The longtime head of the Thomson family’s holding company is getting into the mobile business.
Geoff Beattie, who ran Woodbridge Co. Ltd. for Canada’s richest family for 15 years, is becoming chairman of Canadian venture capital firm Relay Ventures, which has more than $800-million under management.
Since 2008 Relay has focused exclusively on investing in companies that work in the mobile space, setting it apart. Mr. Beattie has been connected to the firm as an advisor, and because the Thomson family has been an investor in Relay funds. (Disclosure is warranted: Woodbridge is the majority owner of the Globe and Mail and Mr. Beattie has served as a director of the media organisation.) He has a huge network from his time at Woodbridge, and he serves on the boards of General Electric Company, Royal Bank of Canada, and Maple Leaf Foods Inc.