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Media Release

Toronto Region Board of Trade Names new Chair of its Board of Directors: Yung Wu, CEO of MaRS Discovery District

The Board welcomes Yung Wu, our new Chair of our Board of Directors.

Toronto, ON, January 31, 2022 – Today, Toronto Region Board of Trade announced the appointment of Yung Wu, CEO of MaRS Discovery District, as Chair of its Board of Directors.

Yung is a serial entrepreneur and investor with a proven track record of founding and growing high-potential companies. He has been honoured by Canada’s Top 40 Under 40, as well as the nation’s 50 Best Managed Private Companies list. Yung is also co-founder of two non-profit organizations: the Coalition of Innovation Leaders Against Racism (CILAR) and DifferentIsCool (DiSC).

Yung has been a member of Toronto Region Board of Trade’s Board of Directors since 2019 and was appointed Vice-Chair in 2021. The Toronto Region Board of Trade is also pleased to announce the appointment of Kevin Teslyk, Executive Vice President & Chief Operating Officer of Canadian Banking at Scotiabank as Co-Vice Chair and the re-appointments of Lisa Kimmel, Global Managing Director of Sector Specialty Agencies, Chair & CEO, Canada & Chair, Latin America at Edelman as Co-Vice Chair and Alaina Tennison, Partner and Chief Financial Officer at PwC Canada as Treasurer of the Board of Directors.

“From driving pandemic recovery to a resilient climate economy, Toronto’s roster of impressive talent makes us uniquely poised to remain among the most competitive regions in the world,” said Jan De Silva, President and CEO of the Toronto Region Board of Trade. “Time and time again we see that big complex problems can be solved by smart dedicated people coming together. Yung's innovative spirit, entrepreneurship experience and fine-tuned radar for good ideas make him the right guide for the conversations of our talented, diverse group of directors to stimulate business growth and economic recovery in our region.”

“Although we continue to navigate a challenging two years, the Board has proven extraordinary leadership and convening power during the pandemic and I am confident that the Toronto region will emerge a leader in many sectors critical to the global economy,” said Yung Wu, CEO of MaRS Discovery District. “I look forward to continuing my work with the rest of the Board of Directors in championing and advocating for the needs of the business community in this evolving policy landscape.”

Yung replaces Leo Salom, President and CEO of TD Bank (U.S.), who served as Chair of the Toronto Region Board of Trade’s Board of Directors for five years and whose dedicated contributions led to important housing action and new business supports in the region.

About Toronto Region Board of Trade

The Toronto Region Board of Trade is one of the largest and most influential business chambers in North America and is a catalyst for the region’s economic agenda. We pursue policy change to drive the growth and competitiveness of the Toronto region and facilitate market opportunities with programs, partnerships and connections to help our members succeed – domestically and internationally.

Media Contact

Andrew Perez, Media Relations Manager

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