Canada’s new Minister of Finance, Bill Morneau, led his firm Morneau Shepell from 200 employees in 1992 to more than 3,000 across Canada in 2015. Between 1987 and 2015 Morneau has acted as President, President and CEO, and Chair and CEO of Morneau Shepell.
Under his leadership the firm, Canada’s largest human resources service, acquired Sobeco from Ernst & Young in 1997 and Shepell-FGI in 2008. The company went public on the Toronto Stock Exchange in 2005. The company provides more than 20,000 organizations with pension, employee benefit and employee assistance programs.
Morneau has a BA from the University of Western Ontario. He went on to study Economics at the London School of Economics, earning a Master’s of Science, and at INSEAD in France where he earned his MBA.
Morneau was a member of the Ontario government’s Pension Advisory Council, led by former Prime Minister Paul Martin, and was subsequently named Pension Investment Advisor to the province’s Minister of Finance, Dwight Duncan. He is the co-author of the book, The Real Retirement and has written many articles on public policy issues. He is also a former Chair of the C.D. Howe Institute.
Morneau is active in the Toronto community. He has been chair of the board at Toronto’s St. Michael’s Hospital and at Covenant House, a shelter for homeless and runaway youth. He is also active with the Canadian Merit Scholarship Foundation and The Learning Partnership, an organization dedicated to advancing publicly funded education in Canada. He is also the founder of a school for Somali and Sudanese youth in an African refugee camp. All of this volunteer work demonstrates Morneau’s interests in supporting the arts, helping street kids and improving access to health care and education.
Morneau is married to Nancy McCain of McCain foods, and together they have three children. The family also sponsored a young girl from Northern Uganda in 2010 and she is now considered part of the family.