Ontario Nominates Bonnie Brooks As New LCBO Board Chair

July 27, 2016 | Ministry of Finance

Experienced Leader Would Spearhead Retail Modernization and Innovation

Charles Sousa, Minister of Finance, has nominated Bonnie Brooks as the new Chair of the Liquor Control Board of Ontario (LCBO). Subject to confirmation by the Lieutenant Governor in Council, the appointment would be effective August 28, 2016.

Ms. Brooks was President of Hudson's Bay Company from January 2012 to 2014 and Chief Executive Officer from September 2008 to 2012. She has more than 30 years of executive leadership experience in media, marketing and merchandising. Currently, Ms. Brooks is Vice-Chairman of Hudson's Bay Company, a position she has held since February 2014 and she also serves as Director.

Ms. Brooks holds an MBA from the Richard Ivey School of Business at the University of Western Ontario, two honorary Doctorate Degrees (L.L.D.) from the University of Guelph and Doctor of Civil Law (D.C.L.) from St. Mary's University, Halifax.

Her senior leadership experience, including driving modernization efforts for major Canadian brands and organizations, would support the LCBO as it embarks on new initiatives and services, including e-commerce, and strengthen its ability to generate revenue for Ontarians, funding key public services such as health care and education.

An innovative, successful LCBO is part of the government's economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest infrastructure investment in hospitals, schools, roads, bridges and transit in Ontario's history and is investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.

 QUICK FACTS

•             Ms. Brooks has been recognized as one of the Top 25 Retailers worldwide by Monocle Magazine, was named by Fast Company Magazine USA as one of the world's 100 Most Creative People in Business and in 2011 was recognized by the Women's Executive Network as one of Canada's Top 100 Most Powerful Women.

•             In 2013 and 2014, Ms. Brooks was named by Canadian Business Magazine as one of the 50 Most Powerful Business People in Canada.

•             2015-16 was another record year for LCBO, with sales of $5.57 billion, a year-over-year increase of 6.8 per cent.

•             The dividend in 2015-16 from LCBO to Ontario was $1.935 billion, $130 million more than the prior year.

•             Ontario is committed to social responsibility, including responsible retailing and consumption of beverage alcohol. The government is also working to develop a comprehensive alcohol policy to support the safe and responsible consumption of alcohol.

 QUOTES

"Ms. Brooks’ nomination as LCBO’s new Chair reflects her incredible track record. She is an accomplished and visionary business leader. Her business acumen in retail and marketing will help lead the LCBO as it continues to provide Ontario consumers with an innovative, competitive and convenient shopping experience in a socially responsible way."   — Charles Sousa, Minister of Finance

 "I am honoured to be selected as the next Chair of the LCBO. This is a tremendous opportunity to build on the great work that has already been done, and to take this exciting retail powerhouse to the next level through ongoing and new modernization, by enhancing the retail and online experience, and by adapting to the changing marketplace – including our new role as wholesaler to grocers. In so doing, we will continue to deliver strong financial returns to the Province while ensuring we uphold the highest standards in social responsibility."  — Bonnie Brooks,