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APPOINTMENTS TO THE BOARD OF DIRECTORS OF THE EXPORT DEVELOPMENT CORPORATION

October 8, 1999 (9:15 a.m. EDT) No. 221

APPOINTMENTS TO THE BOARD OF DIRECTORS OF

THE EXPORT DEVELOPMENT CORPORATION

The Minister for International Trade, Pierre Pettigrew, today announced the appointment of Dennis Wood to the Board of Directors of the Export Development Corporation (EDC), and the reappointment of Rayburn Doucett.

Mr. Wood is Chair of C-MAC Industries Inc., a world leader in the manufacturing of state-of-the-art electronics, based in Montreal. He serves on the boards of directors of several organizations, including the University of Sherbrooke Foundation and the Montreal Symphony Orchestra, and is a Member of the Order of Canada.

Mr. Doucett was a member of the New Brunswick Legislative Assembly from 1970 to 1995, and served as New Brunswick's Minister of Commerce and Technology and as Minister to the New Brunswick Regional Development Corporation. From 1987 to 1991, he was Chair of the New Brunswick Electric Power Corporation while continuing to operate his own furniture business. Currently, he is President of Crosswaters Trade Brokers Ltd., a consulting and marketing firm.

The EDC is a Crown corporation that operates as a commercial financial institution and, since 1944, has helped Canadian businesses grow and prosper through exports and international investment. EDC's trade finance solutions help exporters compete in more than 200 countries, including higher-risk and emerging markets.

In 1998, the EDC supported $34.8 billion in sales and foreign investment by Canadian exporters, exceeding virtually all of its performance targets.

The appointments are effective immediately.

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For further information, media representatives may contact:

Sylvie Bussières

Office of the Minister for International Trade

(613) 992-7332

Media Relations Office

Department of Foreign Affairs and International Trade

(613) 995-1874


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Last Updated:
2005-04-15
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