Rob McEwen
Encyclopedia
Rob McEwen, CC
(born April 15, 1950) is a Canadian businessman. He is the Chairman and CEO of US Gold Corporation
and Minera Andes
Inc., Chairman of Lexam VG Gold Inc. and was the founder and former Chairman and CEO of Goldcorp
Inc., which is the world’s second largest gold producer based on market capitalization. McEwen followed his father into the investment industry and also developed a passion for gold.
In 1990 McEwen stepped into the mining industry, where he transformed Goldcorp from a collection of small companies into a mining powerhouse. Since 1993, when McEwen started re-structuring Goldcorp, its market capitalization has grown from $50 million USD to over $8 billion and Goldcorp's share price has increased at a 31% compound annual growth rate.
Rob believes that management should be as personally invested in a company as its shareholders, and as such he owns 20% of US Gold Corporation, 30% of Minera Andes Inc., 27% of Lexam VG Gold Inc.'s shares, and receives no salary.
On June 14th 2011 Mr. McEwen announced that he intends to merge US Gold and Minera Andes to create a high growth, low-cost, mid-tier silver producer focused in the Americas. The merger is expected to be completed in the fall of 2011. The objective is to build a precious metal company that can qualify for the S&P 500 by 2015.
A graduate of St. Andrew's College
, Aurora, Ontario, Canada in 1969 http://www.sac.on.ca/files/ksillcox/andrean_2007_fall_lr.pdf, McEwen later earned a B.A. from the University of Western Ontario
, London, Ontario, Canada and an MBA from the Schulich School of Business
.
Rob also holds an Honorary Doctor of Laws Degree from York University
, Toronto, Ontario, Canada.
McEwen is a member of WPO, the Canadian Council of Chief Executives and the Dean's Advisory Board, Schulich School of Business
, Toronto.
On July 3, 2007 McEwen was appointed to the Order of Canada
, the country's highest civilian honor.
McEwen's philanthropic efforts are designed to encourage excellence and innovation in health care and education. McEwen has donated in excess of $25 million over the past four years including: $20 million to establish the McEwen Centre for Regenerative Medicine at the Toronto General Hospital
; $1.5 million to Schulich School of Business
, Toronto, Ontario, Canada; $1.0 million to the Red Lake Margaret Cochenour Memorial Hospital, Red Lake, Ontario
, Canada
, and $0.7 million to two museums and a church.
Order of Canada
The 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...
(born April 15, 1950) is a Canadian businessman. He is the Chairman and CEO of US Gold Corporation
US Gold Corporation
US Gold Corporation explores for gold and silver in the Americas and is advancing its El Gallo Project in Mexico and its Gold Bar Project in Nevada towards production....
and Minera Andes
Minera Andes
- Company Overview :Minera Andes Inc is a producer of gold and silver and an explorer of gold, silver and copper in Argentina. Rob McEwen is the company's CEO and largest shareholder .The company has three significant assets in Argentina:...
Inc., Chairman of Lexam VG Gold Inc. and was the founder and former Chairman and CEO of Goldcorp
Goldcorp
Goldcorp Inc. is a gold producer headquartered in Vancouver, British Columbia, Canada. Goldcorp has 16 operations and development projects in 6 countries across the Americas....
Inc., which is the world’s second largest gold producer based on market capitalization. McEwen followed his father into the investment industry and also developed a passion for gold.
In 1990 McEwen stepped into the mining industry, where he transformed Goldcorp from a collection of small companies into a mining powerhouse. Since 1993, when McEwen started re-structuring Goldcorp, its market capitalization has grown from $50 million USD to over $8 billion and Goldcorp's share price has increased at a 31% compound annual growth rate.
Rob believes that management should be as personally invested in a company as its shareholders, and as such he owns 20% of US Gold Corporation, 30% of Minera Andes Inc., 27% of Lexam VG Gold Inc.'s shares, and receives no salary.
On June 14th 2011 Mr. McEwen announced that he intends to merge US Gold and Minera Andes to create a high growth, low-cost, mid-tier silver producer focused in the Americas. The merger is expected to be completed in the fall of 2011. The objective is to build a precious metal company that can qualify for the S&P 500 by 2015.
A graduate of St. Andrew's College
St. Andrew's College (Aurora, Ontario)
St. Andrew's College, also known as SAC, is an independent school founded in 1899 located in Aurora, Ontario, Canada. It is a university-preparatory school for boys in grades 6 to 12, with a focus on academic achievement, athletics, and leadership development...
, Aurora, Ontario, Canada in 1969 http://www.sac.on.ca/files/ksillcox/andrean_2007_fall_lr.pdf, McEwen later earned a B.A. from the University of Western Ontario
University of Western Ontario
The University of Western Ontario is a public research university located in London, Ontario, Canada. The university's main campus covers of land, with the Thames River cutting through the eastern portion of the main campus. Western administers its programs through 12 different faculties and...
, London, Ontario, Canada and an MBA from the Schulich School of Business
Schulich School of Business
The Schulich School of Business is York University's business school located in Toronto, Ontario, Canada, and is an internationally-ranked business school. Schulich offers undergraduate and graduate programs in business administration, finance, public administration and international business as...
.
Rob also holds an Honorary Doctor of Laws Degree from York University
York University
York University is a public research university in Toronto, Ontario, Canada. It is Canada's third-largest university, Ontario's second-largest graduate school, and Canada's leading interdisciplinary university....
, Toronto, Ontario, Canada.
McEwen is a member of WPO, the Canadian Council of Chief Executives and the Dean's Advisory Board, Schulich School of Business
Schulich School of Business
The Schulich School of Business is York University's business school located in Toronto, Ontario, Canada, and is an internationally-ranked business school. Schulich offers undergraduate and graduate programs in business administration, finance, public administration and international business as...
, Toronto.
On July 3, 2007 McEwen was appointed to the Order of Canada
Order of Canada
The 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...
, the country's highest civilian honor.
Philanthropy
Toronto General Hospital
The Toronto General Hospital , is a part of the University Health Network, and a major teaching hospital in downtown Toronto, Ontario. It is located in the Discovery District, directly north of the Hospital for Sick Children, across Gerrard Street West, and east of Princess Margaret Hospital and...
; $1.5 million to Schulich School of Business
Schulich School of Business
The Schulich School of Business is York University's business school located in Toronto, Ontario, Canada, and is an internationally-ranked business school. Schulich offers undergraduate and graduate programs in business administration, finance, public administration and international business as...
, Toronto, Ontario, Canada; $1.0 million to the Red Lake Margaret Cochenour Memorial Hospital, Red Lake, Ontario
Red Lake, Ontario
Population trend:* Population in 2006: 4526* Population in 2001: 4233* Population total in 1996: 4778** Golden : 2248** Red Lake : 2277* Population in 1991:** Golden : 2355** Red Lake : 2268-Climate:...
, Canada
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...
, and $0.7 million to two museums and a church.
Awards
- November 2010: Paul J. Hill School of Business Leadership Award
- July 2007: 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...
- May 2007: Canadian Youth Business Foundation - Lifetime Achievement Award
- April 2007: St. George's Society's - Award of Merit For Community Service
- March 2007: Schulich School of Business - Alumni Recognition Award Outstanding Executive Leadership
- October 2006: Tiffany & Co. - 2006 Tiffany Mark Award
- October 2006: Canadian Business magazine's "Most Innovative CEO"
- February 2005: "Honorary Doctor of Laws Degree", York UniversityYork UniversityYork University is a public research university in Toronto, Ontario, Canada. It is Canada's third-largest university, Ontario's second-largest graduate school, and Canada's leading interdisciplinary university....
- February 2005: Significant Sig Award by the Sigma ChiSigma ChiSigma Chi is the largest and one of the oldest college Greek-letter secret and social fraternities in North America with 244 active chapters and more than . Sigma Chi was founded on June 28, 1855 at Miami University in Oxford, Ohio when members split from Delta Kappa Epsilon...
Fraternity
- May 2004: Canadian Museum Association for "Outstanding Achievement Award" Philanthropy Category
- January 2003: The Northern MinerThe Northern MinerThe Northern Miner is a weekly trade journal that reports on the mining industry. The Northern Miner began publication Cobalt, Ontario Canada in 1915, and has since moved publication to Toronto....
's "Mining Man of the Year" Award for 2002
- September 2002: Ernst & YoungErnst & YoungErnst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....
2002 Ontario Entrepreneur of the Year Award in the Energy Category
- August 2002: Canadian BusinessCanadian BusinessCanadian Business is the longest-publishing business magazine in Canada. It was founded in 1928 as The Commerce of the Nation, the organ of the Canadian Chamber of Commerce. The magazine was renamed Canadian Business in 1933...
- Annual Board Survey 16th Best Board of Directors in Canada
- March 2002: Prospectors and Developers Association of Canada (PDAC) - 2001 Viola R. MacMillanViola R. MacMillanViolet Rita "Viola" MacMillan was a Canadian authority on mining. She was one of the few women in the mining industry, and was the first woman president of the Prospectors and Developers Association of Canada...
Award for Developer of the Year
- March 2002: Fast Company's "The Fast 50" - Champion of Innovation. - First Annual Global Readers' Challenge
- February 2002: Investor Relations Magazine 2002 Awards - Best Senior Management Communications in Canada - nominated for three other awards.
- September 2000: Business Week "Web Smart 50" One of the 50 most innovative companies on the web worldwide.