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David Lobo joins CDEV as Chief Operating Officer, Elena Palumbo as Chief Human Resources Officer
Toronto, October 29, 2026 – Canada Development Investment Corporation (CDEV) is pleased to announce two key talent additions, with David Lobo joining as Chief Operating Officer and Elena Palumbo as Chief Human Resources Officer.
Mr. Lobo brings deep experience in public sector leadership, organizational transformation and strategic execution. He has served as President and CEO of the Ontario Cannabis Store, following senior leadership roles with the Ontario Ministry of Finance, the Alcohol and Gaming Commission of Ontario and the Ontario Cabinet Office.
As Chief Operating Officer, Mr. Lobo will lead CDEV’s operational strategy, driving organizational capacity and effectiveness, excellence and enterprise-wide co-ordination.
Ms. Palumbo brings extensive experience building high-performing organizations, strengthening leadership capability and shaping the talent and culture needed to deliver on business strategy. Most recently, she served as Chief Human Resources Officer at a large Canadian pension plan. Her previous experience includes Scotiabank, CIBC and CBC.
As Chief Human Resources Officer, Ms. Palumbo will lead CDEV’s people and culture strategy, with a focus on attracting and developing exceptional talent, strengthening leadership capabilities and fostering a high-performing culture.
“Together, these appointments represent an important investment in CDEV’s future, ensuring we have the leadership, talent and operational capabilities to translate Canada’s economic ambitions into action,” said Elizabeth Wademan, President and CEO of CDEV.