London Economic Development Corporation names President and CEO
June 24, 2014
LONDON, Ontario – Gerald Slemko, Chair of the Board of Directors at the London Economic Development Corporation (LEDC) announced that Kapil Lakhotia has been named the President and Chief Executive Officer, of the LEDC, effective immediately.
“The Board was pleased to receive external validation of the LEDC model and direction by KPMG’s Economic Development Review, said Gerald Slemko, Chair of the Board LEDC. “ Kapil is absolutely the right person to take the corporation even further. He brings a wealth of experience to the role and assumes this position permanently after service as Interim General Manager for the past nine months, during which time he demonstrated exceptional leadership in advancing LEDC’s goals and objectives.”
After having had the opportunity to evaluate his performance over the interim period, the board reached the conclusion that LEDC has the best candidate for the job already in place and unanimously agreed that Kapil is ideally suited to lead LEDC. The appointment was also unanimously endorsed by council.
“Kapil has demonstrated he has great ideas and ability to implement them. He has shown solid decision making and leadership over his interim tenure, I am pleased to work with his collaborative, positive spirit,” said Gerry Macartney, CEO and General Manager, London Chamber of Commerce. “Good things continue to happen at the LEDC.”
Over the last 10 years Kapil has held several progressive management positions at LEDC most recently leading the corporation’s investment attraction portfolio. With a solid track record of success, Kapil has worked on projects that have attracted significant new investments to London. He works collaboratively with senior levels of provincial and federal government and has participated in many ministerial delegations, as well as leading several local and regional investment and trade missions in major markets around the world.
Kapil holds an Honours degree in Economics from Western University and a Masters of Economics from the University of Waterloo. He has also taught economics at King’s University College, where he has won accolades for teaching excellence.
“It is a true honour to lead an organization like the London Economic Development Corporation,” said Lakhotia. “I am confident in the strong LEDC team and our ability to work closely with community partners to continue to make a positive impact and improve the economic well-being of London.”
MEDIA CONTACT: Ashley Conyngham, Director Marketing & Communications
London Economic Development Corporation 519.661.1883 email@example.com
ABOUT LONDON ECONOMIC DEVELOPMENT CORPORATION
LEDC is the primary economic development agency in London, Canada. Established in 1998 as an independent organization, LEDC is a partnership between the City of London and the business community. The LEDC is improving the economic well-being of Londoners by assisting with the growth and expansion of local businesses and the attraction of new business to London.