Philip Orsino
Encyclopedia
Philip S. Orsino, is a Canadian
businessman. He is the former President and Chief Executive Officer of Masonite International
Corporation.
Born in Toronto
, Ontario
, he received a Bachelor of Arts
degree in 1976 from the University of Toronto
's Victoria College
. He became a Chartered Accountant
in 1979 and later a partner in the firm of Hilborn, Ellis, Grant, Chartered Accountants. He was made a Fellow of the Institute of Chartered Accountants
in 1997.
In 1983, he co-founded Century Wood Door Limited and became the President and CEO in 1984. In 1989, it merged with its largest competitor, Premdor. In 2001, it acquired Masonite Corporation from International Paper
and changed its name in 2002 to Masonite International Corporation. Masonite International was purchased by Kohlberg Kravis Roberts & Co.
in December 2004 for C$3.1 billion.
He is a member of the Board of Directors
of the Bank of Montreal
and is a member of the audit committee and conduct review Committee. He was also Chairman of the Board of Trustees of University Health Network
until 2009.
He is the author of Successful Business Expansion: Practical Strategies for Planning Profitable Growth (1994, ISBN 0-471-59737-6).
In 2011, he was appointed President of JELD-WEN,inc., as part of a partnership with ONEX, a Canadian equity investment firm.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
businessman. He is the former President and Chief Executive Officer of Masonite International
Masonite International
Masonite International Corporation is a company headquartered in Tampa, Florida, which employs over eleven thousand people worldwide. Masonite manufactures interior and exterior doors, door components, and door entry systems. It is one of the world's largest manufacturer and merchandiser of...
Corporation.
Born in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
, he received a Bachelor of Arts
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
degree in 1976 from the University of Toronto
University of Toronto
The University of Toronto is a public research university in Toronto, Ontario, Canada, situated on the grounds that surround Queen's Park. It was founded by royal charter in 1827 as King's College, the first institution of higher learning in Upper Canada...
's Victoria College
Victoria University in the University of Toronto
Victoria University is a constituent college of the University of Toronto, founded in 1836 and named for Queen Victoria. It is commonly called Victoria College, informally Vic, after the original academic component that now forms its undergraduate division...
. He became a Chartered Accountant
Chartered Accountant
Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants , the Glasgow Institute of Accountants and Actuaries and the Aberdeen Society of Accountants were each granted a royal charter almost from...
in 1979 and later a partner in the firm of Hilborn, Ellis, Grant, Chartered Accountants. He was made a Fellow of the Institute of Chartered Accountants
Institute of Chartered Accountants
Institute of Chartered Accountants may refer to:* Institute of Chartered Accountants of Australia* Institute of Chartered Accountants in England & Wales* Institute of Chartered Accountants of India* Institute of Chartered Accountants in Ireland...
in 1997.
In 1983, he co-founded Century Wood Door Limited and became the President and CEO in 1984. In 1989, it merged with its largest competitor, Premdor. In 2001, it acquired Masonite Corporation from International Paper
International Paper
International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 59,500 employees, and it is headquartered in Memphis, Tennessee.-History:...
and changed its name in 2002 to Masonite International Corporation. Masonite International was purchased by Kohlberg Kravis Roberts & Co.
Kohlberg Kravis Roberts & Co.
KKR & Co. L.P. is an American-based global private equity firm, specializing in leveraged buyouts, based in New York. The firm sponsors and manages private equity investment funds. Since its inception, the firm has completed over $400 billion of private equity transactions and was a pioneer in...
in December 2004 for C$3.1 billion.
He is a member of the Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of the Bank of Montreal
Bank of Montreal
The Bank of Montreal , , or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded on June 23, 1817 by John Richardson and eight merchants in a rented house in Montreal, Quebec. On May 19, 1817 the Articles of Association were adopted, making it...
and is a member of the audit committee and conduct review Committee. He was also Chairman of the Board of Trustees of University Health Network
University Health Network
University Health Network is a medical centre that comprises three teaching hospitals affiliated with the University of Toronto Faculty of Medicine....
until 2009.
He is the author of Successful Business Expansion: Practical Strategies for Planning Profitable Growth (1994, ISBN 0-471-59737-6).
In 2011, he was appointed President of JELD-WEN,inc., as part of a partnership with ONEX, a Canadian equity investment firm.
Honours
- In 1992, he was named the American Marketing AssociationAmerican Marketing AssociationThe American Marketing Association is a professional association for marketers. As of 2008 it had approximately 40,000 members. There are 76 professional chapters and 250 collegiate chapters across the United States....
's Business-to-Business Marketer of the Year. - In 1998, he was named Ontario's Entrepreneur of the Year in the Manufacturing sector.
- In 2002, he received the 2002 Rotman Distinguished Business Alumni Award from the University of Toronto's Rotman School of ManagementRotman School of ManagementThe Joseph L. Rotman School of Management commonly known as Rotman School of Management is the University of Toronto's business school, located in St. George Street in Downtown Toronto. The school, named after Joseph L...
. - In 2003, he was made an Officer of the Order of CanadaOrder of CanadaThe Order of Canada is a Canadian national order, admission into which is, within the system of orders, decorations, and medals of Canada, the second highest honour for merit...
. - In 2003, he was named Canada’s Outstanding CEO of the Year Award.
- The Philip S. Orsino Cell Therapy Facility at Toronto's University Health Network is named in his honour.