario. He was acknowledged by GTA Association of Fundraising Professionals (AFP) with the "2011 Outstanding Philanthropist" award. In 2012 and 2013, Ed was named to Barron's prestigious annual list of the world's 30 best CEOs.
Ed and his wife Fran make their home in Toronto. They have four grown children and nine grandchildren.
to