Ottawa, October 3, 2011
2011-092

Archived - Minister of Finance Announces New Members of the Economic Advisory Council

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The Honourable Jim Flaherty, Minister of Finance, today announced three new members of his Economic Advisory Council, which was first established at the outset of the global recession in 2008. The council includes Canadian business and academic leaders who provide advice to the Government on a broad range of fiscal, economic and financial issues.

“We are in a period of weakened global economic activity, which presents significant challenges but also opportunities for Canada,” said Minister Flaherty. “At such times, it is perhaps more important than ever to bring experienced and talented business innovators together to share ideas that will make our economy more productive and resilient.”

The three new members, Nancy Southern, Donald Lindsay and Robert Prichard, will join the council at its meeting with the Minister today in Toronto.

 “I thank these new council members for sharing their expertise and look forward with interest to hearing their opinions and ideas,” said Minister Flaherty.

Council members have agreed to a salary of $1, with their expenses being reimbursed by the Government.

Biographical notes are attached.

For further information, media may contact:

Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance
613-996-7861

Jack Aubry
Media Relations
Department of Finance
613-996-8080

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Biographical Notes

Nancy Southern
President & Chief Executive Officer
ATCO Group

Nancy Southern is President & CEO, ATCO Ltd. and Canadian Utilities Limited. She was appointed President & CEO of both corporations on January 1, 2003, and in May of 2008 was also appointed Deputy Chair of both. Previously she had been Co-Chair & CEO since January 2000; Deputy Chief Executive Officer since May 1998 and Deputy Chair of ATCO Group since January 1996. She has been a Director of the Corporation since 1989.  Ms. Southern has full responsibility for executing strategic direction and the ongoing operations of the corporation, reporting to the Board of Directors.

Ms. Southern serves on the Boards of all the ATCO Group subsidiary companies. She is a Director of AKITA Drilling Ltd. and Sentgraf Enterprises Limited and is a member of The U.S. Business Council and a Canadian Member of the Trilateral Commission. Ms. Southern is a member of the Canadian Council of Chief Executives and the Joint Public Advisory Committee, North American Agreement for Environmental Cooperation, and the C.D. Howe Institute.

Ms. Southern was born and raised in Calgary, Alberta, where she studied Economics and Commerce at the University of Calgary. Business acumen has been developed and honed throughout the growth of the ATCO Group of Companies, originally founded in 1947 as Alberta Trailer Hire by her grandfather S.D. Southern and father R.D. Southern. From initial revenues of $1,077.65, ATCO, under the Southerns, has grown into a worldwide corporation of diverse companies with more than 8,000 employees and assets of $11 billion.

Donald R. Lindsay
President and Chief Executive Officer
Teck Resources Limited

Don Lindsay was appointed President of Teck, a Vancouver-based resource company, in January 2005 and assumed the additional responsibility of Chief Executive Officer in April 2005. Before joining Teck, he was President of CIBC World Markets and led the bank’s Investment and Corporate Banking Division as well as the Asia Pacific Region. Earlier in his career he was responsible for CIBC’s Global Mining Group. Don has a B.Sc., (Hons.) Mining Engineering from Queen’s University and an MBA from Harvard Business School.

Mr. Lindsay is currently a Governor of the B.C. Children’s Hospital Foundation in Vancouver and is also Chair of the Campaign for B.C. Children, a capital campaign that aims to raise $200 million to build a new acute care hospital. Earlier in his career he served on the Board of St. Michael’s Hospital Foundation in Toronto and was Co-Chair of the Heart Health Campaign. Mr. Lindsay was a member of the United Way’s Major Individual Giving Cabinet in Toronto for several years and has also been the division chair for Natural Resources for the United Way of the Lower Mainland in British Columbia. He was Vice Chair of the Greater Toronto Scout Foundation and Chair of the Investment Committee. He also served for several years on the Board of the Canada China Business Council. Mr. Lindsay is on the Board of Governors of the Royal Ontario Museum. He was appointed to the Board of Directors of Manulife Financial Corporation in August 2010.

In his capacity as Chair of the International Zinc Association, Mr. Lindsay has been actively involved in launching the Zinc Saves Kids campaign, a program developed in partnership with UNICEF designed to address zinc deficiency, which claims the lives of as many as 450,000 children annually around the world.

J. Robert S. Prichard
Chair, Metrolinx and Chair, Torys LLP

J. Robert S. Prichard is chairman of Torys LLP, a leading international business law firm with offices in Toronto, Calgary and New York. He is also chair of Metrolinx, the regional transportation agency for the Greater Toronto and Hamilton area, and a corporate director.

Prior to joining Torys in 2010, Mr. Prichard had careers as a law professor, academic leader and business leader. He was a professor of law at the University of Toronto from 1976 to 2001, specializing in law and economics, and served as dean of the Faculty of Law at the University of Toronto from 1984 to 1990. Mr. Prichard served as president of the University of Toronto from 1990 to 2000 and was appointed president emeritus in 2000.

Mr. Prichard’s business experience includes serving from 2002 to 2009 as president and CEO of Torstar Corporation, a leading Canadian media company with newspaper and book publishing businesses. He currently serves as a director of the Bank of Montreal, Onex Corporation and George Weston Ltd. and as chairman of Penguin Canada.

In the volunteer sector, Mr. Prichard serves as a trustee of the Hospital for Sick Children, Vice Chair of Canada’s Science, Technology and Innovation Council, a director of the Toronto Community Foundation, chair of the Visiting Committee for Harvard Law School and a trustee of the Terry Fox Humanitarian Award Foundation.

Mr. Prichard studied honours economics at Swarthmore College, received his MBA (Dean’s List) in finance and international business from the University of Chicago and earned law degrees from the University of Toronto (Gold Medallist) and Yale University (Viscount Bennett Fellow).

Mr. Prichard has been recognized by appointment as an Officer of the Order of Canada, a Member of the Order of Ontario and a Fellow of the Royal Society of Canada. He has received honorary degrees from ten colleges and universities in Canada and the United States. He also received the David Smith Award for contributions to public policy in higher education in Canada and the Champion of Public Education Award from the Learning Partnership.