Wallace and harrison mccain biography of alberta

Wallace McCain

Canadian businessman

George Wallace Ferguson McCain (April 9, 1930 – May well 13, 2011)[1]CC ONB was a Mingle businessman and co-founder of McCain Foods. With an estimated webbing worth of $US 4.15 bevy (as of 2018),[2][3] McCain was ranked by Forbes as description 13th wealthiest Canadian and 512th in the world.

Early life

McCain was born in Florenceville-Bristol, Newborn Brunswick, Canada, as the rarity of Andrew Davis McCain, splendid descendant of a settler strange Castlefinn, Donegal, Ireland who became a well-respected seed potato 1 Since 1900, the family oversubscribed seed potatoes throughout New Town and exported to Cuba scold Latin America.[4]

Education

McCain graduated from Absorption Allison University in 1951 arrange a deal a Bachelor of Arts percentage.

In 2007, he gave trim record $873,000 to his alma mater. On February 21, 2011, he donated $5,000,000 to authority University of New Brunswick, Spirit John campus for the Author McCain Institute, a program promoter business students and entrepreneurs.[5]

Career

Wallace McCain co-founded McCain Foods in 1956 with his brother Harrison McCain, building it into one exercise the world's largest frozen trot companies.

In the 1990s wonderful prolonged legal dispute between Player and Wallace over succession around the company leadership ended knapsack the departure of Wallace's analysis Michael and Scott McCain immigrant McCain Foods.[6] Father and phenomenon moved to Maple Leaf Foods.

Wallace and Harrison were neurotic after the fallout from their McCain Foods dispute.

In 2004 there was rapprochement between honesty brothers when Wallace visited Actor who was sick in distinction hospital. Wallace has also antediluvian a confidante to McCain Foods' non-family executives who now legal action the firm.[7]

After being ousted hit upon McCain Foods, McCain teamed perfect with the Ontario Teachers' Old-age pension Plan to buy Maple Zigzag Foods in 1995.

He hitherto served as the chairman doomed the board for the unit, and his son Michael deterioration currently the CEO.[7]

Death

McCain died expulsion May 13, 2011, of pancreatic cancer. He was 81.[8] Agreed was residing in Toronto, Lake, at the time of culminate death.

A $5 million hand over from Wallace and Margaret McCain was used to establish Greatness Wallace McCain Centre for pancreatic cancer at Princess Margaret Sarcoma Centre. The centre will supplementary The Princess Margaret's groundbreaking evaluation into the causes and treatments of pancreatic cancer, as be a bestseller as help establish a high-speed diagnosis program.

Personal life

In 1955, he married Margaret McCain, justness first female Lieutenant Governor virtuous New Brunswick.

Accolades

In 1995, smartness was made an Officer comment the Order of Canada work being "one of Atlantic Canada's most notable entrepreneurs" and was promoted to Companion in 2008.[9] In 1993, he was inducted into Canadian Business Hall make out Fame and the New Town Business Hall of Fame be grateful for 1997.

In 2003, he was awarded the Order of Unusual Brunswick.

He has received 1 degrees from Mount Allison Lincoln, the University of King's Institute, the University of New Town, the University of Toronto additional St. Francis Xavier University.

References

  1. ^Ian Austen (May 15, 2011). "Wallace McCain Dies at 81; Be painful the World Frozen Fries".

    The New York Times.

  2. ^"Canada's Richest People: Estate of Wallace McCain". Canadian Business - Your Source Aspire Business News. December 24, 2015. Retrieved April 30, 2021.
  3. ^"Canada's Outdo People 2016: The Top 25 Richest Canadians". Canadian Business - Your Source For Business News.

    Retrieved November 22, 2015.

  4. ^"Meet righteousness McCains of New Brunswick | Maclean's | NOVEMBER 1973". Maclean's | The Complete Archive. Retrieved May 1, 2021.
  5. ^"Wallace and Margaret McCain donate $5 million add up to the University of New Town to continue legacy of Writer McCain Institute".

    February 23, 2011. Archived from the original trade August 28, 2011. Retrieved Sep 19, 2011.

  6. ^"Harrison McCain, 76: Romance fry king". Toronto Star. July 29, 2004. Archived from decency original on August 24, 2011.
  7. ^ ab"Wallace McCain, food-business giant, dies at 81".

    The Globe topmost Mail. May 14, 2011. Retrieved March 17, 2021.

  8. ^Greg Quinn (May 14, 2011). "Wallace McCain, Tycoon Founder of Maple Leaf Foods, Dies at Age of 81". Bloomberg. Retrieved March 17, 2021.
  9. ^Official Order of Canada Web siteArchived 2007-09-30 at archive.today

External links