Toronto, November 12, 2025 — Canada Development Investment Corporation (CDEV) is pleased to announce that Dwight Ball has been appointed as the Chair of its Board of Directors.
Dwight joined the Board of Directors of CDEV in February 2023 and has contributed significantly to the board, as he has also served as Chair of the Board of CDEV’s portfolio company, Canada Hibernia Holding Corporation, and as a Director of Canada Indigenous Loan Guarantee Corporation. A respected business leader and former Premier of Newfoundland and Labrador, Dwight brings a depth of public sector leadership and economic experience to CDEV.
It is an honour to be appointed Chair of the Board of Canada Development Investment Corporation. CDEV is a unique and critical Crown corporation responsible for delivering value to Canadians through strategic financial and commercial oversight and advisory. I look forward to working with the Board, management, and our partners to ensure the Corporation continues to deliver impactful outcomes to the benefit of Canadians with its financial expertise. I am proud to contribute to an organization that plays such a vital role in managing Canada’s key investments and assets,” said Dwight Ball, Board Chair of CDEV.
“I am delighted to welcome Dwight Ball as Chair of the Board of CDEV. His proven leadership as Premier of Newfoundland and Labrador and his long-standing commitment to public service and economic development bring an invaluable perspective to our work. I look forward to working closely with him as we continue to provide important financial advisory to government and to manage Canada’s strategic investments in the public interest,” said Elizabeth Wademan, CEO of CDEV.
We want to thank Jennifer Reynolds, who was selected by the Board as Lead Director upon the departure of CDEV’s former Board Chair last year, and looks forward to her contributions as she continues as a director on the Board.
CDEV is a self-sustained federal Crown corporation acting as the financial and commercial trusted advisor to the Government of Canada and responsible for over $75 billion of federal assets through the CDEV Group of Companies, made up of 8 corporations, including Trans Mountain Corporation, Canada Growth Fund, and Canada Indigenous Loan Guarantee Corporation. Most recently, CDEV has been mandated to lead the delivery of the $10-billion federal Indigenous Loan Guarantee Program and the $10-billion Large Enterprise Tariff Loan (LETL) facility as well as structure a significant financing agreement with Telesat to support Canada’s largest ever space program.
CDEV is governed by an independent Board of Directors and reports to Parliament through the Minister of Finance.
Read the official announcement from the Department of Finance Canada: News release – Government of Canada announces appointment to CDEV Board