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Patrick Gruben Appointed Chair Of Inuvialuit Development Corporation
Patrick has 10 years of experience serving as a Director on the IDC Board, including the last five as Vice-Chair.
As the Chair of IDC, Patrick will lead the IDC board and subsidiaries, ensuring that good governance practices are in place and observed. He will be fully engaged in the essential function of IDC, including day-to-day oversight and governance of Canadian North, Weldco-Beales Mfg., IDC Properties, Stantons and Aklak Air Ltd. He will represent IDC as its public face and chief communicator to IRC, beneficiaries, the business community and within community, regional and national forums.
The Presidents of Canadian North and Weldco-Beales Mfg., and the General Manager of IDC, will report to him.
About Inuvialuit Development Corporation
IDC is a diversified investment, venture capital and management holding company, wholly owned by IRC. IDC receives its mandate from the Inuvialuit Final Agreement (IFA), finalized in 1984. The IFA's economic tenets are full Inuvialuit participation in the northern Canadian economy and integration into Canadian society through development of an adequate level of economic self-reliance and a solid economic base. Incorporated in 1977, IDC has worked methodically to generate wealth, build a sustainable financial legacy and return secure and long-term benefits to our shareholder.