Ontario Construction News staff writer
After three years on the job, CEO Ehren Cory announced that he is leaving IO in the spring for a job in the private sector.
“On behalf of the Government of Ontario, I would like to thank Ehren Cory for his outstanding service to the people of Ontario as the CEO of Infrastructure Ontario,” Laurie Scott, Minister of Infrastructure said in a statement.
“While his appointment was set to expire next month, he has agreed to stay on until April 30. This will allow time for our Government and IO’s Board of Directors to put in place next steps.”
Infrastructure Ontario is internationally recognized for its track record in successfully delivering large, complex projects. Its lending program has advanced more than $10 billion in affordable, long-term financing to municipalities, universities and other eligible public sector and non-profit organizations. The mandate also includes modernizing and enhancing the government real estate portfolio through asset planning, facilities contract management, and real estate advisory services.
“I am proud of the strong leadership that Mr. Cory has provided since our government was elected in 2018,” Scott said in a statement. “Under his watch, IO has continued to grow its impact and value as a Government agency and has successfully delivered billions of dollars of public infrastructure that is critical to the lives of the people of Ontario.”
The minister said Ehren was critical to ensuring that IO is well positioned to succeed on the next generation of infrastructure projects, including the hospitals, roads, courthouses and subway projects on the $65B “P3 Pipeline” announced last fall – the largest in Ontario’s history.
“On a personal note, I would like to thank Ehren for being a trusted partner and advisor as I took on the privilege of serving as Ontario’s Minister of Infrastructure. His in-depth knowledge of Ontario’s infrastructure market and ability to bring a private sector perspective to government has been indispensable.”