Toronto, March 13, 2025 – Canada Growth Fund Inc. (CGF) is pleased to announce that Corinne Boone has been appointed as Chair of CGF. Sean Strickland has also been appointed to the Board as director.
CGF, a wholly owned subsidiary of Canada Development Investment Corp. (CDEV), is a $15 billion independent and arm’s length fund designed to promote the efficiency and competitiveness of Canada’s economy. CGF was launched in 2023 and has made 12 investments to date in various sectors including major projects, technologies, businesses, and supply chains, including critical minerals.
Corinne Boone has over 30 years of experience in integrating economic, social, and environmental risks and opportunities into business. She has built businesses in carbon finance and sustainability consulting and has deep experience related to energy, natural resources, and ESG. She is the CEO of Climate and Sustainable Innovation and a highly experienced board member. She holds a Master of Environmental Studies from York University, an Honours BA from St. Thomas University and has certifications in corporate governance and ESG.
Sean Strickland is the Executive Director of Canada’s Building Trades Unions, the federal voice of 14 international unions representing over 600,000 members across 60 different skilled trades, drawing on more than 40 years of experience in the construction industry. He currently serves as the Chair of Buildforce Canada and sits on the Federal Government’s Construction Industry Roundtable, the SkillPlan Board of Directors, and the CDEV Board of Directors. He is a graduate of the University of Waterloo’s political science program and has completed executive management programs at Wilfrid Laurier University and Harvard University.
“I welcome Corinne Boone and Sean Strickland to the Board of CGF. Their leadership will be invaluable to support strong governance in relation to CGF’s mandate and to support the board oversight of this critical investment program,” said Elizabeth Wademan, CEO of CDEV.
“I am honoured to join CGF as Board Chair. Through this role, I look forward to contributing to the important oversight role related to CGF’s mandate,” said Corinne Boone, Board Chair of CGF.
Quick Facts
· CGF engaged the services and expertise of PSP Investments in the implementation of the CGF mandate. As a result, PSP Investments incorporated Canada Growth Fund Investment Management Inc. (CGFIM) as its wholly owned subsidiary to act as the independent and exclusive investment manager of CGF and provide the full suite of investment management services to CGF.
· CGFIM executes in a selective and disciplined manner, preserving capital on a portfolio basis to allow reinvestment and a self-funded vehicle over time. It has committed over $2.4 billion to important Canadian projects and technology companies on behalf of CGF.
· As the parent company of CGF, CDEV, through the CGF Board, ensures oversight and compliance, but is not directly involved in CGF’s investment activities. CDEV is also responsible for making appointments to the Board of Directors of CGF, including the Chair.
· CDEV used an external executive search firm for the Board Chair appointment, which was the result of a robust and competitive search process.
· These two appointments are effective as of March 1st, 2025.
For more information about CGF: www.cgf-fcc.ca
Contact
Thomas Chanzy
Vice President and Head, Communications and Public Affairs
Canada Development Investment Corporation
416 966 2926
thomas.chanzy@cdev.gc.ca