|By Marketwire .||
|October 24, 2012 12:40 PM EDT||
TORONTO, ONTARIO -- (Marketwire) -- 10/24/12 --
Editors Note: There is a photo associated with this press release.
Michael Nobrega, President and CEO of OMERS, has been appointed Chair of Ontario Centres of Excellence (OCE) Board of Directors. The two-year appointment was confirmed by the board at its Annual General Meeting on Oct. 23.
Mr. Nobrega has served on the board since 2007 and replaces outgoing board chair Sean Conway who had held the position since 2010.
"It's an honour to be named Chair of OCE's Board," Mr. Nobrega said. "OCE has firmly established itself as a leader in innovation, collaboration and business excellence and I'm looking forward to chairing the board as we create new opportunities to grow Ontario's economy and find more ways to expand the commercialization of research."
Mr. Nobrega was appointed President and CEO of OMERS in 2007 after serving as President and CEO of Borealis Infrastructure, a wholly-owned subsidiary of OMERS, from 1998-2007.
Mr. Nobrega holds an Honours BA from the University of Toronto and a chartered accountancy designation from the Institutes of Chartered Accountants of Ontario and Canada. He is former tax partner of Arthur Andersen. In 2009, he was named a Fellow of The Institute of Chartered Accounts of Ontario and, in 2002, he received the Arbor Award from the University of Toronto for outstanding community service.
The Board of Directors is responsible for the overall governance of OCE and is composed of distinguished individuals drawn from the Canadian business, research and professional communities.
Mr. Conway, a former Ontario Cabinet Minister and public policy advisor who has served on the OCE Board since 2004, said he is proud to have served on the board.
"OCE is critical to helping Ontario become a world-leader in new technologies and a key player in the knowledge economy," he said. "I am confident the new board, under Mr. Nobrega's leadership, will continue to both move OCE forward and enhance the province's prosperity."
OCE President and CEO Dr. Tom Corr thanked Mr. Conway for his years of service with the board and looked forward to welcoming Mr. Nobrega as Chair.
"We have some amazing things happening at OCE that are a testament to Mr. Conway's leadership," said Dr. Corr. "Mr. Nobrega's experience and expertise both professionally and with OCE will be an incredible asset to the board going forward."
About Ontario Centres of Excellence (OCE) Inc. (www.oce-ontario.org)
Ontario Centres of Excellence (OCE) Inc. drives the commercialization of cutting-edge research across key market sectors to build the economy of tomorrow and secure Ontario's global competitiveness. In doing this, OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario's industry, universities, colleges, research hospitals, investors and governments. A champion of leading-edge technologies, best practices and research, Ontario Centres of Excellence invests in sectors such as advanced health, digital media and information communications, advanced manufacturing and materials, and cleantech including energy, environment and water. OCE through its Centre for Commercialization of Research (CCR), an initiative supported by the federal government, also acts as a catalyst which allows innovative businesses to grow and achieve sustainable commercial success and global competitiveness. Ontario Centres of Excellence is a key partner in delivering Ontario's Innovation Agenda as a member of the province's Ontario Network of Excellence (ONE). Funded by the Government of Ontario, the ONE is Ontario's innovation system. The ONE is made up of regional and sector focused organizations designed to help Ontario-based entrepreneurs rapidly grow their companies, and create jobs. For more information visit www.oneinnovation.ca.
To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20121024-Nobrega_MichaelxLRG.jpg.