In accordance with the Canada Mortgage and Housing Act, the Board of
Directors is responsible for managing the affairs of the Corporation and the
conduct of its business. The Board is comprised of eleven members, including
the Chair, and the President and Chief Executive Officer; the Deputy Minister
of the Minister for CMHC; and the Deputy Minister of Finance.
Derek Ballantyne was appointed as Chair of Canada Mortgage and Housing
Corporation’s Board of Directors in April 2018.
Mr. Ballantyne brings extensive experience in the development and management
of housing, as well as the development of financial models for housing
development and operations and innovative approaches to attract new sources of
capital to housing.
With more than 20 years of experience in the management of large and mid-size
housing organizations, he brings broad knowledge of the complex public and
private environments and a comprehensive knowledge of housing, real
estate management and development sectors. He also brings deep knowledge of
the non-profit, charitable, social entrepreneurship, cooperative and
foundation sectors at the local, provincial and federal levels.
Mr. Ballantyne was Chief Operating Officer of Build Toronto, where he assisted
in the establishment of the corporation, development of the first business
plan, and execution of several large transactions and development initiatives.
He also served as Chief Executive Officer of Toronto Community Housing, a
large rental housing provider, with over $6 billion in real estate assets in
Toronto. He led organizational and financial restructuring of the company, and
the recapitalization and redevelopment of a significant portion of the
portfolio (including the Regent Park community) as well as the
commercialization of non-core functions. He is currently CEO for Encasa
Financial Inc., a multi-fund provider and a partner in
New Market Funds, an innovative platform that develops and
manages impact investment products.
President and CEO
Romy Bowers was appointed President and Chief Executive Officer of Canada
Mortgage and Housing Corporation in April 2021. She leads a team of housing
experts who share a single goal: that “By 2030, everyone in Canada will have a
home that they can afford and that meets their needs.” As CEO, Ms.
Bowers believes CMHC can be a catalyst for solving housing affordability
challenges and a leader in building a housing system that is equitable and
free of systemic racism.
Ms. Bowers joined CMHC in 2015 as the company’s Chief Risk Officer. She
has also served as CMHC’s Chief Commercial Officer and most recently was
Senior Vice-President of Client Solutions, where she led a team that brings
together the expertise of CMHC’s commercial and assisted housing businesses to
better understand the housing needs of Canadians and develop new
client-focused products and services to meet those needs.
Prior to joining CMHC, Ms. Bowers had a diverse career in the Canadian
banking industry, including 12 years with the Bank of Montreal, where she
gained extensive experience in treasury operations and risk
Ms. Bowers received an M.A. in Business Administration (Finance)
from the University of Toronto and an M.A. in Arts from McGill
Kelly Gillis (ex-officio)
Deputy Minister of Infrastructure and Communities
Kelly Gillis was appointed Deputy Minister, Infrastructure and Communities in
September 2017. Infrastructure Canada is the Government of Canada department
that provides long-term, predictable support to help Canadians benefit from
world-class, modern public infrastructure; makes investments, builds
partnerships, develops policies, delivers programs, and fosters knowledge
about public infrastructure in Canada; and helps address complex challenges
that Canadians face every day, ranging from the rapid growth of our cities, to
climate change, and environmental threats to our water and land.
Prior to this appointment, Kelly served as Associate Deputy Minister of
Innovation, Science and Economic Development Canada (ISED), the department
that worked to develop Canada's Inclusive Innovation Agenda to help build an
economy that promotes clean growth, high-quality jobs and increased
Previous to this, Kelly held a number of positions within the federal
government, including, Senior Assistant Deputy Minister, Spectrum, Information
Technologies and Telecommunications (SITT) Sector and Chief Financial Officer
at Industry Canada.
Kelly holds a Bachelor of Commerce and Graduate Diploma in Public Accounting
from McGill University and is also a qualified chartered accountant.
Kelly is originally from Montréal. She and her husband have three children.
Michael Sabia (ex-officio)
Deputy Minister of the Department of Finance
Michael Sabia was appointed the Deputy Minister of the Department of Finance
Canada as of December 14, 2020.
Mr. Sabia was previously appointed Chair of the Board of the Canada
Infrastructure Bank in April 2020. He was named Director of the University of
Toronto’s Munk School of Global Affairs and Public Policy in February 2020.
Mr. Sabia brings a wealth of experience in the public and private sectors to
his new role at Finance Canada. He has been President and Chief Executive
Officer of la Caisse de dépôt et placement du Québec (CDPQ) – a role he served
in from 2009 until 2020. During his tenure, he led the rebuilding of CDPQ into
a global financial institution.
Prior to joining CDPQ, Mr. Sabia was CEO of Bell Canada Enterprises and CFO of
Canadian National Railway. He began his career in the federal Public Service,
serving principally in the Department of Finance and the Privy Council Office,
where he was Deputy Secretary to the Cabinet (Plans).
In addition to serving on government advisory groups in Canada, he has also
participated in a number of international initiatives, including the United
Nations Net Zero Alliance and as co-chair of the World Economic Forum’s
working group on infrastructure and development. During Canada’s presidency of
the G7 in 2018, he co-chaired the Investor Leadership Network on Climate
Change, Diversity and Infrastructure Development.
In 2017, he was named an Officer of the Order of Canada.
Mr. Sabia was educated at the University of Toronto (B.A.) and at Yale
Navjeet (Bob) Dhillon
Member of the Board of Directors
Navjeet (Bob) Dhillon was appointed to the Board of Directors of Canada
Mortgage and Housing Corporation in February 2015.
Mr. Dhillon is the founder, President & CEO of Mainstreet Equity Corp., a
Calgary-based publicly traded company listed on the Toronto Stock exchange
that acquires underperforming assets (low rent rental-apartments), clusters
them into apartment complexes, and upgrades them to mid-market rental units.
Mr. Dhillon has more than two decades of experience in acquiring and
repositioning all types of properties.
He is also founder, owner & President of Pan Pacific Mercantile Group, an
international trading and export company focused on real estate development in
emerging markets such as Belize and India, and founder and co-owner of
National Payments, a point of sale payment solutions organization for small
Bob holds an MBA from the Richard Ivey School of Business at the University of
Western Ontario. He is the Honorary Consul General for Belize in Canada.
Member of the Board of Directors
Linda Morris was appointed to the Board of Directors of Canada Mortgage and
Housing Corporation in December 2017.
Ms. Morris served as Senior Vice-President of Business Development,
Member and Community Engagement at Vancity, from 2011 to 2017. She was
responsible for engaging and growing the credit union’s membership through its
member experience, products and services, and commitment to communities.
Previously, she was the CEO of the Canadian Breast Cancer Foundation,
BC/Yukon; prior to this she was Deputy Minister in the Public Affairs Bureau
for the Government of BC, Vice President, and Communications & Community
Engagement for Vancouver Coastal Health, and Director of Public Affairs for
the Vancouver Port Authority.
Gordon J. Laing
Member of the Board of Directors
Gordon J. Laing was appointed to the Board of Directors of Canada Mortgage and
Housing Corporation in December 2018.
Mr. Laing is the President and CEO of Southwest Properties Limited, a leading
developer of residential and commercial property in Atlantic Canada, where he
started as a Chief Operating Officer in 2006. He was named one of Atlantic
Canada’s Top 50 CEOs for the fourth time in 2012. Southwest earned Platinum
Member status of Canada’s Best Managed Companies after maintaining Best
Managed status for seven years.
Mr. Laing holds a Bachelor of Business Administration from Acadia University
in Wolfville, Nova Scotia. He is a Chartered Professional Accountant and was
designated in 2006 a Fellow of the Society of Management Accountants of Canada
— an honorary title for his outstanding achievements.
Member of the Board of Directors
André Hébert was appointed to the Board of Directors of Canada Mortgage and
Housing Corporation in February 2019.
Mr. Hébert is Head of Technology at Air Canada Vacations, where he is
responsible for all strategic and operational aspects of technology for the
business. He brings to CMHC’s board more than 35 years of hands-on experience
in large IT transformation projects, as well as unique operational and
strategic insights in this complex and ever-evolving field.
A seasoned CIO with a strong business background, Mr. Hébert has led the
implementation of a number of global IT strategies and systems to achieve
Mr. Hébert started his career with Unisys Canada (Sperry) and subsequently
held a number of senior IT positions, including at Air Canada, Aeroplan, Aimia
and recently returned at Air Canada. He holds a Bachelor’s degree in
Management and an MBA from École des Hautes Études Commerciales in Montréal.
Executive Director of the National Aboriginal Trust Officers Association (NATOA)
Chris Sicotte was appointed to the Board of Directors of Canada Mortgage and
Housing Corporation in June 2022.
He is currently the Executive Director of the National Aboriginal Trust Officers Association (NATOA) and was formerly the Executive Director/CEO of the Saskatchewan First
Nations Water Association inc. Since 2002, he has been focused on working directly
with First Nations, Tribal Councils, Business Development arms, Métis
governments and entrepreneurs in providing financial services and advice.
Mr. Sicotte has and continues to serve on numerous Boards and committees,
including the Kahkewistahaw Economic Management Corporation, Timaskaw
Transport LP, SparrowHawk Developments LP, the Provincial
Métis Housing Corporation, AFOA Canada, the Greater Saskatoon
Chamber of Commerce, and the City of Saskatoon’s Diversity, Equity, and
Inclusion Advisory Committee.
He is a proud Cree/Métis and member of the Nisichawayasihk Cree Nation
(formerly known as Nelson House). He also has family connections to the
historic communities of Cumberland House, the Red River Métis Settlement, and