Wallace McCain
Encyclopedia
G. Wallace F. McCain, was a Canadian
businessman, co-founder of McCain Foods Limited
. With an estimated net worth of $US 2.3 billion (as of March 2011), McCain was ranked by Forbes
as the 13th wealthiest Canadian and 512th in the world.
, he received a Bachelor of Arts
from Mount Allison University
in 1951. He was residing in Toronto, Ontario at the time of his death.
McCain co-founded McCain Foods Limited
in 1956 with his brother Harrison McCain
.
In 1995, he was made an Officer of the Order of Canada
for being "one of Atlantic Canada's most notable entrepreneurs" and was promoted to Companion in 2008. In 1993, he was inducted into Canadian Business Hall of Fame
and the New Brunswick Business Hall of Fame in 1997. In 2003, he was awarded the Order of New Brunswick
.
McCain also bought Maple Leaf Foods
in 1995 along with the Ontario Teacher's Pension Plan. He previously served as the Chairman of the Board for the company.
He has received honorary degrees from Mount Allison University
, the University of King's College
, the University of New Brunswick
, the University of Toronto
and St. Francis Xavier University
.
He was married to Margaret McCain
, the first female Lieutenant Governor
of New Brunswick.
In 2007 he gave a record $873,000 to his alma mater, Mount Allison University and on February 21, 2011 he donated $5,000,000 to the University of New Brunswick
, Saint John campus for the Wallace McCain Institute, a program for business students and entrepreneurs.
McCain died on May 13, 2011 of pancreatic cancer. He was 81.
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, co-founder of McCain Foods Limited
McCain Foods Limited
McCain Foods Limited is a privately owned company established in 1957 by four brothers—Harrison McCain, Wallace McCain, Robert McCain, and Andrew McCain—in Florenceville, New Brunswick, Canada...
. With an estimated net worth of $US 2.3 billion (as of March 2011), McCain was ranked by Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
as the 13th wealthiest Canadian and 512th in the world.
Background
Born in Florenceville, New BrunswickFlorenceville, New Brunswick
Florenceville-Bristol is a Canadian town situated in the Northwest part of New Brunswick in the St. John River Valley. The town is located on the banks of the Saint John River, in Carleton County in the Canadian province of New Brunswick.The Town of Florenceville-Bristol is New Brunswick's newest...
, 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...
from Mount Allison University
Mount Allison University
Mount Allison University is a primarily undergraduate Canadian liberal arts and science university situated in Sackville, New Brunswick. It is located about a half hour from the regional city of Moncton and 20 minutes from the Greater Moncton International Airport...
in 1951. He was residing in Toronto, Ontario at the time of his death.
McCain co-founded McCain Foods Limited
McCain Foods Limited
McCain Foods Limited is a privately owned company established in 1957 by four brothers—Harrison McCain, Wallace McCain, Robert McCain, and Andrew McCain—in Florenceville, New Brunswick, Canada...
in 1956 with his brother Harrison McCain
Harrison McCain
Harrison McCain, CC, ONB was a Canadian businessman, co-founder of McCain Foods Limited.Born in Florenceville, New Brunswick, he was the co-founder, along with his brothers Andrew, Robert and Wallace, of McCain Foods. Harrison was the 4th son and Wallace the 5th son of the family. Their father was...
.
In 1995, he was made an Officer of 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...
for being "one of Atlantic Canada's most notable entrepreneurs" and was promoted to Companion in 2008. In 1993, he was inducted into Canadian Business Hall of Fame
Canadian Business Hall of Fame
The Canadian Business Hall of Fame honours "Canada's most distinguished business leaders", selected by an independent panel representing Canadian business, academic and media institutions....
and the New Brunswick Business Hall of Fame in 1997. In 2003, he was awarded the Order of New Brunswick
Order of New Brunswick
The Order of New Brunswick is a civilian honour for merit in the Canadian province of New Brunswick. Instituted in 2000 by Lieutenant Governor Marilyn Trenholme Counsell, on the advice of the Cabinet under Premier Bernard Lord, the order is administered by the Governor-in-Council and is intended...
.
McCain also bought Maple Leaf Foods
Maple Leaf Foods
Maple Leaf Foods Inc. is a major Canadian food processing company, founded in 1927 as a merger of several major Toronto meat packers.-History:The company was originally known as Canada Packers...
in 1995 along with the Ontario Teacher's Pension Plan. He previously served as the Chairman of the Board for the company.
He has received honorary degrees from Mount Allison University
Mount Allison University
Mount Allison University is a primarily undergraduate Canadian liberal arts and science university situated in Sackville, New Brunswick. It is located about a half hour from the regional city of Moncton and 20 minutes from the Greater Moncton International Airport...
, the University of King's College
University of King's College
The University of King's College is a post-secondary institution in Halifax, Nova Scotia, Canada. King's is a small liberal arts university offering mainly undergraduate programs....
, the University of New Brunswick
University of New Brunswick
The University of New Brunswick is a Canadian university located in the province of New Brunswick. UNB is the oldest English language university in Canada and among the first public universities in North America. The university has two main campuses: the original campus founded in 1785 in...
, 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...
and St. Francis Xavier University
St. Francis Xavier University
St. Francis Xavier University is a post-secondary institution located in Antigonish, Nova Scotia. The school was founded in 1853, but did not offer degrees until 1868. The university has approximately 5000 students.-History:...
.
He was married to Margaret McCain
Margaret McCain
Margaret Norrie McCain, is a Canadian philanthropist, the 27th and first female Lieutenant Governor of New Brunswick.Born in Amos, Quebec, she received a Bachelor of Arts degree from Mount Allison University and a Bachelor of Social Work from the University of Toronto...
, the first female Lieutenant Governor
Lieutenant governor
A lieutenant governor or lieutenant-governor is a high officer of state, whose precise role and rank vary by jurisdiction, but is often the deputy or lieutenant to or ranking under a governor — a "second-in-command"...
of New Brunswick.
In 2007 he gave a record $873,000 to his alma mater, Mount Allison University and on February 21, 2011 he donated $5,000,000 to the University of New Brunswick
University of New Brunswick
The University of New Brunswick is a Canadian university located in the province of New Brunswick. UNB is the oldest English language university in Canada and among the first public universities in North America. The university has two main campuses: the original campus founded in 1785 in...
, Saint John campus for the Wallace McCain Institute, a program for business students and entrepreneurs.
McCain died on May 13, 2011 of pancreatic cancer. He was 81.
External links
- http://www.wallacemccaintribute.ca/