GMP Capital has announced the retirement of Stanley M. Beck as chairman of the board of directors, after eight years in that role. His retirement is effective May 4, 2012, the date of GMP’s annual and special meeting of common shareholders.
“It has been a privilege to have served as cairman of an exceptional franchise and to have worked with a devoted board. I thank all employees and shareholders for their continued support and trust they place in GMP,” Beck said.
The board intends to appoint Donald A. Wright as chairman immediately after the meeting, following his re-election to the board. He has been an independent director of the board since 2004.
“On behalf of my fellow directors, I thank Stanley for his leadership, commitment and dedication to GMP as its chairman over the last eight years,” Wright said. “I am honoured by the board’s confidence and look forward to continuing to work with them and the management team as GMP enters the next exciting phase of its evolution.”
Wright is currently president and CEO of The Winnington Capital Group Inc. and has over 30 years of experience in the investment industry.
He has held a number of leadership positions, including president of Merrill Lynch Canada, executive vice-president, director and member of the executive committee of Burns Fry Ltd., chairman and CEO of TD Securities Inc. and deputy chairman of TD Bank Financial Group.