Difference between revisions of "R. Donald Fullerton"
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{{person | {{person | ||
| − | |wikipedia= | + | |wikipedia=https://en.wikipedia.org/wiki/R._Donald_Fullerton |
| − | |description=Canadian banker | + | |description=Canadian banker who attended the [[1990 Bilderberg meeting]]. |
|image=R. Donald Fullerton.png | |image=R. Donald Fullerton.png | ||
|alma_mater=University of Toronto | |alma_mater=University of Toronto | ||
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|constitutes=businessman, banker | |constitutes=businessman, banker | ||
| − | }}'''R. Donald Fullerton''' was a [[Canadian]] banker. From 1976 to 1986 he was president and from 1985 to 1992 as chairman of the [[Canadian Imperial Bank of Commerce]]. | + | }}'''R. Donald Fullerton''' was a [[Canadian]] banker. From 1976 to 1986 he was president and from 1985 to 1992 as chairman of the [[Canadian Imperial Bank of Commerce]], where he attended the [[1990 Bilderberg meeting]]. |
| + | ==Education== | ||
| + | Robert Donald Fullerton was born in [[Vancouver]] on 7 June 1931. Fullerton attended Forest Hill Village High School in Toronto, then Trinity College School in Port Hope. He then attended the University of Toronto, where he graduated Bachelor of Arts in 1953. While at university, Fullerton was a member of [[Kappa Alpha Society|Kappa Alpha]]. | ||
| + | |||
| + | == Career == | ||
| + | Upon graduation, Fullerton joined the [[Canadian Bank of Commerce]] in Vancouver. On 1 June 1961, the Bank of Commerce merged with the [[Imperial Bank of Canada]] to become the Canadian Imperial Bank of Commerce. Fullerton was assigned to the head office in Toronto in 1967, where he became regional general manager, international.<ref>"Announcement," ''Globe and Mail'', (23 June 1967), B2.</ref> In 1968 he was appointed deputy chief general manager of operations.<ref>"Greenwood named Commerce president, youngest bank head," ''Globe and Mail'', (5 April 1968), B1.</ref> In 1971 he became a senior vice-president, and in 1973 an executive vice-president.<ref>"Canadian Imperial Bank of Commerce," ''Globe and Mail'', (20 December 1973), B3.</ref> | ||
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| + | On 14 December 1976, Fullerton was appointed president of the bank, succeeding [[Russell E. Harrison|Russell Edward Harrison]]. The presidency came along with the title of chief operating officer.<ref>"Canadian Imperial Bank of Commerce," ''Globe and Mail'', (16 December 1976), B2.</ref> In August 1980, he gained the additional title of vice-chairman.<ref>"Canadian Imperial Bank of Commerce," ''Globe and Mail'', (13 August 1980), B3.</ref> In 1980, amid struggles at the bank, Fullerton attempted to a coup to seize Harrison's office. Ultimately, he failed to win the support of the board. Harrison punished Fullerton for his insubordination by stripping him of the chief operating officer role, and assigning him to work on strategic planning. However, by 1983, Harrison was enmeshed in the mess of the bank's loan to [[Dome Petroleum]]. Fullerton devised a plan to streamline the bank, which was, according to an insider, the "answer to the board's prayer."<ref>Jan Wong, "Canadian Imperial Bank of Commerce: The Early Grab," ''Globe and Mail'', (16 May 1987), B1.</ref> | ||
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| + | In May 1984, Fullerton succeeded Harrison as chief executive officer, while Harrison remained chairman.<ref>"Canadian Imperial Bank of Commerce," ''Globe and Mail'', (8 May 1984), B3.</ref> On 17 January 1985, Harrison announced his retirement as chairman, and Fullerton was elected as his replacement.<ref>Martin Mittelstaedt, "Harrison resigns as CIBC chairman," ''Globe and Mail'', (18 January 1985), B1.</ref> At this time, Harrison was in the rare position of being the bank's president, chairman, and chief executive. In April 1986, Fullerton reorganised the bank into three business units, each of which would have its own president. The personal banking division was headed by Warren Moysey, the corporate banking unit by Alvin Flood, and the investment banking unit by [[Paul Cantor (Canadian lawyer)|Paul Cantor]]. Fullerton retired as chairman and chief executive on 7 June 1992, and was succeeded in both roles by Alvin Flood.<ref>"Canadian Imperial Bank of Commerce," ''Wall Street Journal'', (18 May 1992), B10.</ref> | ||
== Board memberships == | == Board memberships == | ||
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==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
| − | {{ | + | {{PageCredit |
| + | |site=Wikipedia | ||
| + | |date=12.12.2024 | ||
| + | |url=https://en.wikipedia.org/wiki/R._Donald_Fullerton | ||
| + | }} | ||
Latest revision as of 23:57, 19 December 2024
 R. Donald Fullerton    (businessman, banker) | |
|---|---|
 | |
| Born | June 7, 1931 |
| Died | May 29, 2011 (Age 79) |
| Nationality | Canadian |
| Alma mater | University of Toronto |
Canadian banker who attended the 1990 Bilderberg meeting. | |
R. Donald Fullerton was a Canadian banker. From 1976 to 1986 he was president and from 1985 to 1992 as chairman of the Canadian Imperial Bank of Commerce, where he attended the 1990 Bilderberg meeting.
Education
Robert Donald Fullerton was born in Vancouver on 7 June 1931. Fullerton attended Forest Hill Village High School in Toronto, then Trinity College School in Port Hope. He then attended the University of Toronto, where he graduated Bachelor of Arts in 1953. While at university, Fullerton was a member of Kappa Alpha.
Career
Upon graduation, Fullerton joined the Canadian Bank of Commerce in Vancouver. On 1 June 1961, the Bank of Commerce merged with the Imperial Bank of Canada to become the Canadian Imperial Bank of Commerce. Fullerton was assigned to the head office in Toronto in 1967, where he became regional general manager, international.[1] In 1968 he was appointed deputy chief general manager of operations.[2] In 1971 he became a senior vice-president, and in 1973 an executive vice-president.[3]
On 14 December 1976, Fullerton was appointed president of the bank, succeeding Russell Edward Harrison. The presidency came along with the title of chief operating officer.[4] In August 1980, he gained the additional title of vice-chairman.[5] In 1980, amid struggles at the bank, Fullerton attempted to a coup to seize Harrison's office. Ultimately, he failed to win the support of the board. Harrison punished Fullerton for his insubordination by stripping him of the chief operating officer role, and assigning him to work on strategic planning. However, by 1983, Harrison was enmeshed in the mess of the bank's loan to Dome Petroleum. Fullerton devised a plan to streamline the bank, which was, according to an insider, the "answer to the board's prayer."[6]
In May 1984, Fullerton succeeded Harrison as chief executive officer, while Harrison remained chairman.[7] On 17 January 1985, Harrison announced his retirement as chairman, and Fullerton was elected as his replacement.[8] At this time, Harrison was in the rare position of being the bank's president, chairman, and chief executive. In April 1986, Fullerton reorganised the bank into three business units, each of which would have its own president. The personal banking division was headed by Warren Moysey, the corporate banking unit by Alvin Flood, and the investment banking unit by Paul Cantor. Fullerton retired as chairman and chief executive on 7 June 1992, and was succeeded in both roles by Alvin Flood.[9]
Board memberships
Fullerton was a member of the York Club, Toronto Club, Rosedale Golf Club, Granite Club, Caledon Ski Club, Queen's Club, Mount Royal Club, and Metropolitan Club. He served as a director of IBM Canada, Amoco Canada, North American Life, Husky Oil, Westcoast Transmission Company, Honeywell, George Weston, Alcan, Coca-Cola, Ontario Hydro, Wellesley Hospital, Canadian Eastern Finance, and Massey Ferguson. He was a governor of Crescent School and Bishop Strachan School, and was the honourary treasurer of the Royal Ontario Museum. Fullerton was a member of the United Church of Canada.[10]
Event Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| Bilderberg/1990 | 10 May 1990 | 13 May 1990 | New York US Glen Cove | 38th Bilderberg meeting, 119 guests |
References
- ↑ "Announcement," Globe and Mail, (23 June 1967), B2.
- ↑ "Greenwood named Commerce president, youngest bank head," Globe and Mail, (5 April 1968), B1.
- ↑ "Canadian Imperial Bank of Commerce," Globe and Mail, (20 December 1973), B3.
- ↑ "Canadian Imperial Bank of Commerce," Globe and Mail, (16 December 1976), B2.
- ↑ "Canadian Imperial Bank of Commerce," Globe and Mail, (13 August 1980), B3.
- ↑ Jan Wong, "Canadian Imperial Bank of Commerce: The Early Grab," Globe and Mail, (16 May 1987), B1.
- ↑ "Canadian Imperial Bank of Commerce," Globe and Mail, (8 May 1984), B3.
- ↑ Martin Mittelstaedt, "Harrison resigns as CIBC chairman," Globe and Mail, (18 January 1985), B1.
- ↑ "Canadian Imperial Bank of Commerce," Wall Street Journal, (18 May 1992), B10.
- ↑ Who's Who in Canada 1980, (University of Toronto Press, 1980), 341.
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