Logistec’s Madeleine Paquin has been chosen as a 2023 inductee to the Canadian Business Hall of Fame.
Each year, The Canadian Business Hall of Fame (CBHF) honours and celebrates the achievements of Canada’s business leaders for their vision and leadership, national and global economic impact, community engagement and philanthropy.
“It is my pleasure to congratulate Ms. Paquin for the transformative impact she has made in the logistics and environmental industries,” said CBHF Chancellor, Janice Fukakusa, chancellor of Toronto Metropolitan University.
“Our 2023 Inductees share a common passion to build organizations, pursue innovation, and have laid a foundation for entrepreneurs and future business leaders.”
Paquin, Logistec’s president and CEO, was chosen this year for her achievements at the family business. Logistec is based in Montréal and provides bulk, break-bulk and container cargo handling in 53 ports and 79 terminals located in North America, along with marine transportation services geared primarily to the Arctic coastal trade as well as marine agency services to shipowners and operators serving the Canadian market. It also provides services to industrial, municipal and other governmental customers for the renewal of underground water mains, dredging, dewatering, contaminated soils and materials management, site remediation, risk assessment, and manufacturing of fluid transportation products.
Paquin inherited an entrepreneurial spirit from her father, Roger Paquin, the founder of Logistec, who prepared her to take over the family business by instilling in her the values of commitment and ambition. She initially joined the company as a sales representative for subsidiary March Shipping, a company she later headed.
Paquin was 33 years old when she was appointed President and CEO of Logistec in 1996. From that point on, she committed to growing both business segments of the company — its marine and its environmental services — in parallel.
“Madeleine Paquin boldly leads innovation in supply chain practices and environmental protection, two major economic imperatives for the Canadian economy,” said Ingrid Stefancic, vice-vresident, corporate and legal services and corporate secretary.
“Madeleine is a visionary and one of the most remarkable entrepreneurs of her generation, and I’m honoured to have been working with her since 1997.”
The Canadian Business Hall of Fame was established in 1979 to recognize exceptional and visionary business leaders for their contributions to the economic development and prosperity of Canada. Each year, individuals are nominated by their peers and are chosen by an independent selection committee representing Canada’s foremost private sector, academic and media institutions convened by Korn Ferry, the official CBHF Selection Partner.
This years other inductees are Edward Sonshine, founder and chair, RioCan REIT; Jim Boucher, president, Saa Dene Group of Companies; and Hugh Anthony Arrell, chair and co-founder, Burgundy Asset Management Ltd.