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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.
