Michael McCain

$1.10 B

Ranked #2448 in World

About Michael McCain

Michael Harrison McCain, a renowned Canadian business executive and newly appointed executive chairman of Maple Leaf Foods, was born on November 13, 1958, in Florenceville-Bristol, New Brunswick. An alumnus of Mount Allison University and the Ivey School of Business, McCain has demonstrated exemplary leadership in the food industry since joining his family's business, McCain Foods, in 1979. His commendable handling of the 2008 Listeria outbreak as Maple Leaf Foods' COO solidified his reputation for crisis management. Despite facing controversy for his outspoken political comments, McCain's business acumen remains lauded. He recently facilitated the transition of CEO responsibilities to Curtis Frank in May 2023. Michael's contributions extend beyond Maple Leaf Foods, as he serves on several boards including the Royal Bank of Canada and the Hospital for Sick Children. His personal life saw a high-profile divorce from Christine McCain in 2013 following a court decree that nullified financial arrangements dictated by his father, Wallace McCain.

Source Of Wealth

Packaged Meats

Industries

Food & Beverage

Citizenship

Canada

Residence

Toronto

Spouse

Christine McCain (Married: 1981; Divorced: 2013)

Children

Parent

Wallace McCain (father), Margaret McCain (mother)

Michael Harrison McCain was born on November 13, 1958, in Florenceville-Bristol, New Brunswick, Canada. He is the son of Wallace McCain, co-founder of McCain Foods, and Margaret McCain, a philanthropist.

Michael McCain: Family

Michael McCain married Christine McCain in 1981, but they divorced in 2013. A court decree nullified a contract imposed by Wallace McCain waiving Christine's right to spousal support.

Michael McCain: Career Highlights

McCain joined McCain Foods' sales department in 1979 and rose to management. He became president of McCain Citrus Incorporated in 1986 and was appointed president and CEO of McCain Foods USA Incorporated in 1990.

In April 1995, McCain joined Maple Leaf Foods as president and COO. He is currently the president and CEO of the company.

Michael McCain: Companies

McCain is a director of Maple Leaf Foods, McCain Capital Corporation, and McCain Foods Group Inc. He is also a board member of the Royal Bank of Canada, the American Meat Institute, and the Hospital for Sick Children. McCain was a former director of the American Frozen Food Institute and Bombardier Inc.

Michael McCain: Major Achievements

McCain is widely recognized for his exceptional crisis management, transparency, ethics, and communication skills during the 2008 Listeria outbreak. His effective recovery strategy included a hiring freeze, except in the food safety department.

Michael McCain: Awards & Achievements

In recognition of his leadership in economic development, McCain received an honorary doctorate from Carleton University in 2014. He was also named Business Newsmaker of 2008 by the Canadian press for his handling of the Listeria outbreak.

Michael McCain: Personal Life & Legacy

McCain's personal life has been marked by both triumphs and challenges. His marriage to Christine McCain ended in divorce, but he remains dedicated to his family and philanthropic endeavors. McCain's legacy is one of innovation, leadership, and a commitment to excellence in the food industry.

Michael McCain: Trivia

In a controversial incident, McCain criticized "a narcissist in Washington" on the company's Twitter account regarding the Ukraine International Airlines Flight 752 incident.

This sparked calls for boycotts and impacted Maple Leaf Foods' stock prices. While some praised his humanity, others criticized him for supplanting shareholder primacy.

In recent developments, McCain announced his appointment as executive chairman of Maple Leaf Foods in May 2022. Curtis Frank was appointed as CEO on May 11, 2023.

Wealth History

Timeline

November 13, 1958

Michael Harrison McCain is born in Florenceville-Bristol, New Brunswick.

1979

McCain graduates from Mount Allison University and Ivey School of Business at the University of Western Ontario with a Bachelor of Arts in business administration.

1979

McCain joins McCain Foods sales department and rises to management.

1981

McCain marries Christine McCain.

1986

McCain becomes president of McCain Citrus Incorporated.

1990

McCain is appointed president and CEO of McCain Foods USA Incorporated.

April 1995

McCain joins Maple Leaf Foods as president and COO.

2008

McCain is praised for his crisis management, transparency, ethics, and communication skills during the 2008 Listeria outbreak.

2008

McCain is named Business Newsmaker of 2008 by the Canadian press.

2013

McCain and Christine McCain get divorced.

2014

McCain receives an honorary doctorate from Carleton University for leadership in economic development.

May 2022

McCain is announced as the executive chairman of Maple Leaf Foods.

May 11, 2023

Curtis Frank is appointed as the CEO of Maple Leaf Foods.

Michael McCain : FAQs

What is Michael McCain's net worth?

As of 2022, Michael McCain's net worth was $1.10 billion.

What are Michael McCain's main sources of wealth?

Michael McCain's main source of income comes from Packaged Meats.

In which industry does Michael McCain primarily operate?

Michael McCain is primarily involved in the Food & Beverage industry.

Who is Michael Harrison McCain and what are his notable positions?

Michael Harrison McCain is a Canadian business executive, known as the executive chairman of Maple Leaf Foods and a prominent figure in various corporations such as McCain Capital Corporation and McCain Foods Group Inc. He has also served on the boards of the Royal Bank of Canada, American Meat Institute, and the Hospital for Sick Children.

How did Michael McCain handle the 2008 Listeria outbreak at Maple Leaf Foods?

During the 2008 Listeria outbreak at Maple Leaf Foods, Michael McCain was praised for his crisis management skills, including transparency, ethics, and communication. His recovery strategy included a hiring freeze, except in the food safety department, earning him the title of Business Newsmaker of 2008 by the Canadian press.

What controversy surrounded Michael McCain regarding Ukraine International Airlines Flight 752?

Michael McCain faced controversy after criticizing "a narcissist in Washington" on the company's Twitter account regarding the Ukraine International Airlines Flight 752 incident. The comment led to calls for boycotts and impacted Maple Leaf Foods' stock prices, drawing mixed reactions regarding his approach to shareholder primacy.

What changes in leadership occurred at Maple Leaf Foods in 2023?

In 2023, Michael Harrison McCain announced he would become the executive chairman of Maple Leaf Foods, and Curtis Frank was appointed as the CEO on May 11, 2023, marking a significant leadership transition within the company.