Case Ootes, Managing Director of the Toronto Community Housing Corporation, announced today that he has requested Keiko Nakamura to step down as Chief Executive Officer of the Corporation. In order to ensure an effective transition, Ms. Nakamura's departure is effective March 25, 2011.
Mr. Ootes has concluded that in light of recent events at the housing corporation and the report from the City of Toronto's Auditor General, a fresh start is needed in the office of the CEO. I have concluded that because of recent events, Ms. Nakamura continuing as CEO would be a substantial distraction for the corporation in its efforts to provide affordable housing to low and moderate income residents, stated Mr. Ootes.
Toronto Community Housing will not be offering any further public comment on this matter.
Manager, Media Relations
Toronto Community Housing