The University of Manitoba and The Associates, a group of more than 260 prominent business leaders who support the Asper School of Business, are delighted to announce Stu Clark as the recipient of the 2012 International Distinguished Entrepreneur Award (IDEA).
“It is particularly fitting that in the year of the Associates’ 30th Anniversary we are recognizing Stu Clark, an I.H. Asper School Alumnus, to receive this prestigious award,” says Arni Thorsteinson, chair of the IDEA Committee for the Associates and president of Shelter Canadian Properties Limited. “The IDEA Committee felt strongly that this was the perfect time to recognize a deserving, Manitoba-born and educated entrepreneur of international stature.” Previous recipients born in Manitoba are Albert D. Cohen, O.C., Israel H. Asper, O.C., Q.C., and Gerald W. Schwartz.
“The University of Manitoba is delighted that Manitoba-born entrepreneur and I.H. Asper School alumnus Stu Clark will be recognized as the 30th IDEA recipient; a true trailblazer, he can rightfully stand among the other great international entrepreneurs who have been recognized in the past,” says David T. Barnard, President and Vice-Chancellor of the University of Manitoba.
Stu Clark is a Calgary oil and gas entrepreneur. He is Chairman of Storm Resources Ltd. and Rock Energy Inc.as well as Lead Director of Chinook Energy Inc. Mr. Clark is also Chairman of Alliance Trust Company, a private trust and shareholder services firm, servicing public and private entities in Alberta and Saskatchewan.
Mr. Clark was born and raised in Manitoba and educated in Brandon and Winnipeg, before beginning his entrepreneurial career in the oil and gas industry in Calgary.
Mr. Clark earned his B. Comm. (Hons.) from the University of Manitoba in 1976, and in 2011 was recognized by the University of Manitoba with an honourary Doctor of Laws.
Over three decades, Mr. Clark translated his education into starting, running and then selling several oil and gas exploration companies. Mr. Clark has been involved in the start-up and reorganization of a number of Calgary-based public and private entities.
Mr. Clark moved to Calgary in 1984 with the Northland Bank. In 1986 he founded Pinnacle Resources Ltd. and raised $2 million of shareholder capital. The company was sold in 1998 for $1 billion.
A renowned entrepreneur, philanthropist and volunteer, Stu Clark is recognized for his tireless dedication to supporting a variety of charities and educational institutions in Canada. His donation to the University of Manitoba enabled the establishment of the Stu Clark Centre for Entrepreneurship in the I.H. Asper School of Business. Mr. Clark has been a strong supporter of the Canadian Museum for Human Rights and became a Director of The Friends of the Canadian Museum for Human Rights this year.
He remains active in the Calgary business community and is married with three adult children.
Dean Michael Benarroch of the I.H. Asper School of Business applauded the recipient choice, saying “there could not have been a more appropriate recipient for 2012; it is the 75th Anniversary of the School and the 25th Anniversary of our home, the Drake Centre. September will be a month of celebration culminating with the presentation of the IDEA to a distinguished alumnus of the School.”
The award will be presented to Mr. Clark at a formal dinner in Winnipeg at the Winnipeg Convention Centre on Thursday, September 27, 2012, where Mr. Clark will be presented with a custom-made pure gold medal produced by the Royal Canadian Mint specifically for the award.
The Associates are committed to ensuring that the Asper School of Business remains one of the top business schools in Canada. The Associates support and promote interaction between the business community, faculty and students through programs and events including the IDEA presentation.
“RBC Royal Bank is proud to partner for the third time with the Associates of the Asper School of Business for this year's IDEA Gala,” says Rob Johnston, Regional President Manitoba, Saskatchewan, and North Western Ontario. “We are honoured to be a part of an event that recognizes and celebrates tremendous entrepreneurial success and contribution to our society.”
Mr. Clark joins past IDEA recipients including Sir Richard Branson, Paul Desmarais, Akio Morita, Ross Perot, Heather Reisman, Dame Anita Roddick, Gerald Schwartz, Peter Munk, Jim Balsillie, Murray Edwards and last year’s recipient Jim Sinegal.