Former TD Bank CEO Ed Clark appointed as Wynne's business adviser
Ed Clark delivers the findings of the Premier's Advisory Council on Government Assets in Toronto on Thursday, April 16, 2015. (The Canadian Press/Chris Young)
The Canadian Press
Published Monday, June 29, 2015 10:34AM EDT
Last Updated Monday, June 29, 2015 2:21PM EDT
TORONTO -- Ontario Premier Kathleen Wynne is appointing former TD Bank CEO Ed Clark, who recommended the partial sale of Hydro One and changes to beer distribution, as her business adviser.
Clark, who headed an expert panel on government assets, is still looking at other aspects of alcohol sales, such as wine and spirits.
In his new business adviser role, Clark will provide advice on "growing a vibrant and dynamic economy in Ontario" and moving to a knowledge-based economy.
It comes as the Liberal government aims to cut a $10.9-billion deficit by 2017-18.
As with his asset panel work, Clark will not be paid a salary for his role as business adviser, but will be reimbursed for "reasonable" expenses.
Clark is set to provide his business recommendations next spring.
NDP finance critic Catherine Fife said the appointment will leave Ontarians, "stuck with the bill," citing contracts worth up to $7.5 million that were awarded to companies and consultants who helped Clark with his Hydro One and beer report.
"Let's remember the last time Ed Clark did 'unpaid' work," Fife said in a statement.