Infrastructure Ontario, a government agency that oversees the financing and construction of public works in the province, has appointed a new president and chief executive.
Ehren Cory, a member of the group’s executive team since 2012, now begins a three-year term at the head of the organisation. The agency’s previous chief executive, Bert Clark, left the group to become CEO of the Investment Management Corporation of Ontario, a newly launched pension fund manager, last October.
After working as a management consultant for McKinsey & Company, Cory became IO’s executive vice-president of transaction structuring in December 2012. Since 2015, Cory had served as president of IO’s project delivery division, responsible for projects including hospitals, courthouses and roads.
Linda Robinson, chairwoman of IO’s board of directors, said the board is “very confident in Mr Cory’s leadership skills, public sector experience and knowledge of infrastructure and real estate”. The board also added three new members, with Johanne Brossard, Kathy Milsom and Deb Barrett appointed to IO’s 10-person board.
The agency has been involved in several projects already this year. In January, IO helped select a consortium led by Plenary Group to redevelop the Centre for Addiction and Mental Health in Toronto. IO has also called for proposals for an expansion of the Michael Garron Hospital in east Toronto and the construction of a light rail system in Hamilton.