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|ISPA Angel Award Recipient - Michael M. Koerner|
ISPA Award Recipient
Michael M. Koerner
2019 Angel Award Recipient
Michael M. Koerner is President of Canada Overseas Investments Limited which he founded in 1958 and which was an early Canadian venture capital participant focussing on low technology opportunities which included developing cable TV franchises, integrated mini steel mills, monopolar electric cells to convert chemicals and even cheque printing. He was also an early participant in the oil sands industry starting with Great Canadian Oil Sands, Sun Oil Co. of Canada, Suncor Energy, where he was active as a director and two terms as Chairman. He also served as a director of several companies including CAE Industries, Pratt & Whitney Aircraft, Finning International and JP Morgan Canada. He is currently serving on the boards of funds in the Strathbridge organization.
Mr. Koerner was educated in England and Canada and did his higher education at the Massachusetts Institute of Technology where he majored in chemical engineering, after which he received an MBA from the Harvard Business School. Mr. Koerner is a life trustee of his alma mater, MIT, and has at various times been on the Executive Committee and Chairman of its Investment Committee.
Mr. Koerner has been active in Toronto cultural organizations. He is currently Chancellor of the Royal Conservatory of Music and a Trustee of the Art Gallery of Ontario, of which he is a past president. He serves as a director and treasurer of the Ontario Arts Foundation and as director and secretary-treasurer of the Ontario Cultural Attractions Fund. In prior years he served on the boards of the Toronto Symphony, the National Ballet of Canada and the National Ballet School, and the Bata Shoe Museum. Mr. Koerner is a member of the Order of Canada and also a recipient of Honourary Doctor of Laws degrees from Queen’s University, Kingston and the University of British Columbia, Vancouver.
Mr. Koerner is married to Sonja Novak, who was born in Lima, Peru, and attended Wellesley College outside of Boston. They had three daughters and have twelve grandchildren, one of whom graduated from MIT with much better grades than his grandfather.