John Ruffolo, head of OMERS Ventures, resigns from Waterfront Toronto advisory panel citing ‘vague’ and ‘broad’ non-disclosure agreement

The head of OMERS Ventures has resigned from a volunteer committee advising Waterfront Toronto on the Quayside development.

In a resignation letter obtained by The Logic, John Ruffolo said he was leaving the group because of the strict confidentiality agreement that the Digital Strategy Advisory Panel was asked to sign.

“I am still unclear what exactly the nature of the confidential matters might be and I cannot sign such a vague and broad agreement as I do not even know exactly what I am agreeing to,” Ruffolo wrote in a July 4 email to Kristina Verner, Waterfront Toronto’s vice-president of innovation, sustainability and prosperity.

In a statement emailed to The Logic, Waterfront Toronto confirmed Ruffolo’s departure. When asked why he had resigned, a spokesperson wrote, “It is not our position to comment on an individual’s personal decision-making.”

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