Another of the province’s leading crown corporations is losing a person at the top.
Nancy McKinstry, chair of the Insurance Corporation of B.C., has resigned her post, citing a desire to purse “other professional opportunities”.
A member of the Order of Canada and one of Vancouver’s most prominent businesswomen, Ms. McKinstry had been in the position for less than two years.
In an e-mail sent Friday to ICBC staff, president and CEO Jon Schubert said Ms. McKinstry “has provided wise and professional leadership to the Board since her appointment, and her strong commitment to the governance of ICBC has been outstanding.”
He said he was announcing her leave “with regret” and would personally miss working with her.
Otherwise, ICBC is not commenting on Ms. McKinstry’s departure.
In recent months, BC Ferries CEO David Hahn and BC Hydro head Dave Cobb have stepped down from their positions.
In an interview, Ms. McKinstry rejected any link to the recent executive changes at BC Ferries and BC Hydro, where the provincial Liberal government had made some high-profile, policy interventions.
“It would be wrong to draw dots [to those departures] This is all very amiable,” she said. “We have had a very good relationship with Victoria.”
Ms. McKinstry, 62, said it was a personal decision to step aside.
Her chair responsibilities were more time-consuming than she anticipated and prevented her from following through on other opportunities.
“Being the chair of a crown corporation with 3.3 million customers...is not for the faint of heart,” she said. “It wasn’t leaving me time to pursue other things...in a radically different area.
“Over Christmas, I had a chance to reflect and assess what I really wanted to do...and this is a good time. There are no pressing issues at ICBC. Otherwise, in no way would I walk out of a job like this,” Ms. McKinstry said.
In November, ICBC announced its first rate increases in several years, a move supported by the government.
Last May, however, the new Christy Clark government rejected a proposed ICBC premium structure that included long-term higher rates for drivers with as little as a single speeding ticket blemishing their record.
The government felt sandbagged by the disclosure, coming as it did on the day of Ms. Clark’s by-election, with no advance notice.