Archived - Minister of Finance Announces Appointment to Bank of Canada Board of Directors
Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.
Minister Oliver congratulates Martin Sullivan on his appointment
December 19, 2014 – Ottawa, Ontario – Department of Finance
Finance Minister Joe Oliver today announced the appointment of Martin Sullivan to the Board of Directors of the Bank of Canada. His appointment is for a term ending on February 28, 2017.
Mr. Sullivan is the co-founder, President and CEO of Ocean Choice International, based in St. John’s, Newfoundland and Labrador. He has been actively involved in promoting the sustainable management and development of the fisheries sector.
- The Bank of Canada’s principal role is to promote the economic and financial welfare of Canada. The central bank works to preserve the value of money by keeping inflation low and stable.
- The Bank is responsible for Canada’s monetary policy and bank notes, and also has responsibilities relating to the financial system and funds management.
- The Bank of Canada’s Board of Directors provides general oversight of the management and administration of the central bank. It reviews the Bank’s general policies, on matters other than monetary policy, keeps the Bank informed about prevailing economic conditions in Directors’ respective regions, and appoints the Governor and Senior Deputy Governor.
“I am pleased to announce the appointment of Martin Sullivan to the Bank of Canada’s Board of Directors. Mr. Sullivan is a highly respected business executive in the fisheries industry. With his extensive expertise in business and financial management, he will bring varied and valuable experience to this important institution.”
- Joe Oliver, Minister of Finance
Office of the Minister of Finance
Department of Finance
Mr. Sullivan is the co-founder, President and CEO of Ocean Choice International, which has become one of the largest and most diversified seafood companies in Atlantic Canada, employing more than 1,600 people. It has received various prestigious awards and certifications, including the Newfoundland Export Award for International Marketing, the Canada Export Award, and the Newfoundland and Labrador Export & Innovation Award.
Mr. Sullivan has participated in numerous organizations and associations, including as Chair of the Fisheries Council of Canada (2011–2012) and as Advisor to the Government of Canada’s Northwest Atlantic Fisheries Organization. He was also Founding Director of the NL Association of Seafood Producers.
Mr. Sullivan has also participated as a speaker and presenter at a variety of industry events including the Chief Negotiator for the Canada-European Union Comprehensive Economic and Trade Agreement and the Bank of Canada’s Board of Directors.
Mr. Sullivan is from Calvert, Newfoundland and Labrador. He holds a Bachelor of Commerce (Honours) degree and a Master of Business Administration degree from Memorial University of Newfoundland.