his induction into the Canadian Business Hall of Fame this week
Starting out, he said it was tough to convince people to invest in real estate in the 1990s as Canada was coming out of a recession. He weathered other unexpected challenges until he stepped down as CEO in 2021, in the midst of the COVID-19 pandemic. “It takes a few tries to get the exact right team around you,” he said. “You need a serious-sized team with all the right skills to be able to build Riocan from under $100 million in 1994 to more like $14 billion today.”
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