NSBI Announces Appointment of Interim CEO

Jul 22, 2013

The board of directors of Nova Scotia Business Inc. (NSBI) announced today that NSBI Board member Ron Smith has been named interim chief executive officer of NSBI while a search for a permanent CEO takes place.

Ron_215x215 “Ron’s demonstrated leadership capabilities together with his knowledge of the workings of NSBI through his tenure on the NSBI Board make him an ideal candidate to lead the organization while the search for a permanent CEO is completed,” said Janice Stairs, Chair of the NSBI Board of Directors. “The Board is very pleased that Ron has agreed to take on this interim role.”

“Over the coming weeks, I will work with NSBI’s current President and CEO, Stephen Lund, to ensure an orderly transition prior to Mr. Lund’s departure in early August,” said Ron Smith.

Mr. Smith has held various senior executive roles such as chief financial officer of Maritime Tel and Tel Ltd. and senior vice-president and chief financial officer of Emera Inc.

Along with serving as a member of the NSBI board of directors since September 2011,   Mr. Smith is the past chair and a current member of the Board of Governors for Acadia University, and also serves on the boards of AuRico Gold Inc. and PRO Real Estate Investment Trust, both listed on the Toronto Stock Exchange.

Mr. Smith has previously served on the Canada Pension Plan Investment Board and the Canadian Accounting Standards Oversight Council. He is the former national president of the Canadian Association for Community Living and the former chair of the Atlantic Provinces Economic Council.

Nova Scotia Business Inc. is the province's private-sector-led business development agency. Through trade development, investment attraction, business financing and venture capital, NSBI assists local companies and attracts international companies to Nova Scotia.