Gary Kain, Director
Mr. Kain obtained a B.A. and an M.B.A. from McMaster University in 1969 and 1973, respectively. In 1975 he obtained a C.A. designation from The Institute of Chartered Accountants of Ontario. In 1986 he obtained a C.B.V. designation from The Canadian Institute of Chartered Business Valuators.
From 1975 until 1983, Mr. Kain was employed by various Toronto-based investment banking and accounting firms in the business valuation, merger and acquisition and corporate finance fields.
From 1984 until 1988, he was employed by Canadian Satellite Communications Inc. (Cancom), a TSE-listed satellite communications and broadcasting company. He started with Cancom as V.P. Finance and was subsequently promoted to CFO and then COO.
In 1988 he conceived of and founded Regional Cablesystems Inc., a Cable TV, high-speed Internet and telecom company with operations throughout Canada and the Bahamas. At Regional, Mr. Kain was CEO and Chairman of the Board of Directors. The company (which was later renamed Persona Inc.) was listed on the TSE and was included in the TSE 300 index. When sold in 2004 for gross proceeds of $406 million, the company employed 550 individuals, had $175 million in revenue, $75 million in cash flow and provided service to over 1,100 communities in Canada and 15 islands in The Commonwealth of the Bahamas.
In addition to Regional Cablesystems Inc., Mr. Kain is (or has been) a member of the board of directors of the following organizations: Cable Bahamas Ltd., a publicly traded telecommunications company with operations throughout the Bahamas; The Community Foundation of Oakville, a charitable foundation serving the community of Oakville; Norsat International Inc., a TSE-listed manufacturer of satellite communications equipment; Sheridan College, a college of technology and advanced learning, with approximately 15,000 full time students; Oakville Hydro Ltd., a local hydro-electric power distribution company; Organic Resource Management Inc., a TSXV-listed provider of vacuum truck services for the collection, treatment and disposal of non-hazardous liquid waste and the production of energy therefrom; Summit Broadband Inc. (and its wholly owned subsidiary, The Orlando Telephone Company, Inc.), a facilities-based broadband provider specializing in the hospitality and private community sectors in Central Florida; and McMaster University, a research intensive institution of approximately 25,000 graduate and undergraduate students which is ranked as one of the top 100 universities in the world.
He was a member of the Canadian government-appointed Local Network Convergence Committee; the author of a number of articles on business valuations; and a lecturer for the Law Society of Upper Canada and the Ontario Institute of Chartered Accountants. In 2007, he was inducted into the McMaster University Alumni Gallery. He is married with two children and resides in Oakville, Ontario.
Articles detailing Mr. Kain’s career may be found in The Globe and Mail (March 9, 1991) and Canadian Business (September 4, 2000).