TORONTO, Jan. 7, 2013 /CNW/ - Robert Howald has been named acting President and Chief Executive Officer of Canada Lands Company assuming the position held by the departing Mark Laroche. The announcement was made today by Grant B. Walsh, Chairman of Canada Lands Company Limited Board of Directors.
With over a decade of experience at Canada Lands, Howald is an experienced and seasoned executive currently serving as the company's Senior Vice President, Real Estate. In his role, he is responsible for managing the acquisition and development of a portfolio of real estate properties.
This appointment follows the recent announcement by the Government of Canada giving Canada Lands the mandate to amalgamate its two subsidiaries, namely Parc Downsview Park in Toronto and the Old Port of Montréal Corporation into its operations.
"We are incredibly fortunate to have an individual like Mr. Howald at Canada Lands who is more than capable of stepping seamlessly into this acting role," said Walsh. "The entire organization is confident and comfortable with Robert providing a steady and experienced hand during this transitional period for Canada Lands".
Since its inception in 1995, CLC has contributed over $1-billion to the Government of Canada as payment for properties, elimination of carrying costs, payment of taxes and declarations of dividends.
Canada Lands Company Limited is a self-financing federal Crown corporation that optimizes the economic and community value obtained from surplus properties which are no longer required by its sole shareholder, the Government of Canada. It is also a demonstrated leader in tourism management with its operations of the CN Tower in Toronto and the Old Port of Montréal.
SOURCE Canada Lands Company
Image with caption: "Robert Howald (CNW Group/Canada Lands Company)". Image available at: http://photos.newswire.ca/images/download/20130107_C3911_PHOTO_EN_22288.jpg