Science Fair Project Encyclopedia
David 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 PhD in Economics.
In 1975, after working as a researcher for the Economic Council of Canada, he moved to British Columbia and joined the public service. In 1984, he became Deputy Minister of Finance.
In 1986, he was appointed President and Chief Executive Officer of the Western and 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, he was President and Chief Executive Officer of the newly created Vancouver International Airport Authority , transforming the airport from one of Canada's most congested to one of the most modern and efficient in the world. Today, the airport is a major economic generator for the province due to his vision and expertise.
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 per cent 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%.
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.
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