Crown corporation Infrastructure Ontario (IO) found a permanent chief executive, naming one-time Scotiabank executive Bert Clark to replace exited chief David Livingston.
The organisation said Clark will take over as chief executive as well as president in August. Current IO Chairman Tony Ross has been acting as interim chief executive since Livingston left in May.
For Scotiabank, where he has worked since 2008, Clark served as managing director, global infrastructure finance group for its Scotia Capital business unit. In addition to his past stint with IO, Clark acted as senior policy advisor to the premier of Ontario.
Clark is a lawyer by training. A spokesman for IO did not respond to a request for further comment by press time.
Interim chief executive Ross will remain chairman. He worked for RG Group and Merrill Lynch & Company. IO installed Ross as chief when Livingston went to work for Ontario Premier Dalton McGuinty.