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At last week's Annual General Meeting the UHN Board of Trustees elected Mr. John Mulvihill as our new Board Chair. John succeeds Mr. Philip Orsino as Chair. Those in attendance at our AGM reception can attest that Mr. Orsino provided heartfelt remarks in remembering his time at UHN. Philip has been a member of the Board for 17 years, a former Chair of our Finance and Audit Committee as well as Board Chair. Philip commented on his time as a patient at UHN and his experiences as a Trustee and we could sense his almost palpable emotion in stepping down from the Board.
Mr. Mulvihill has 39 years experience in the financial services industry and is President & CEO of Mulvihill Capital Management Inc. He is a graduate of the University of Toronto, is a Chartered Financial Analyst and serves as a Public Governor of the Toronto Stock Exchange. Mr. Mulvihill started his career at Crown Life Insurance and joined Canada Trust Investment Counsel as a Vice President in 1985. He has served as Director of 13 Exchange-traded Funds over the course of his career and during his time as a UHN Trustee he has been Chair of the Finance & Audit Committee and Vice Chair of the Board.
As an initial goal of his Chairmanship, John wants to thoroughly engage our Trustees in the renewal of UHN's Strategic Plan. As you know we are coming to the conclusion of our ten year plan, Strategic Directions 2011. All of our Programs are either developing, or have developed fresh plans for the next five years and we will be incorporating these plans into an integrated UHN strategy that will evolve over the next year. UHN has been successful at annual updates of our strategy represented by our Purpose Statement and the Balanced Scorecard domains - We, Caring, Creative, Accountable and Academic- and I expect that you will see these domains represented as we develop a new plan under Mr. Mulvihill's leadership. Your Senior Management leaders will keep you engaged as the plan develops and we will also keep discussing strategic planning in Straight Talks.