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Donald A. Stewart, Former Chief Executive of Sun Life Financial Inc. Assumes Chairmanship of The Canada India Business Council


Leadership Change Represents An Increased Business Focus for the Council

Toronto, Ontario (PRWEB) October 31, 2012

The Canada-India Business Council (C-IBC) is pleased to announce that beginning December 1, 2012, Don Stewart the recently retired CEO of Sun Life Financial Inc. will assume as the Chairmanship of The C-IBC.

Mr. Stewart will be taking over from the Hon. Roy_MacLaren P.C. who held the position for 10 years.

Mr. Stewart is recognized for his corporate leadership and expertise. He recently stepped down after 13 years as the Chief Executive of Sun Life Financial Inc., which has been operating a successful financial services joint venture with India's Aditya Birla Group for over a decade. Don also serves on the boards of leading aluminum products company Novelis Inc., Birla Sun Life Insurance Company and Birla Sun Life Asset Management Company in India and is chairman of the federal – provincial nominating committee of the Canada Pension Plan Investment Board.

“Don's business acumen, leadership and sterling reputation in both countries will be of immense value to the Council as it continues to expand its reach and impact promoting bilateral trade and investment.” said Peter Sutherland, Vice Chairman, The Canada-India Business Council

“As the C-IBC celebrates its 30th anniversary, Don Stewart's arrival as Chairman elevates the Canada-India commercial relationship to the next level, building on the momentum set by Roy MacLaren who amongst his achievements, planted the seed for a comprehensive Canada-India free trade agreement. Don's global experience and relationships make him singularly well equipped to provide the leadership for the next generation.” said Rana Sarkar, President & CEO of the Canada-India Business Council

"I am very much looking forward to working with Rana and The C-IBC Board to sustain the Council's mission" said Don Stewart. "Canada and Canadians need to seize more opportunities to engage with India and the Council has a key role to play in ensuring these are fulfilled."

About The Canada India Business Council:
The Canada-India Business Council (C-IBC) was founded in 1982 by the Bank of Nova Scotia, Bombardier and the late Thomas Bata. For almost 30 years, C-IBC has been the leading, bi-national member driven association dedicated to the sustained growth of trade, investment and services between Canada and India. C-IBC works to assist Canadian corporations by offering knowledge, experience and insight on bilateral trade and investment opportunities. With over 100 members, the C-IBC represents the leading companies in the Canada-India business corridor.

C-IBC is governed nationally by a Board of Directors which is comprised of senior executives from Canada's leading organizations as well as leaders from both small and medium-sized enterprises. C-IBC is headquartered in Toronto with operations in Delhi, Vancouver and Montreal.

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