Wallace McCain
| Wallace McCain | |
|---|---|
| Born | April 9, 1930 Florenceville, New Brunswick |
| Died | May 13, 2011 (aged 81) Toronto, Ontario |
| Residence | Toronto, Ontario |
| Nationality | Canadian |
| Alma mater | Mount Allison University |
| Occupation | executive |
| Known for | Co-founder of McCain Foods Limited |
| Spouse | Margaret McCain |
| Relatives | Harrison McCain, brother Andrew McCain, brother (deceased) Michael McCain, son |
| Awards | Order of Canada Order of New Brunswick |
G. Wallace F. McCain, CC, ONB (April 9, 1930 – May 13, 2011)[1] was a Canadian businessman, co-founder of McCain Foods Limited. With an estimated net worth of $US 2.3 billion (as of March 2011), McCain was ranked by Forbes as the 13th wealthiest Canadian and 512th in the world.[2]
[edit] Background
Born in Florenceville, New Brunswick, he received a Bachelor of Arts from Mount Allison University in 1951. He was residing in Toronto, Ontario at the time of his death.
McCain co-founded McCain Foods Limited in 1956 with his brother Harrison McCain.
In 1995, he was made an Officer of the Order of Canada for being "one of Atlantic Canada's most notable entrepreneurs" and was promoted to Companion in 2008.[3] In 1993, he was inducted into Canadian Business Hall of Fame and the New Brunswick Business Hall of Fame in 1997. In 2003, he was awarded the Order of New Brunswick.
McCain also bought Maple Leaf Foods in 1995 along with the Ontario Teacher's Pension Plan. He previously served as the Chairman of the Board for the company.
He has received honorary degrees from Mount Allison University, the University of King's College, the University of New Brunswick, the University of Toronto and St. Francis Xavier University.
He was married to Margaret McCain, the first female Lieutenant Governor of New Brunswick.
In 2007 he gave a record $873,000 to his alma mater, Mount Allison University and on February 21, 2011 he donated $5,000,000 to the University of New Brunswick, Saint John campus for the Wallace McCain Institute, a program for business students and entrepreneurs.[4]
McCain died on May 13, 2011 of pancreatic cancer. He was 81.
[edit] References
- ^ Ian Austen (May 15, 2011). "Wallace McCain Dies at 81; Fed the World Frozen Fries". The New York Times. http://www.nytimes.com/2011/05/16/business/global/16mccain.html?ref=obituaries.
- ^ Forbes. http://www.forbes.com/wealth/billionaires/list?country=223&industry=-1&state=.
- ^ Official Order of Canada Web site
- ^ http://blogs.unb.ca/newsroom/2011/02/23/wallace-and-margaret-mccain-donate-5-million-to-the-university-of-new-brunswick-to-continue-legacy-of-wallace-mccain-institute/
[edit] External links
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- 1930 births
- 2011 deaths
- Businesspeople from New Brunswick
- Canadian Business Hall of Fame
- Companions of the Order of Canada
- Members of the Order of New Brunswick
- Deaths from pancreatic cancer
- People from Carleton County, New Brunswick
- Mount Allison University alumni
- Canadian billionaires
- Canadian company founders
- Canadian business biography stubs
