Government of Canada announces appointments to the Canada Infrastructure Bank’s Board of Directors
Ottawa, Ontario, December 06, 2022—Today, the Honourable Dominic LeBlanc, Minister of Intergovernmental Affairs, Infrastructure and Communities, announced the appointment of Andrée-Lise Méthot and Michael Bernstein to the Board of Directors of the Canada Infrastructure Bank (CIB).
Ms. Méthot has had a long and distinguished career in venture capital, engineering, and corporate governance. She is the founder and Managing Partner of Cycle Capital, a leading investment and innovation platform, as well as the founder and Chairperson of Accelerator Cycle Momentum. Ms. Méthot is a member of the Paris Fonds Vert Advisory Board, the Government of Canada’s Task Force on Women in the Economy, and an ambassador in clean technologies for Investissement Québec. Ms. Méthot is an Officière de l’Ordre national du Québec and received the Grand Prix d’excellence from the Ordre des ingénieurs du Québec. She holds a Master’s degree in Science from Université de Montréal and a Bachelor’s degree in Geological Engineering from Université Laval.
Mr. Bernstein is a seasoned senior executive with extensive experience in the Canadian power, infrastructure and utilities sector, including negotiating and structuring complex infrastructure investments and projects. Mr. Bernstein is a currently Senior Advisor with the Boston Consulting Group and President of Juno Advisors Ltd., and formerly the President and Chief Executive Officer of Capstone Infrastructure Corporation. He was also a Senior Managing Director with Macquarie. Mr. Bernstein holds a Bachelor of Arts in Economics and Philosophy from Dartmouth College and an MBA from Ivey Business School at Western University. He also holds Chartered Financial Analyst and ICD.D designations and has served on various boards of directors throughout his career.
Ms. Méthot and Mr. Bernstein were appointed in accordance with the Government of Canada’s open, transparent, and merit-based selection process.
Canadians will benefit from the wealth of experience Andrée-Lise Méthot and Michael Bernstein bring to the Canada Infrastructure Bank’s Board of Directors. Our government will continue to work with its partners to grow our economy, increase the resiliency of our communities, and improve the lives of Canadians.
Quick facts
- The CIB works to deliver more infrastructure for Canadians by attracting private capital in infrastructure projects.
- Working in cooperation with all orders of government, private investors and project sponsors, the CIB attracts private capital in infrastructure projects across Canada that contribute to Canada's long-term and sustainable economic growth, closing the infrastructure gap and support the creation of good, well-paying jobs.
- As a Crown corporation, the CIB is governed by an independent Board of Directors and is accountable to Parliament through the Minister of Intergovernmental Affairs, Infrastructure and Communities.
- To date, the CIB has advanced over 40 partnerships, committed $8.3 billion of its capital, and attracted $7.8 billion in private and institutional investment to support transformative projects across its five priority sectors: public transit, clean power, green infrastructure, broadband, and trade and transportation. Under its Indigenous Community Infrastructure Initiative, the Bank also supports investments in infrastructure projects in partnership with, and for the benefit of, Indigenous communities across its priority sectors.