By Lucas-Matthew Marsh
Local Journalism Initiative Reporter
Iori:wase
Kristan Straub was appointed the inaugural president and Chief Executive Officer (CEO) of the Canada Indigenous Loan Guarantee Corporation (CILGC). The position will place him at the forefront of major infrastructure projects across Canada in the coming years.
The Canada Development Investment Corporation (CDEV) announced the appointment last week, after searching for candidate’s from across the country.
“The appointment of CILGC’s inaugural President and CEO is a significant milestone in delivering the Indigenous Loan Guarantee Program,” Elizabeth Wademan, President and CEO of CDEV, said on Straub appointment. “Kristan is an exceptional leader with the experience, judgment and credibility needed at this critical moment.”
Straub has worked in the mining sector for the past 25 years, including being the CEO of Wyloo Canada from 2023 to 2025. As a member of the Henvey Inlet and French River No. 13 First Nation, Straub has often acted as a mediator between the sector and Indigenous communities.
“Kristan brings deep executive leadership, operational expertise, and a strong understanding of major project risk,” Michael Bonshor, Chair of CILGC’s Board of Directors, said. “His experience working alongside Indigenous partners, combined with his credibility in capital-intensive industries, will be instrumental as CILGC continues to deliver its mandate across Canada.”
Straub will play a central role in the distribution of CILGC’s $10-billion Indigenous Loan Guarantee Program, which is designed to facilitate Indigenous ownership in major projects such as the proposed high-speed rail line between Toronto and Quebec City. The program is intended to help Indigenous communities and business owners overcome systemic barriers restricting access to capital posed by Section 89 of the Indian Act.
“It is an honour to be appointed CEO of the Canada Indigenous Loan Guarantee Corporation,” Straub said. “By enabling Indigenous ownership and partnership, CILGC advances reconciliation in a practical and lasting way. I look forward to working with Indigenous communities, lenders, industry and government to support Indigenous-led investment, economic inclusion and shared prosperity.”