PwC elects Nicolas Marcoux as new Canada CEO

16 May 2018

Nicolas Marcoux has been elected the new CEO of PwC in Canada. The 29-year veteran of PwC is currently National Managing Partner of Consulting and Deals, as well as the Montreal office head. Marcoux boasts three decades’ worth of experience in corporate finance and mergers and acquisitions (M&A).

Last month, the Big Four accounting and consulting firm announced that Nicolas Marcoux will be replacing Bill McFarland as CEO of PwC Canada. Marcoux, who has been with PwC since 1989, will ascend to the position of CEO on July 1, succeeding incumbent Bill McFarland, who has held the position since 2011.

Marcoux, a specialist in mergers and acquisitions (M&A), is currently the National Managing Partner, Montreal office, Major Cities, and Consulting and Deals — a position he has held since 2015. Previously, Marcoux was the National Deals Leader from 2012-2015, leading PwC’s M&A team and supporting a wide range of clients and industries with corporate finance, transaction services, and valuations, among other services.

Prior to that, Marcoux was a Corporate Finance Partner and Auditor at PwC, specializing in mid-market M&A deals, serving a diverse range of clients, from food & beverage to life sciences to retail. Over the past 20 years, the Montreal native has completed more than 100 transactions, supporting mid-market clients with M&A, divestments, and financing.Nicolas Marcoux, Canada CEO“Nicolas is an exceptional leader who has the passion and vision to lead our clients and firm into the future,” said incumbent CEO Bill McFarland. “He has a track record of engaging and inspiring teams to seize opportunities and innovate, and is passionate about the success our clients, people and communities,” says Bill McFarland, CEO & chief inclusion officer.”

Commenting on his promotion, Marcoux remarked, “I’m very honoured to have been elected as CEO of PwC Canada. Our foundation is strong and we have endless opportunities to continue to build trust and help our clients solve important problems in today’s disruptive and evolving business environment.”

Marcoux holds a Bachelor of Commerce in Accounting from Université de Sherbrooke, and is a Canadian Fellow of Chartered Professional Accountants (FCPA). He is a board member of Orchestre Symphonique de Montréal, and of the Youth in Mind Foundation.

Marcoux takes the reigns of the 6,700 person-strong PwC Canada at a time of growth for the firm. According to research from Audit Analytics, PwC led the Big Four in net public client gains in 2017 — with a net gain of seven new public audit clients. The largest of these new clients was the Canadian subsidiary of Progressive Waste Solutions (now named Waste Connections of Canada) — a firm valued at $11.5 billion.

Nicolas Marcoux will become CEO July 1, the same day that Jad Shimaly takes over as Chief Executive Officer of fellow Big Four consultancy EY Canada. Outgoing EY Canada CEO Trent Henry will move on to the position of EY Global Vice Chair of Talent.


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Engineering consultancy Arup appoints Craig Forrest as Canada leader

17 April 2019

Global design and engineering consultancy Arup has named Craig Forrest as the leader of its Canadian operations.

Founded in London in 1946, Arup is one of the world’s largest engineering consultancies, with 16,000 global employees, including 1,700 in the Americas. Over the course of seven decades, the built environment specialist has worked on projects in more than 160 countries.

Arup opened its first Canadian office in 1999, and today has more than 320 employees in locations in Toronto and Montreal. The firm’s Canadian offices have seen strong organic growth in recent years, with Arup further projecting approximately 20% growth for 2019. The firm has completed many notable projects in Canada, including the structural, mechanical, and electrical engineering work on the Michael Lee-Chin Crystal at the Royal Ontario Museum.

Engineering consultancy Arup appoints Craig Forrest as Canada leader

The consultancy has now appointed company veteran Craig Forrest as its Canada Group leader effective April 1. Forrest, who has been with Arup for 12 years, was most recently the global leader of its business and investor advisory practice, which is based out of London.  Forrest brings more than 24 years of experience in infrastructure advisory, tackling projects across energy, aviation, water, transport, and cities to his new role as the head of Arup in Canada. He will be based out of the Toronto office.

Forrest takes over from Andrew McAlpine, who will remain at Arup as a principal.

"We are excited to welcome Craig to the Toronto office as we continue to grow our business and investor advisory work throughout Canada," Andy Howard, chair of Arup Americas, said. "Craig's track record of providing owners, operators, and investors with strategic market and financial advice combined with his deep technical knowledge positions him well to champion Arup's growing influence in Canada."

Forrest joined Arup in 2007 as the commercial director of its infrastructure practice in Europe. Before that, he was a general manager at Rolls Royce Power Ventures, where he oversaw the development, construction, project financing, and operation of investments across the EMEA region. Forrest started his engineering consulting career at Mott MacDonald

"I am honored to be joining the Canadian team at this exciting moment as the region is poised to achieve significant growth," Forrest said. "The Canadian market is experiencing robust levels of public and private sector investment, and I am confident Arup will continue to deliver a broadening spectrum of highly valued services to our clients to help them conceive, plan and deliver important projects of all types."

Related: Arup launches VR tool to design child-friendly cities