Archived - Minister of Finance Announces Appointment to Bank of Canada Board of Directors
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Minister Oliver congratulates Greg Stewart on his appointment
October 15, 2014 – Ottawa, Ontario – Department of Finance
Finance Minister Joe Oliver today announced the appointment of Greg Stewart to the Board of Directors of the Bank of Canada, effective October 9, 2014. Mr. Stewart, an expert in agribusiness, was formerly the President and Chief Operating Officer of Farm Credit Canada.
Mr. Stewart was born in Windsor, Ontario. He received a Bachelor of Science in Agricultural Economics from the University of Manitoba in 1988. He has also completed numerous executive management and leadership development programs, including at the Executive Institute of the University of Chicago’s Graduate School of Business.
- 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 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.
“Greg Stewart is a highly respected business executive and corporate director, with extensive experience in senior management and risk management. His expertise in business process and technological transformations will be an asset to the Bank of Canada’s Board. He has all the attributes that we sought during the thorough recruitment process for a new Director.”
- Joe Oliver, Minister of Finance
Office of the Minister of Finance
Department of Finance
Greg Stewart was born in Windsor, Ontario. He received a Bachelor of Science in Agricultural Economics from the University of Manitoba in 1988. He has also completed numerous executive management and leadership development programs, including at the Executive Institute of the University of Chicago’s Graduate School of Business.
Mr. Stewart has more than 26 years of experience with Farm Credit Canada (FCC), a leading agricultural lender and self-sustaining Crown corporation. From 2007 until June 2014, he was President and Chief Executive Officer of FCC and prior to that he served as Chief Operating Officer, Senior Vice-President of National Lending Operations, Vice-President of Western Operations and Agri-business, and Vice-President of Risk Management. He was also the owner of Stewart Price Construction and Assistant Manager at Cargill Elevators.
Mr. Stewart also serves on the Board of Directors of Habitat for Humanity Canada and Habitat for Humanity Regina, as well as of Food Banks Canada.