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Wikipedia

W. Edmund Clark

William Edmund "Ed" Clark (born October 10, 1947) is the former president and chief executive officer of TD Bank Group. Clark was appointed to this role on December 20, 2002. Prior to this appointment, he was president and chief operating officer of TD Bank Group, a role he held since July 2000. On April 3, 2013, Clark announced his intention to retire as president and CEO effective November 1, 2014 at age 67, after 12 years as CEO. After his retirement, Clark worked as an adviser for Ontario Premier Kathleen Wynne and helped introduce beer and wines into grocery stores and partially privatize the electricity distribution company Hydro One. Currently Clark is Chair of the Vector Institute in Toronto, which he helped to start.

William Edmund "Ed" Clark
Born (1947-10-10)October 10, 1947 (age 74)
NationalityCanadian
Other namesEd Clark
EducationUniversity of Toronto (B.A.), Harvard University ( Phd )
OccupationFormer Chief Executive
Known forGroup President and Chief Executive Officer of TD Bank Group
Awards#47 on Harvard Business Review's 100 Best Performing CEOs in the World (2014)

Canadian Business Hall of Fame (2016) Barron's magazine World's 30 Best CEOs (2012 & 2013) Ivey Business Leader of the Year by the Richard Ivey School of Business at the University of Western Ontario (2011) GTA Association of Fundraising Professionals (AFP) "Outstanding Philanthropist" award (2011) Canada's Outstanding CEO of the Year (2010) Order of Canada (2010) Egale's Leadership Award (2010)

Catalyst Canada Honour (2010)[citation needed]

Contents

Clark graduated from the University of Toronto in 1969 with a Bachelor of Arts degree. He earned his master's degree and doctorate in economics from Harvard University in 1971 and 1974 respectively.

Before banking

From 1974 to 1984, Clark held a number of senior positions in the federal government. This included helping to develop the National Energy Program. In 1982, he won the Outstanding Civil Servant of the Year award. He was fired in 1985 upon change of government.

Banking career

In 1985, he joined Merrill Lynch, and three years later was appointed chairman and chief executive officer of Morgan Financial Corporation. He joined Canada Trust Financial Services Inc. in 1991, rising to president and chief executive officer in 1994 , a position he held until 2000.

Following TD's acquisition of Canada Trust Financial Services in February 2000, Clark joined TD Bank Group as chairman and chief executive officer of TD Canada Trust. In this role, he oversaw the successful integration of the TD and Canada Trust banking operations. Clark then became president and chief operating officer of TD Bank Group in July 2000, and became president and chief executive officer of TD Bank Group on December 20, 2002 upon the retirement of A. Charles Baillie as chairman and chief executive officer while John W. Thompson was appointed as non-executive chairman. Clark is credited with turning the TD bank into a North American powerhouse in retail banking while avoiding the problems which hurt other banks in the 2008 financial crisis.

On April 3, 2013, Clark announced his intention to retire as president and CEO effective November 1, 2014 at age 67, after 12 years as CEO. On November 1, 2014, Clark was succeeded in these roles by chief operating officer Bharat Masrani.

After TD

Under the Wynne government in 2015, Clark worked as an adviser and helped partially privatize Hydro One , the electrical distribution company.

Clark reformed the Alcohol and Gaming Commission of Ontario and the Liquor Licence Act to allow six-packs of beer to be sold in Ontario grocery stores. The reforms also ensured better access for craft brewers to the beer store and opened up grocery stores to sell wine in a manner which helped small Ontario wineries and craft brewers.[citation needed]

Clark authored a report on e health which outlined an approach to improving Ontario’s health care system, lowering costs and improving outcomes.[citation needed]

Until the deal closed on June 30, 2017, Clark was also instrumental in helping US Steel's subsidiary Stelco emerge from bankruptcy under new owners Bedrock Industries and save 2500 jobs and reinforce pensions for more than 10,000 pensioners.

Clark was Chairman of the LCBO and helped oversee the Ontario Cannabis Store, the crown corporation set up to sell cannabis legally. He agreed to stay on to support the new government led by Doug Ford during the transition. He resigned effective August 30, 2018.[citation needed]

Clark is a significant philanthropist and supports a number of social agencies. He has been a major donor to the United Way and was the 2010 Cabinet Chair for United Way Toronto. Clark was a member of the Chair's Advisory Council for Habitat for Humanity Toronto and has been a lead supporter. He is a strong supporter of Fife House Foundation, a provider of supportive housing and support services. Clark also supports to WoodGreen Community Services, an organization that delivers programs to build sustainable communities in the Toronto area and has been a lead donor to Homeward Bound , a programme to help single mothers get a post secondary education and permanent jobs . Clark has been a strong advocate on behalf of the LGBT community and a lead donor for Friends of Ruby, an organization supporting LGBT youth on the street with counseling and transition housing. He has been chair of the advisory board for the School of Public Policy and Governance at the University of Toronto and a major donor to the university. Clark has also been a donor to a number of hospitals.[citation needed]

In 2014, Clark was elected to the board of trustees of US public policy organization the Brookings Institution. He was also appointed chair of the Premier's Advisory Council on Government Assets by Premier Kathleen Wynne.

Clark has received honorary degrees from Mount Allison University, Queen's University, the University of Western Ontario, University of Toronto, York University, and Ryerson University.[citation needed]

In 2010 Clark was appointed to the Order of Canada for his "contributions to Canada's banking and financial industry, and for his voluntary and philanthropic endeavours". Clark also received Egale's Leadership Award in honour of his leadership in supporting LGBT communities, and the inaugural Catalyst Canada Honour, awarded to individuals who have made a critical and visible difference to women's advancement. Clark was also named Canada's Outstanding CEO of the Year in 2010 and again for CEO of the year in 2013 by a different selection group.

In 2011, Clark was named Ivey Business Leader of the Year by the Richard Ivey School of Business at the University of Western Ontario. That same year, he was acknowledged by GTA Association of Fundraising Professionals (AFP) with the "2011 Outstanding Philanthropist" award. In 2012 and 2013, Clark was selected by Barron's magazine as one of the world's 30 best CEOs. Then in October 2014, the Harvard Business Review named Clark on its list of the 100 Top Performing CEOs in the World, ranking him #47. In 2016 Clark was inducted into the Canadian Business Hall of Fame. In 2017 he received the Canadian Dealmakers Award.

Clark and his wife Fran live in Toronto; they have four grown children and twelve grandchildren.[citation needed]

Clark has been asked to speak at a number of prominent international events on a wide range of topics, including the Canadian economy, the banking industry, leadership values, and the importance of creating a diverse and inclusive culture in the workplace. The following is a selection of his remarks:

  • "The Shift in Leadership" - Remarks at Canada's Outstanding CEO Award Dinner, Toronto, ON. February 17, 2011
  • "Preserving The Things That Matter In A World Of Constrained Resources" - Remarks at the Ivey Business Leader Award Dinner, Toronto, ON. October 19, 2011
  • "Building a Better Banking System for America" - Remarks delivered at the Chief Executives' Club of Boston, Boston College, Boston. April 26, 2012
  • "Somewhere over the rainbow: a CEO's perspective on building an inclusive company" - Remarks delivered at the Economic Club of Canada coinciding with the WorldPride Human Rights Conference, Toronto, ON. June 25, 2014.
  • "Final Major Address as TD's CEO" - Remarks delivered at the Empire Club of Canada, Toronto, September 16, 2014
  • “AI is Working” at the Canadian Club in Toronto, ON. December 13, 2018
  1. "Executive Profile-W. Edmund Clark". Businessweek. RetrievedFebruary 8, 2013.
  2. "TD Bank Group President and CEO Ed Clark to Retire". TD Bank Group. RetrievedSeptember 30, 2014.
  3. Benzie, Robert (April 5, 2016). "Hydro One's new share offer should raise $1.7B". The Toronto Star.
  4. "Aims to produce the world's largest number of deep learning graduates". March 30, 2017.
  5. "How TD's 'Red Ed' Clark became a force in Canada". The Globe and Mail. April 3, 2013. RetrievedApril 24, 2017.
  6. "TD's power of persuasion". RetrievedAugust 14, 2019.
  7. "Executive Profile-W. Edmund Clark". Businessweek. RetrievedFebruary 8, 2013.
  8. "TD Bank Group President and CEO Ed Clark to Retire". TD Bank Group. RetrievedSeptember 30, 2014.
  9. Benzie, Robert (April 5, 2016). "Hydro One's new share offer should raise $1.7B". The Toronto Star.
  10. "Stelco emerges from bankruptcy protection after nearly 3 years". CBC. June 30, 2017.
  11. "Bedrock Industries Completes Acquisition of Stelco". CNW Group Ltd. June 30, 2017.
  12. "Court Sanctions Stelco (U. S. Steel Canada) Plan of Arrangement and Transaction with Bedrock". PR Newswire Association LLC. June 9, 2017.
  13. "Brookings Announces New Trustees". the Brookings Institution. November 30, 2001. RetrievedJune 5, 2014.
  14. "Premier's Advisory Council on Government Assets". the Government of Ontario. RetrievedOctober 15, 2014.
  15. "W. Edmund Clark Distinguished Lecture Series on Public Policy". Queen's University. RetrievedMarch 18, 2013.
  16. "Governor General announces 74 new appointments to the Order of Canada". The Governor General of Canada. RetrievedJune 17, 2013.
  17. "The Best-Performing CEOs in the World". The Harvard Business Review. RetrievedOctober 15, 2014.
  18. "The Shift in Leadership". td.com. TD Bank Group. RetrievedOctober 15, 2014.
  19. "Preserving The Things That Matter In A World Of Constrained Resources". td.com. TD Bank Group. RetrievedOctober 15, 2014.
  20. "Building a Better Banking System for America". td.com. TD Bank Group. RetrievedOctober 15, 2014.
  21. "Somewhere over the rainbow: a CEO's perspective on building an inclusive company". td.com. TD Bank Group. RetrievedOctober 15, 2014.
  22. "Final Major Address as TD's CEO". td.com. TD Bank Group. RetrievedOctober 15, 2014.
  23. "AI is Working". vectorinstitute.ai. Vector Institute. December 13, 2018. RetrievedJanuary 14, 2019.
Business positions
Preceded by
A. Charles Baillie
Toronto-Dominion Bank CEO
2002-present

Compensation for 2009: $15,188,391

Succeeded by

W. Edmund Clark
edmund, clark, article, talk, language, watch, edit, william, edmund, clark, born, october, 1947, former, president, chief, executive, officer, bank, group, clark, appointed, this, role, december, 2002, prior, this, appointment, president, chief, operating, of. W Edmund Clark Article Talk Language Watch Edit William Edmund Ed Clark born October 10 1947 is the former president and chief executive officer of TD Bank Group Clark was appointed to this role on December 20 2002 Prior to this appointment he was president and chief operating officer of TD Bank Group a role he held since July 2000 1 On April 3 2013 Clark announced his intention to retire as president and CEO effective November 1 2014 at age 67 after 12 years as CEO 2 After his retirement Clark worked as an adviser for Ontario Premier Kathleen Wynne and helped introduce beer and wines into grocery stores and partially privatize the electricity distribution company Hydro One 3 Currently Clark is Chair of the Vector Institute in Toronto 4 which he helped to start William Edmund Ed ClarkBorn 1947 10 10 October 10 1947 age 74 Toronto OntarioNationalityCanadianOther namesEd ClarkEducationUniversity of Toronto B A Harvard University Phd OccupationFormer Chief ExecutiveKnown forGroup President and Chief Executive Officer of TD Bank GroupAwards 47 on Harvard Business Review s 100 Best Performing CEOs in the World 2014 Canadian Business Hall of Fame 2016 Barron s magazine World s 30 Best CEOs 2012 amp 2013 Ivey Business Leader of the Year by the Richard Ivey School of Business at the University of Western Ontario 2011 GTA Association of Fundraising Professionals AFP Outstanding Philanthropist award 2011 Canada s Outstanding CEO of the Year 2010 Order of Canada 2010 Egale s Leadership Award 2010 Catalyst Canada Honour 2010 citation needed Contents 1 Education 2 Career 2 1 Before banking 2 2 Banking career 2 3 After TD 3 Appointments and community involvement 4 Recognition 5 Family 6 Speeches 7 References 8 External linksEducation EditClark graduated from the University of Toronto in 1969 with a Bachelor of Arts degree He earned his master s degree and doctorate in economics from Harvard University in 1971 and 1974 respectively Career EditBefore banking Edit From 1974 to 1984 Clark held a number of senior positions in the federal government This included helping to develop the National Energy Program In 1982 he won the Outstanding Civil Servant of the Year award 5 He was fired in 1985 upon change of government 6 Banking career Edit In 1985 he joined Merrill Lynch and three years later was appointed chairman and chief executive officer of Morgan Financial Corporation He joined Canada Trust Financial Services Inc in 1991 rising to president and chief executive officer in 1994 a position he held until 2000 Following TD s acquisition of Canada Trust Financial Services in February 2000 Clark joined TD Bank Group as chairman and chief executive officer of TD Canada Trust In this role he oversaw the successful integration of the TD and Canada Trust banking operations Clark then became president and chief operating officer of TD Bank Group in July 2000 and became president and chief executive officer of TD Bank Group on December 20 2002 upon the retirement of A Charles Baillie as chairman and chief executive officer while John W Thompson was appointed as non executive chairman 7 Clark is credited with turning the TD bank into a North American powerhouse in retail banking while avoiding the problems which hurt other banks in the 2008 financial crisis On April 3 2013 Clark announced his intention to retire as president and CEO effective November 1 2014 at age 67 after 12 years as CEO 8 On November 1 2014 Clark was succeeded in these roles by chief operating officer Bharat Masrani After TD Edit Under the Wynne government in 2015 Clark worked as an adviser and helped partially privatize Hydro One the electrical distribution company 9 Clark reformed the Alcohol and Gaming Commission of Ontario and the Liquor Licence Act to allow six packs of beer to be sold in Ontario grocery stores The reforms also ensured better access for craft brewers to the beer store and opened up grocery stores to sell wine in a manner which helped small Ontario wineries and craft brewers citation needed Clark authored a report on e health which outlined an approach to improving Ontario s health care system lowering costs and improving outcomes citation needed Until the deal closed on June 30 2017 Clark was also instrumental in helping US Steel s subsidiary Stelco emerge from bankruptcy under new owners Bedrock Industries and save 2500 jobs and reinforce pensions for more than 10 000 pensioners 10 11 12 Clark was Chairman of the LCBO and helped oversee the Ontario Cannabis Store the crown corporation set up to sell cannabis legally He agreed to stay on to support the new government led by Doug Ford during the transition He resigned effective August 30 2018 citation needed Appointments and community involvement EditClark is a significant philanthropist and supports a number of social agencies He has been a major donor to the United Way and was the 2010 Cabinet Chair for United Way Toronto Clark was a member of the Chair s Advisory Council for Habitat for Humanity Toronto and has been a lead supporter He is a strong supporter of Fife House Foundation a provider of supportive housing and support services Clark also supports to WoodGreen Community Services an organization that delivers programs to build sustainable communities in the Toronto area and has been a lead donor to Homeward Bound a programme to help single mothers get a post secondary education and permanent jobs Clark has been a strong advocate on behalf of the LGBT community and a lead donor for Friends of Ruby an organization supporting LGBT youth on the street with counseling and transition housing He has been chair of the advisory board for the School of Public Policy and Governance at the University of Toronto and a major donor to the university Clark has also been a donor to a number of hospitals citation needed In 2014 Clark was elected to the board of trustees of US public policy organization the Brookings Institution 13 He was also appointed chair of the Premier s Advisory Council on Government Assets by Premier Kathleen Wynne 14 Recognition EditClark has received honorary degrees from Mount Allison University Queen s University 15 the University of Western Ontario University of Toronto York University and Ryerson University citation needed In 2010 Clark was appointed to the Order of Canada for his contributions to Canada s banking and financial industry and for his voluntary and philanthropic endeavours 16 Clark also received Egale s Leadership Award in honour of his leadership in supporting LGBT communities and the inaugural Catalyst Canada Honour awarded to individuals who have made a critical and visible difference to women s advancement Clark was also named Canada s Outstanding CEO of the Year in 2010 and again for CEO of the year in 2013 by a different selection group In 2011 Clark was named Ivey Business Leader of the Year by the Richard Ivey School of Business at the University of Western Ontario That same year he was acknowledged by GTA Association of Fundraising Professionals AFP with the 2011 Outstanding Philanthropist award In 2012 and 2013 Clark was selected by Barron s magazine as one of the world s 30 best CEOs Then in October 2014 the Harvard Business Review named Clark on its list of the 100 Top Performing CEOs in the World ranking him 47 17 In 2016 Clark was inducted into the Canadian Business Hall of Fame In 2017 he received the Canadian Dealmakers Award Family EditClark and his wife Fran live in Toronto they have four grown children and twelve grandchildren citation needed Speeches EditClark has been asked to speak at a number of prominent international events on a wide range of topics including the Canadian economy the banking industry leadership values and the importance of creating a diverse and inclusive culture in the workplace The following is a selection of his remarks The Shift in Leadership 18 Remarks at Canada s Outstanding CEO Award Dinner Toronto ON February 17 2011 Preserving The Things That Matter In A World Of Constrained Resources 19 Remarks at the Ivey Business Leader Award Dinner Toronto ON October 19 2011 Building a Better Banking System for America 20 Remarks delivered at the Chief Executives Club of Boston Boston College Boston April 26 2012 Somewhere over the rainbow a CEO s perspective on building an inclusive company 21 Remarks delivered at the Economic Club of Canada coinciding with the WorldPride Human Rights Conference Toronto ON June 25 2014 Final Major Address as TD s CEO 22 Remarks delivered at the Empire Club of Canada Toronto September 16 2014 AI is Working 23 at the Canadian Club in Toronto ON December 13 2018References Edit Executive Profile W Edmund Clark Businessweek Retrieved February 8 2013 TD Bank Group President and CEO Ed Clark to Retire TD Bank Group Retrieved September 30 2014 Benzie Robert April 5 2016 Hydro One s new share offer should raise 1 7B The Toronto Star Aims to produce the world s largest number of deep learning graduates March 30 2017 How TD s Red Ed Clark became a force in Canada The Globe and Mail April 3 2013 Retrieved April 24 2017 TD s power of persuasion Retrieved August 14 2019 Executive Profile W Edmund Clark Businessweek Retrieved February 8 2013 TD Bank Group President and CEO Ed Clark to Retire TD Bank Group Retrieved September 30 2014 Benzie Robert April 5 2016 Hydro One s new share offer should raise 1 7B The Toronto Star Stelco emerges from bankruptcy protection after nearly 3 years CBC June 30 2017 Bedrock Industries Completes Acquisition of Stelco CNW Group Ltd June 30 2017 Court Sanctions Stelco U S Steel Canada Plan of Arrangement and Transaction with Bedrock PR Newswire Association LLC June 9 2017 Brookings Announces New Trustees the Brookings Institution November 30 2001 Retrieved June 5 2014 Premier s Advisory Council on Government Assets the Government of Ontario Retrieved October 15 2014 W Edmund Clark Distinguished Lecture Series on Public Policy Queen s University Retrieved March 18 2013 Governor General announces 74 new appointments to the Order of Canada The Governor General of Canada Retrieved June 17 2013 The Best Performing CEOs in the World The Harvard Business Review Retrieved October 15 2014 The Shift in Leadership td com TD Bank Group Retrieved October 15 2014 Preserving The Things That Matter In A World Of Constrained Resources td com TD Bank Group Retrieved October 15 2014 Building a Better Banking System for America td com TD Bank Group Retrieved October 15 2014 Somewhere over the rainbow a CEO s perspective on building an inclusive company td com TD Bank Group Retrieved October 15 2014 Final Major Address as TD s CEO td com TD Bank Group Retrieved October 15 2014 AI is Working vectorinstitute ai Vector Institute December 13 2018 Retrieved January 14 2019 External links EditTD Financial Group s official website Forbes Profile on Ed Clark Habitat for Humanity Toronto s Chair s Advisory Council Successor at TD Best Performing CEOs Profile on TD Bank websiteBusiness positionsPreceded byA Charles Baillie Toronto Dominion Bank CEO 2002 present Compensation for 2009 15 188 391 Succeeded byBharat Masrani Retrieved from https en wikipedia org w index php title W Edmund Clark amp oldid 1049901831, wikipedia, wiki, book, books, library,

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