Dominic Barton named chair of Invest in Canada after CEO resigns

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Photo by Qilai Shen/Bloomberg via Getty ImagesThe 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.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountPrime 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.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. 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Please try againThe 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.”Barton, who will replace Tabbakh, is the chair of Rio Tinto Group, one of the world’s largest mining companies, and LeapFrog Investments. He spent more than 30 years at McKinsey & Co., including nine years as global managing partner.Grewal, who will replace Broten, is the founder and managing partner of MEM Growth Partners and previously spent more than a decade at Advent International, where he was a partner and co-head of Industrials, Infrastructure and Energy.Barton will hold the position of chairman on a part-time basis for a three-year term and Grewal will be CEO on a full-time basis for a term of five years.“Together, Barton and Grewal will lead Invest in Canada to catalyze billions of dollars of new investment in Canadian energy, critical minerals, artificial intelligence and infrastructure,” Carney’s office said. “In its new, more ambitious form, Invest in Canada will take on a more prominent role – working closely with the largest foreign investors to build a stronger, more independent, more resilient Canadian economy.”Invest in Canada was established under the Invest in Canada Act in 2018 and is currently under the responsibility of trade minister Dominic LeBlanc.We apologize, but this video has failed to load.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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