Seymour Schulich, 67, 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 and a Masters of Business Administration in 1965, both 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 the last 3 years he served as President.

In 1978, Schulich pioneered the concept of royalty payments in the mining industry and created two royalty companies, Euro-Nevada and Franco-Nevada with Pierre Lessonde. As Co-Founder, Chairman and Co-Chief Executive Officer of Franco-Nevada Mining Corporation, his team developed it 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 over $200 million to universities, foundations and health care centres across North America. He is the benefactor of the Schulich School of Business at York; the Schulich Heart Centre at Sunnybrook and Women’s College Health Centre in Toronto; the Library of Engineering and Science at McGill University; a student residence and chemistry hall at the University of Nevada; and numerous student scholarships across Canada. In March 2004, The University of Western Ontario named its Medical Faculty, The Schulich School of Medicine to commemorate the largest benefaction ever received by this University. In June of 2005, The University of Calgary named its engineering faculty, the third largest in Canada and the first to be named, The Schulich School of Engineering. In October 2005, the largest music faculty in Canada located at McGill University was renamed, The Schulich School of Music. In September 2006, Technion-Israel Institute of Technology named its Chemistry Faculty in honour of Mr. Schulich.

Schulich has more than 35 years experience in the natural resource business, having served on the boards of numerous oil and mining companies and many philanthropic organizations. His many accolades include being named “Mining Man of the Year” along with his business partner Pierre Lassonde in 1997; in 2001 he was recipient of the St. George’s Society of Toronto “Award of Merit”; he was awarded The Order of Canada in 2000, the highest recognition a Canadian civilian can receive; he has received honorary doctorates from York University and McGill University; on January 19, 2006 he was inducted into the Canadian Mining Hall of Fame.

Derek DeCloet is one of Canada’s most respected business journalists. He is a widely read columnist for The Globe and Mail newspaper.