The executive chairman of Invest Nova Scotia has resigned just two weeks after Premier Tim Houston announced his appointment to help push the creation of the Crown’s new economic development corporation.
In a statement, Houston said he “reluctantly accepted” the resignation Wednesday of Tom Hickey, someone he has described as a longtime personal friend.
“Public service, in all its forms, requires great sacrifice on the part of those who take on the challenge, and I appreciate Mr. Hickey’s candor in assessing his ability to make the sacrifices necessary to deliver the level of care required by Invest Nova Scotia.” Houston said.
In an interview with CBC on Wednesday, Economic Development Minister Susan Corkum-Greek said Hickey’s decision was based on re-evaluating his own businesses and “a particular acquisition that he’s finalizing right now.”
“He finally realized he didn’t have the time to put in the work that was needed,” he said.
Economic Development Minister Susan Corkum-Greek will now oversee the search for a new leader for Invest Nova Scotia. (George Sadi/CBC)
Although disappointed, Corkum-Greek said she respects the decision. The minister said the few weeks she worked with Hickey confirmed to her that he had the necessary qualities for the job.
Houston announced late last month that Hickey, a businessman and entrepreneur with more than two decades of experience, would take on the role of executive chairman of Invest Nova Scotia until a full-time CEO is named.
Corkum-Greek said the search is ongoing, and in the meantime, she and senior officials in her department will lead the transition.
“Even though this wasn’t the original path, you know, that was envisioned, I’m fully embracing it and I’m committed to it. I know how important it is in terms of our government’s vision for economic development. [and] our commitments to Nova Scotians.”
Simplified Crown Corporations
The new Crown corporation is created through the consolidation of Innovacorp, Nova Scotia Business Inc. and the Invest Nova Scotia Fund as part of the government’s efforts to streamline its approach to economic development in the province. Along with Build Nova Scotia, it will be finalized following the passage of legislation expected to be introduced during the upcoming fall session in Province House.
At the same time, the appointment of Wayne Crawley as Executive Chairman of Build Nova Scotia was announced, replacing Nova Scotia Lands and Develop Nova Scotia.
Houston said he identified Crawley and Hickey from a short list of candidates. Each was expected to receive $1,500 a day, up to $18,000 a month, for their work.
“They’re personal friends of mine,” Houston said on July 26. “I’ve known them for a long time. They have very, very competent people and I have tremendous faith in their abilities.”
Corkum-Greek said Hickey has indicated he will not bill the province for any work he did before he resigned.
“This was never about the money for a person like Mr. Hickey,” he said.
“The fact that he’s now saying, ‘Look, we’re on the right track. No payment is required,’ is consistent with Tom’s commitment all along, which has really been: What can I do for my province?”
Hickey could not be reached for comment.