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Québec unveils details
of ambitious Maritime Strategy

2015-06-29

Greg Wight, President and CEO of Algoma Central Corporation since 2008  recently announced to employees his plan to retire from the Corporation during the 1st quarter of  2015.
Mr. Wight joined the Marine Division of Algoma Central Railway in January 1980 as the Division's Controller. At that time, Algoma's Marine Division owned and operated 12 Great Lakes vessels and had revenues of $66 million.
Today, as CEO, Greg heads an organization that owns and operates 33 Great Lakes vessels and has interests in ocean shipping and real estate. In 2013 the Corporation reported revenues of $500 million.
Mr. Wight  rose steadily in the Company, holding a variety of financial roles, eventually moving to St. Catharines in 1996 following the sale of the Algoma Central Railway and the consolidation of the Company's marine operations in the city.
In addition to his responsibilities at Algoma and a number of positions with industry related organizations
"Come January, I will have been with Algoma for 35 years," Mr. Wight said "and I could not have asked for a better Company or group of people to work with. Algoma has risen to be the largest owner and operator of Canadian flag vessels on the Great Lakes - St. Lawrence Waterway. The Company prides itself on its contribution to the Canadian economy and on the role it plays in the communities in which employees live and work."
Mr. Wight continued, "Algoma is a very strong company that has been recognized as one of Canada's Best Managed Companies in both 2012 and 2013."
"Greg deserves tremendous praise for his contributions to the company", said Duncan Jackman, Chairman of the Board of Directors of Algoma.  "His leadership and focus have been so important to the success of Algoma, particularly during a period of such economic uncertainty.  Greg's accomplishments extend to the fleet renewal program he championed, which leaves Algoma well positioned for future success."
The Board of Algoma has engaged an executive search firm to assist them in the process of selecting Mr. Wight's successor and will consider both internal and external candidates for the role.
(Photo ACC)Greg Wight soon retiring from Algoma

The Quebec government unveiled details on June 29 of an ambitious blueprint to significantly enhance marine infrastructure on the St. Lawrence River and establish intermodal transport and logistics centres designed to transform Quebec into a key North American hub for transatlantic trade - notably positioning itself prior to a pending Canada-European Union free trade agreement.

In Montreal, Premier Philippe Couillard announced "a series of measures that will enable us to benefit fully and sustainably from our maritime potential and make Quebec a special gateway for major markets in northeastern North America."

Mr. Couillard underlined the pivotal role destined for the Port of Montreal. "Our job is to tell people about what opportunity Montreal represents in terms of access to the heart of North America and that it can accommodate even large ships."

He noted that the expansion of the Panama Canal in 2016 will increase shipping to North America's East Coast.

Between now and 2030, Mr. Couillard indicated he was counting on up to $4 billion in private sector investments as part of total outlays of about $9 billion.

Some $1.5 billion is to be invested over the next five years and 30,000 jobs to be created between now and 2030.

Early industry response was enthusiastic towards the first such comprehensive integrated action plan for the maritime sector.

The St. Lawrence Economic Development Council (SODES) applauded a plan that "placed the maritime industry at the heart of Quebec's economic development."

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Ottawa announces funding
for Trois-Rivières
multi-task terminal

2015-06-29

Greg Wight, President and CEO of Algoma Central Corporation since 2008  recently announced to employees his plan to retire from the Corporation during the 1st quarter of  2015.
Mr. Wight joined the Marine Division of Algoma Central Railway in January 1980 as the Division's Controller. At that time, Algoma's Marine Division owned and operated 12 Great Lakes vessels and had revenues of $66 million.
Today, as CEO, Greg heads an organization that owns and operates 33 Great Lakes vessels and has interests in ocean shipping and real estate. In 2013 the Corporation reported revenues of $500 million.
Mr. Wight  rose steadily in the Company, holding a variety of financial roles, eventually moving to St. Catharines in 1996 following the sale of the Algoma Central Railway and the consolidation of the Company's marine operations in the city.
In addition to his responsibilities at Algoma and a number of positions with industry related organizations
"Come January, I will have been with Algoma for 35 years," Mr. Wight said "and I could not have asked for a better Company or group of people to work with. Algoma has risen to be the largest owner and operator of Canadian flag vessels on the Great Lakes - St. Lawrence Waterway. The Company prides itself on its contribution to the Canadian economy and on the role it plays in the communities in which employees live and work."
Mr. Wight continued, "Algoma is a very strong company that has been recognized as one of Canada's Best Managed Companies in both 2012 and 2013."
"Greg deserves tremendous praise for his contributions to the company", said Duncan Jackman, Chairman of the Board of Directors of Algoma.  "His leadership and focus have been so important to the success of Algoma, particularly during a period of such economic uncertainty.  Greg's accomplishments extend to the fleet renewal program he championed, which leaves Algoma well positioned for future success."
The Board of Algoma has engaged an executive search firm to assist them in the process of selecting Mr. Wight's successor and will consider both internal and external candidates for the role.
(Photo ACC)Greg Wight soon retiring from Algoma

Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, on behalf of Lisa Raitt, Minister of Transport,  announced on June 28  federal financial support of up to $16.3 million for the construction of a $50 million multi-task terminal at the Port of Trois-Rivières.

He was accompanied at the announcement ceremony at the Port of Trois Rivières by by Cléo Marchand, Chairman of the Board of Directors of the Trois-Rivières Port Authority (TRPA), and by Gaétan Boivin, President and CEO of the TRPA.

"Enhancing the Port of Trois-Rivières' capacity and efficiency will encourage economic growth for businesses and residents in the region and greatly contribute to the global competitiveness of the nation as a whole." Mr. Lebel stated.

Mr. Boivin underlined the fact that "the new installations will be able to handle a multitude of projects and all types of traffic from dry and liquid bulk to general cargo, dimensional cargo and semi-trailers in support of national and international trade."

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Greg Wight receives Georgian College honorary diploma

2015-06-26

The hard work and commitment of Greg Wight, former President and CEO of Algoma Central Corporation, was recently recognized when Mr. Wight was presented with the Georgian College Board of Governors' Honorary Diploma.

Georgian College President and CEO MaryLynn West-Moynes made the presentation during convocation ceremonies at the Owen Sound Campus on June 11.  The Honorary Diploma is presented to a recipient who has demonstrated excellence in their profession or industry, and who has made a major contribution to an academic program at Georgian College through a significant contribution of expertise, influence and personal time.

"Greg Wight embodies all of this criteria. He is held in high regard by his peers and praised by Georgian faculty members for his incredible commitment to the college and our students," said Ms. West-Moynes. "While president of Algoma Central, Wight went above and beyond to support Georgian College's marine programs and its cadets."

During his more than three decades of leadership, Mr. Wight made numerous personal visits to Georgian classrooms. He also empowered his staff to contribute to Georgian by having representatives sit on the Marine Program Advisory Committee and award scholarships to deserving students annually. He championed the Centre for Marine Training and Research at the Owen Sound Campus

Most recently, Mr. Wight has been an instrumental advocate of Georgian's plan to build a Marine Emergency Duties Training and Research Centre at the Owen Sound Campus, following the closure of the only such training facility in Ontario in 2013.

 
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