Sam Duboc named chair of BDC’s board of directors

Sam Duboc has been named the new chair of the board of directors of the Business Development Bank of Canada (BDC). A senior private equity professional, and founder, president and managing partner of Edgestone Capital Partners, Duboc has recently been the Clifford Clark Visiting Economist at the federal Department of Finance. In the latter role, he has been the federal government’s top adviser on the $400 million Venture Capital Action Plan, announced in early 2013. BDC offers financing, subordinate financing, venture capital and consulting services to 28,000 small and medium-sized Canadian businesses.

PRESS RELEASE

Industry Minister James Moore Announces Appointment of Samuel L. Duboc as Chair of the Business Development Bank of Canada

Ottawa, November 15, 2013—The Honourable James Moore, Minister of Industry and Minister responsible for the Business Development Bank of Canada (BDC), today announced the appointment of Samuel L. Duboc as Chair of the Board of Directors of the BDC.

“Mr. Duboc has a wealth of knowledge and experience in Canada’s business development community, which makes him well qualified for chairmanship of the BDC,” said Minister Moore. “He has proven himself to be one of our country’s foremost investment and venture capital experts, advising the Minister of Finance on the design and implementation of Canada’s Venture Capital Action Plan. His passion for entrepreneurship and his leadership align well with the BDC’s mission of helping create and develop successful businesses.”

Mr. Duboc is completing his term as the Clifford Clark Visiting Economist at the Department of Finance Canada in order to ensure a smooth transition of his responsibilities with respect to Canada’s Venture Capital Action Plan. He is the Founder, President and Managing Partner of EdgeStone Capital Partners. He previously served as Managing Director at CIBC Capital Partners and co-founded and developed Loyalty Management Group Canada Inc., owner and operator of the AIR MILES Reward Program.

An active and dedicated community member, Mr. Duboc also serves as chair for a number of not-for-profit organizations, including Pathways to Education Canada and the Pecaut Centre for Social Impact.

Mr. Duboc holds a Bachelor of Science in Chemical Engineering from Tufts University and a Master of Business Administration from the Harvard Graduate School of Business Administration.

The Business Development Bank of Canada puts entrepreneurs first. With almost 2,000 employees and more than 100 business centres across the country, BDC offers financing, subordinate financing, venture capital and consulting services to 28,000 small and medium-sized companies. Their success is vital to Canada’s economic prosperity. For more information about Canada’s business development bank, visit the BDC website.

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For further information (media only), please contact:

Jake Enwright
Press Secretary
Office of the Honourable James Moore
Minister of Industry
613-995-9001

Media Relations
Industry Canada
613-943-2502
1-800-328-6189
media-relations@ic.gc.ca

Maria Constantinescu
Public Relations
Business Development Bank of Canada
514-496-7146
maria.constantinescu@bdc.ca

Photo of Sam Duboc courtesy of federal Department of Finance.