Onex Corporation announced the promotion of Bobby Le Blanc to President of Onex. Mr. Le Blanc will oversee all of Onex’ business units and become the sole Head of Onex Partners, the firm’s flagship private equity strategy. Mr. Le Blanc’s appointment reflects his decades-long commitment to Onex, his strong reputation among his peers, and his talent as a successful investor with a proven track record of managing teams and driving value creation. Gerry Schwartz will remain Chairman and CEO, with Bobby reporting to him. As part of this leadership change, Anthony Munk will become Vice Chairman of Onex, providing investment advice across the firm and particularly at Onex Partners, as Chair of its Investment Committee. Finally, Seth Mersky will step back from his broader role at Onex and become Vice Chairman of Gluskin Sheff. Mr. Mersky has been an integral part of Onex’ success since he joined the firm in 1997 and he will continue to be an important part of the Onex family through his new role with Gluskin Sheff.