Corfe To Step Down as SLSMC President
Friday, September 3, 2010 at 12:01PM 
It was announced yesterday afternoon that Richard Corfe, who has led the Canadian St. Lawrence Seaway Management Corporation (SLSMC) as President and Chief Executive Officer since 1993 will step down in this November.
During his tenure, Corfe ably led the SLSMC through a period of change and challenge. Corfe spearheaded the modernization of the SLSMC's lock operations and developed plans to improve the Seaway's physical infrastructure. Corfe also made many significant efforts efforts to control SLSMC costs and to pass some of those savings along to Seaway users by freezing Seaway tools and offering toll incentives for new business.
Corfe will be replaced by Terence F. Bowles, who previously served as President and CEO of the Iron Ore Company of Canada from 2001 until earlier this year. Prior to that, he worked in various capacities with QIT Fer et Titane du Quebec, including five years as President from 1996 to 2001.
“We are very pleased to have someone with Terry Bowles experience and background to succeed Dick Corfe”, commented SLSMC Board Chairman Ian MacGregor, “and I would like to take this opportunity to recognize Dick’s contribution in what have been challenging times for the Seaway. He has agreed to make himself available to help his successor with the transition of responsibilities.”
Corfe's U.S. counterpart, Saint Lawrence Seaway Development Corporation Administrator Collister "Terry" Johnson Jr. said, "Dick Corfe has been a great partner in leading the the St. Lawrence Seaway. We certainly wish him well and I'm very happy that he graciously agreed to stay fully engaged through the transition period. His successor, Terry Bowles, comes very highly recommended and I look forward to working with him in the future."
The change at the top of the SLSMC's management structure is just one of number of significant changes to the Canadian Seaway entity's decision making team in recent months.
MacGregor, who is a director of Seaway Marine Transport and is Chairman of Golden Star Resources Ltd., has only been serving as the Board Chair for the past two weeks. On August 18, he replaced Guy Véronneau hwo left the SLSMC Board after serving as Chair for the past four years and previously serving as the SLSMc's President and CEO.
The SLSMC aslo took the opportunity yesterday to announce the appointment of Jonathan Bamberger who joined the Board of Directors on August 28th as the industry representative for the Corporation’s “other members”. Mr. Bamberger is the President of Toronto, ON-based Redpath Sugar Ltd. and is Vice President, Commodities, American Sugar Refining Inc.
Earlier this year David L. Muir, FCA joined the Board of Directors as the representative of the Federal Government. Mr. Muir is a Senior Vice President for Collins Barrow Ottawa Management Consultants Inc.