Early Life and Business Career
Emerson attended the University of Alberta and obtained his Bachelor of Economics degree in 1968 and his Master of Economics degree in 1970. He then went on to Queen's University where he received his Ph.D in Economics.
In 1975, after working as a researcher for the Economic Council of Canada, Emerson moved to British Columbia and joined the public service. In 1984, he became Deputy Minister of Finance.
In 1986, Emerson was appointed President and Chief Executive Officer of the Western & Pacific Bank of Canada. He transformed it into the Western Bank of Canada- the only regional bank to survive and prosper. Four years later, he returned as Deputy Minister of Finance and was quickly promoted to Deputy Minister to the Premier and President of the British Columbia Trade Development Corporation.
From 1992 to 1997, Emerson was President and Chief Executive Officer of the newly created Vancouver International Airport Authority.
In 1998, Emerson was appointed President and Chief Executive Officer of Canfor Corporation, a leading integrated forest products company and Canada's largest producer of softwood lumber. With 8,100 workers and annual revenues of $3.2 billion servicing 10% of the U.S. market, Canfor operates pulp and paper mills as well as 19 sawmills across B.C., two in Alberta and one in Quebec. Despite US duties and a higher Canadian dollar, Emerson managed to increase profits and raise share prices through a major acquisition deal and efficiency upgrades, which increased capacity by 30% while reducing production costs by 24%.
In 2008, Emerson joined private equity firm CAI Capital Management as a senior advisor.
Emerson's directorships included: Terasen Inc; Royal & Sun Alliance Insurance Company of Canada; Vice-Chairman of the Canadian Council of Chief Executives; Chair, British Columbia Ferry Services Inc.; and Chairman and Director of Genus Resource Management Technologies Inc.
Read more about this topic: David Emerson
Famous quotes containing the words early, life, business and/or career:
“Three early risings make an extra day.”
—Chinese proverb.
“Vacations prove that a life of pleasure is overrated.”
—Mason Cooley (b. 1927)
“I have said many times, and it is literally true, that there is absolutely nothing that could keep me in business, if my job were simply business to me. The human problems which I deal with every day—concerning employees as well as customers—are the problems that fascinate me, that seem important to me.”
—Hortense Odlum (1892–?)
““Never hug and kiss your children! Mother love may make your children’s infancy unhappy and prevent them from pursuing a career or getting married!” That’s total hogwash, of course. But it shows on extreme example of what state-of-the-art “scientific” parenting was supposed to be in early twentieth-century America. After all, that was the heyday of efficiency experts, time-and-motion studies, and the like.”
—Lawrence Kutner (20th century)