Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Elizabeth A. Wademan as the new President and CEO of the Canada Development Investment Corporation (CDEV) for a five-year term, beginning on March 28, 2022.

“I would like to congratulate Ms. Wademan for taking on this leadership role at a key Crown corporation that provides long-term vision for and management of key Canadian assets and investments. Ms. Wademan’s extensive experience in capital markets and strategic advisory will serve CDEV exceptionally well in its mandate of managing certain assets and investments on behalf of Canadians.”

- The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

• CDEV was established in 1982 under the Canada Business Corporations Act.

• Operating at arm’s length from government, CDEV is a holding company with a portfolio of assets and investments held by the Government of Canada, on behalf of all Canadians.

• The appointee was identified as part of an open, transparent and merit-based selection process. In 2016, the Government of Canada implemented this method for selecting Governor in Council appointees. Appointees play a fundamental role in Canada’s democracy by serving on commissions, boards, Crown corporations, agencies and tribunals across the country.

Related products

• Biographical Notes

Associated links

• Canada Development Investment Corporation

Media may contact:

Adrienne Vaupshas
Press Secretary
Office of the Deputy Prime Minister and Minister of Finance
Adrienne.Vaupshas@fin.gc.ca

Media Relations
Department of Finance Canada
mediare@fin.gc.ca
613-369-4000

General enquiries

Phone: 1-833-712-2292
TTY: 613-369-3230
E-mail: financepublic-financepublique@fin.gc.ca

Stay connected

Twitter : @financecanada
RSS