PortsToronto Announces New Chief Financial Officer and Senior Vice President of Strategy
Following a national search, PortsToronto is pleased to announce that Mr. John Peellegoda will be joining its leadership team as Chief Financial Officer and Senior Vice President of Strategy, effective July 29, 2024. Mr. Peellegoda will succeed Mr. Alan Paul, who is retiring after 38 years with PortsToronto.
Mr. Peellegoda brings over 20 years of experience to the organization, having held senior financial roles in transportation, power and utility and various other financial services institutions. He is a Chartered Accountant and Chartered Professional Accountant and holds an MBA from the Richard Ivey School of Business.
In his capacity as Chief Financial Officer and Senior Vice President of Strategy, Mr. Peellegoda will be responsible for overseeing all facets of financial operations and strategic planning at PortsToronto.
For more information on Mr. Peellegoda, please visit PortsToronto’s website.
The Toronto Port Authority owns and operates Billy Bishop Toronto City Airport, which welcomes approximately two million passengers and generates approximately $2 billion in economic impact per year; the Outer Harbour Marina, one of Canada’s largest freshwater marinas; and the marine Port of Toronto, which facilitates businesses such as marine shipping, cargo services and passenger cruises to generate approximately $460 million in economic activity annually. Since 1911, and in its role as a city builder, the Toronto Port Authority has worked with partners and every level of government to enhance Toronto’s transportation infrastructure and economic growth. The Toronto Port Authority is committed to fostering strong, healthy and sustainable communities, and has invested more than $30 million in recent years to fund charitable initiatives and environmental programs that benefit communities along Toronto's waterfront and beyond.
The Toronto Port Authority is a federal agency and operates in accordance with the Canada Marine Act. It is guided by a Board of Directors that includes representation from all three levels of government.