News Summary

Communitech has appointed Sheldon McCormick as its new CEO, effective April 14, following a months-long search. McCormick, who co-founded the Toronto-based real estate tech startup Properly, will replace interim CEO Jennifer Gruber. This leadership change comes after recent layoffs and a strategic pivot back to focusing on the Kitchener-Waterloo region’s innovation ecosystem. Under McCormick’s leadership, Communitech plans to support local founders and startups, marking a shift from the previous national agenda. McCormick’s background in startups and large-scale business positions him as an ideal fit for guiding Communitech’s next chapter. The organization aims to embrace change and prioritize supporting Canada’s high-performing companies as they scale globally.