News Summary

Alison Nankivell has been appointed as the new president and CEO of Export Development Canada (EDC), following her brief tenure at MaRS Discovery District. Appointed by Minister Mary Ng, Nankivell replaces Mairead Lavery, who led EDC for six years. During her time at MaRS, Nankivell implemented significant changes, including staff reductions to align with the hub’s original vision and to balance funding sources. Her leadership at MaRS saw a strategic shift towards a 50/50 split between public and private funding. Nankivell’s extensive experience includes roles at BDC Capital and EDC, where she focused on venture and growth funds and ESG initiatives. The transition marks another significant executive change in Canada’s tech sector in 2024, highlighting the dynamic leadership shifts within the industry.