(June 2, 2023) - Laurentian University’s Board of Governors will soon elect a new Chair as current Board Chair Jeff Bangs has announced that he will step down from the volunteer role at the end of the current term.
Bangs joined the Board in December of 2021 and became Chair shortly thereafter. He led the Board through a critical period of time as Laurentian University exited the Companies' Creditors Arrangement Act (CCAA) process. During his tenure, the University saw significant transformation. Bangs led the renewal of the University’s Board of Governors, successfully passed a new budget for the current fiscal year, and initiated both the organizational transformation and strategic planning processes to implement recommendations provided by Ontario’s Auditor General and as required by the creditor-approved Plan of Arrangement.
“Aside from needing to strike a new balance between my business and volunteer commitments, two main factors have led me to this decision; the successful appointment of my partner as the University’s General Counsel, and concerns related to my health,” said Bangs.
“To me, given the level of interaction between the Chair, the Board and the General Counsel, it is not appropriate for me to continue in my role. Several months ago, before that search began, I declared a conflict and left the oversight of that search to a committee led by Interim President Embleton. While some have suggested to me that a way can be found to stay on in some capacity, I do not ever want to put the University or the new General Counsel in a real or perceived conflict of interest.”
“I’ve also recently had a wake-up call about my own health that will require my full attention in the coming weeks and months. I do feel confident with my prognosis and I'm confident I'll be as good as new, soon enough. Until then, I’ll be focusing on my health.”
Bangs leaves his role having made a profound impact on the future of Laurentian University and is optimistic about what the institution may achieve in the future. “I am confident that I am leaving the Board in good hands with people whose focus is on building a stronger and more transparent future for Laurentian. I am committed to ensuring a smooth transition and to that end, will remain available as a resource to the Board and to the University for as long as necessary.”
A process is now underway to select a new Chair.