September 30, 2005
Source: McGill University:
The life of Seymour Schulich: Biographical notes
Source: University Relations Office (URO) [newswire]
September 30, 2005
Seymour Schulich, 65, an entrepreneur and philanthropist, is co-founder of Franco-Nevada Mining Corporation and Chairman of Newmont Capital Limited.
Born in Montreal, Schulich received a Bachelor of Science in 1961, a Master's of Business Administration in 1965 and an Honorary Doctorate in 2004 from McGill University. He obtained his Chartered Financial Analyst degree from the University of Virginia in 1969. His career began at the Shell Oil Company, and then Eastern Securities Ltd. Later, he joined the newly formed firm Beutel, Goodman & Company Ltd., where he became a partner and Vice-President. He moved with the company to Toronto in 1977.
Today, Schulich is Vice-Chairman Emeritus of the company, one of the largest pension fund management companies in Canada. His career at Beutel, Goodman spanned 22 years (1968 to 1990). During his last three years he served as president. In 1978, Schulich pioneered the concept of royalty payments in the mining industry and created two gold royalty companies, Euro-Nevada and Franco-Nevada, in partnership with Pierre Lassonde. As co-founder, Chairman and Co-Chief Executive Officer of Franco-Nevada Mining Corporation, his team developed the corporation into the largest royalty resource company in the world. In 2002, Franco-Nevada merged with Normandy Mining Limited of Australia and Newmont Mining Corporation, creating the largest gold mining company in the world, Newmont Mining Corporation. Schulich is Director of Newmont Mining and Chairman of its merchant banking division.
A prominent Canadian philanthropist, Schulich has donated extensively to universities and health care centres across North America. He is the benefactor of the Schulich School of Business at York University, the Schulich Heart Centre at Sunnybrook and Women's College Health Sciences Centre in Toronto, the Library of Science and Engineering at McGill University, a student residence and a chemistry hall at the University of Nevada, and numerous student scholarships across Canada.
Two more schools were named after Schulich, in recognition of his philanthropy, in 2004-05: the School of Medicine & Dentistry at the University of Western Ontario and the Schulich School of Engineering at the University of Calgary. In both cases, the gifts were the largest in the history of the two institutions. In September 2005, in recognition of his philanthropic gift of $20 million, McGill named its Faculty of Music the Schulich School of Music of McGill University.
Schulich has more than 35 years' experience in the natural resource business, having served on the boards of numerous oil and mining companies and philanthropic organizations. His many accolades include being named "Mining Man of the Year" along with his business partner Pierre Lassonde in 1997. He was awarded the Order of Canada in 2000, the highest recognition a Canadian civilian can receive, and he has received an honorary doctorate from York University.
He is married to Tanna, his wife of 36 years. He has two daughters, Deborah and Judith, and is grandfather to Jade and Solomon Steele. He lives in Willowdale, Ontario.
McGill University Relations Office