Ottawa, February 20th, 2008

Archived - Minister Flaherty Announces Appointment of New Director to the Canada Development Investment Corporation

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The Honourable Jim Flaherty, Minister of Finance, today announced the appointment of Ted Howell, CA, MBA, to the Board of Directors of the Canada Development Investment Corporation (CDIC).

"Mr. Howell's extensive private sector experience in strategic planning, operational efficiency and financial management will no doubt contribute to the expertise of CDIC's executive team," said Minister Flaherty.

A native of Newfoundland and Labrador, Mr. Howell was educated in St. John's, where he resides. He holds a Master of Business Administration and is a member of the Institute of Chartered Accountants of Newfoundland.

The Canada Development Investment Corporation is a federal Crown corporation established in 1982, with a mandate to hold and manage in a commercial manner certain commercial interests of the federal government. Canada Hibernia Holding Corporation, which manages the federal government's 8.5 per cent interest in the Hibernia oil project, is CDIC's largest subsidiary.

For further information, media may contact:

Chisolm Pothier
Press Secretary
Office of the Minister of Finance

David Gamble
Media Relations
Department of Finance

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