Patrick was very good at unearthing an abundance of opportunities, says Payne. His daughter now divides her time between Toronto and California. This London-based design studio specializes in superyachts, sailing boats, buildings, and even private jets. Often actual yacht ownership by the private individuals mentioned can not be confirmed, at least from a legal point of view. GFL, on the other hand, carried out all maintenance and refuelling overnight. Marie-born billionaire founder of GFL Environmental Inc., issued another statement early Aug. 25 deploring allegations made by New York short-seller Spruce Point Capital Management. The property overlooks downtown Aspen and includes a heated outdoor pool and a garage, The Wall Street Journal reported in 2009. Patrick Dovigi Net Worth Patrick Dovigi Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. A former professional hockey goalkeeper who is familiar with South Florida real estate paid a record price per square foot for a luxury condo in Fisher Island, one of the wealthiest ZIP codes in the country. [16], Dovigi has made financial donations to organizations that include Camp Oochigeas,[17] Habitat for Humanity,[18] Sunnybrook Foundation, The National Ballet of Canada. With thousands of daily visitors and a strong growth rate, The details about yacht ownership as stated on this site and in our Yacht Owners Register are, The content of this website and all associated media are subject to, Embraer Legacy (C-GDJG), Quest Kodiak 100 (C-GKDG). When the results were revealed, GFLs $17.5-million-a-year proposal was $3.5 million less than the next lowest bidder. The interior of the LADY JORGIA yacht was designed by Winch Design, an award-winning studio founded by Andrew Winch and his wife, Jane. Four seats to the left of Mulroney is Patrick Dovigi of Green for Life Environmental, and his wife, Fernanda Dovigi (in orange). His net worth is estimated at $1 billion. The buyer is listed as Patrick Dovigi, a former professional hockey player once drafted by the Edmonton Oilers, who now runs a sanitation company in Ontario. We reserve the right to publish any information submitted to us. A Quest Kodiak has a list price of around $ 2.5 million. Mr. Sanders declined to comment. I wanted to do something where I could control my own destiny.. I had this opportunity to put 85 beautiful, bright green trucks in Canadas largest city, Dovigi says. It was while working at Brovi Investments that Dovigi gained his first experience in waste management. She weighs 2,667 tons and cruises at 14 knots and is capable of going up to 18 knots. given name. The yacht was sold in early 2019. Founder of GFL Environmental, Inc., GFL Waste & Recycling Solutions Corp. and GFL Environmental, Inc., Patrick Dovigi presently is Chairman, President & Chief Executive Officer for GFL . Last week, Spruce Point Capital Management issued a 107-page report that questioned some of Dovigi's business connections and what it described as GFL's "extremely aggressive and opaque business model.". The CEO meets personally with nearly all of GFLs acquisition targets, jetting around the continent on the companys Bombardier jet, and pursues the same type of on-the-ground research he did in Toronto. Toronto is one of them. Patrick Dovigi is a Canadian former hockey goaltender, entrepreneur, businessman and founder, president and chief executive officer of Canadian environmental services company, Green For Life Environmental Inc. (GFL). We are not sure what brand of luxury yacht tender this superyacht has. If Dovigi sees the irony in acquiring the artwork of a photographer whose work documents the horrifying effects of waste, he doesnt show it. DAVID MARLOW The buyer is Patrick Dovigi, who paid a record-setting $72.5 million for a mansion in Aspen in June, The Wall Street Journal has reported. Then theres the squad of activist short sellers who have made an art out of crusading against high-flying Canadian companies with rich valuations and aggressive growth strategies. Mr. Dovigi is president and CEO of Green For Life Environmental, a Canadian environmental services and waste management company. Its all just noise.. No. Patrick has instilled an entrepreneurial culture in GFL's leadership team with a focus on operational excellence, sustainability and safety as core values. He was born in 1975. Federal and provincial governments have begun to mandate that companies take responsibility for end-of-life management of both products and packaging. Their purpose was recon: They needed to know how long it took each city truck to leave the lot, how often trucks emptied their loads, and how many hours it took to collect garbage from 165,000 households in whats known as City of Toronto District 2an area from Yonge Street west to the Humber River, and from Steeles Avenue down to Lake Ontario. Her annual running costs are around $9 million. https://en.wikipedia.org/wiki/GFL_Environmental, https://en.wikipedia.org/wiki/Patrick_Dovigi, https://www.objekt-international.com/beauty-at-the-waterfront/. May 21, 2021 11:30 AM. Please mention SuperYachtFan when using this information.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,100],'superyachtfan_com-medrectangle-4','ezslot_7',683,'0','0'])};__ez_fad_position('div-gpt-ad-superyachtfan_com-medrectangle-4-0'); He lives with his wife Fernanda Dovigi in a large house in Toronto. The details about yacht ownership as stated on this site and in our Yacht Owners Register are sometimes based on rumors. LADY KATHRYN V (203 feet) Owned by Construction CEO Leo Vecellio. And it was delivered in 2017. In 2021 Blundy bought a new yacht the San Lorenzo Lammouche, which he named Cloud 9. On a psf basis, it marks a record on Fisher Island and second priciest countywide, Patrick Dovigi in front of his four-bedroom unit at Palazzo Della Luna (Lifestyle Production Group, Chrisn45, CC BY-SA 4.0/via Wikimedia Commons). He is now an entrepreneur and businessman who is also the Chief Executive Officer of Green For Life Environmental Inc., a waste management company that provides environmental services. The closing of the notes offering and the expansion of our U.S. footprint through the announced acquisitions of WCA Waste Corporation and the Waste Management, Inc. and Advanced Services Disposal, Inc. divestiture assets reflect our strong commitment to a dynamic growth strategy and the creation of long-term shareholder value. So he took to the skies, chartering a helicopter to fly over the lot mornings and afternoons on several occasions, counting trucks to learn how many were left dormant each day. [1][2] In 2017, Dovigi's net worth was estimated at $1.08 billion. It must be the Mafia thats involved, says Dovigi, whose stocky six-foot frame and dark hair would certainly get him an audition for the part. Name * Email * Website. Thats not the case here, insists Dovigi, who says none of the current investors are cashing in on the IPO. None of it is rocket science, but its putting in a lot of time to understand the business on the ground, says Pelosi. Darryl McCoubrey, an analyst with Veritas Investment Research, says investors will be watching to see how GFL manages its debt levels, which are at the high end for the industry. In 2007, Patrick had a vision to create a company that is a "one -stop shop" provider of environmental solutions. BBRC is a private investment company that is active in 3 key portfolios. This was an instant success as many people around the world are interested in, or curious about, these multi-million dollar yachts and their wealthy owners. She weighs 2,200 gross tons and is powered by 2 Caterpillar engines capable of outputting 2680 hp, which enable her to cruise at speeds of 12 knots and can go to a maximum speed of 16.5 knots. [15] Also in 2018, Dovigi was elected to the Board of Directors of the Environmental Research & Education Foundation (EREF). family name. She weighs a hefty 9,604 gross tons, is capable of cruising at speeds of 21 knots, and can go to a maximum speed of 23 knots. 0 references. Theres some irony in the fact that as the Western world faces a garbage crisis, the garbage business is booming. Was it goaltending or big tech? Instead, a few months later, it announced a capital infusion by Teachers, BC Partners and GIC, followed shortly after by its biggest acquisition yet: the $3.7-billion purchase of Waste Industries of Raleigh, North Carolina, which doubled GFLs size. Another is the PHOENIX 2, a 90.1-meter superyacht built-in 2010 by Lurssen. With its exposed brick and ductwork, the place could easily house an app developer. GFL Environmental Inc. was founded in 2007. The half-dozen GFL executives who helped out did the same. With thousands of daily visitors and a strong growth rate,SuperYachtFan became one of thelargest superyacht sites. [9], Dovigi and GFL gained a significantly higher level of prominence when the company won a $186-million, nine-year contract to manage and collect the residential waste of 155,000 homes in the west end of Toronto. Notable projects include Chopi Chopi, Mimtee, and Lady Jorgia.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'superyachtfan_com-box-4','ezslot_3',850,'0','0'])};__ez_fad_position('div-gpt-ad-superyachtfan_com-box-4-0'); Zuccon International Project is an Italian yacht design firm that specializes in the design and engineering of luxury yachts and superyachts. In 2016, the company made its first foray into the U.S. with the purchase of Rizzo Environmental, a Detroit-area garbage hauler. This year, a unit at the Four Seasons Residences at The Surf Club sold for $4,930 per square foot, setting the record countywide. The LADY JORGIA yacht is Patrick Dovigi, a former Canadian hockey goalkeeper. "The notes offering also demonstrates that investors are aligned with our strategy, supportive of management and not easily swayed by the innuendo and flawed analyses in Spruce Point Capital Management's self-serving attack on the company.". In March 2020, the company was stock listed on the Toronto Stock Exchange, valuating the company at $6.1 billion. "The board, led by its independent directors and after discussions with the company's external auditors and consultation with its other advisors, reviewed the short seller's allegations and found them deeply flawed and singularly meant to inflict damage to the company's business, its leadership and its shareholders.". Kayak CEO Steve Hafner paid $40 million for that unit late last year. Delia Mulholland, now claiming to be Vision Crests sole director, denies the SECs allegations and is seeking to sell the Whistler property to pay her husbands legal costs, in addition to taxes owed to the District of West Vancouver and contractors. Every night in the summer, the lights blaze forth and an area of the lake which used to be dark (at night) and suitable for star-gazing is now as bright as a shopping mall, wrote one cottager. But he didnt keep her for long, as she was sold again. She declined to comment. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Greystone sells Lantana apartments to real estate mogul for $10M, Sticker shock: Ranking South Floridas priciest residential rentals, $16M Fisher Island closing tops weekly condo sales in Miami-Dade, Related Group and partners in contract to buy Fisher Island dev site for luxury condo project, High Street, Daiwa bring resi to River Oaks, St. Charles revamp of torched resort takes center stage in local City Hall races, LIV plans massive resi project in Fort Worth, KBS deal to sell Union Bank Plaza to Joel Schreiber delayed for 9th time. Growing up in Sault. On the other hand where theres smoke, there is fire ;-). Tony Soprano, Americas favourite garbageman mobster, had only been off the air a few years when Dovigi splashed onto the scene in Toronto. He also holds 27% of the voting rights. Goalie -- shoots L Born Jul 2 1979 -- Sault Ste. Patrick. Early on, Dovigi realized the importance of building a brand that would unify his acquisitions and stand out, even in the unglamorous world of garbage. Activities include collection, hauling, sorting, transfer, and disposal of non-hazardous solid waste, and hazardous and non-hazardous liquid wastes. In 2007, Patrick had a vision to create a company that is Read More Patrick Dovigi's Phone Number and Email Last Update 11/30/2022 11:28 PM Email p***@gflenv.com Engage via Email Contact Number With thousands of daily visitors and a strong growth rate,SuperYachtFan became one of thelargest superyacht sites. And the yacht is not listed for sale. Brovi Investments had a mortgage on this waste transfer station and Dovigi was assigned to take care of the station's clean-up. People like to think its like an episode of The Sopranos. In July, GFL acquired Canada Fibers, which handles 60% of Ontarios blue-box recycling. I think the lion's share of that will come in through various parts of the year in 2023, and you . It was Dovigis first exposure to the waste business, though he might just as easily have wound up in Hollywoodone of Brovis investments was a broadcast venture with Kisss Simmons called No Good TV; Dovigi spent time in California with the rocker and sat on the companys board, but it was a bust. Please mention SuperYachtFan when using this information! Reflecting on the talk now, he laughs. Andrew Winch started his career by working at Jon Bannebergs design studio. In 2009SuperYachtFanin its current format was published online and soon the focus changed from yacht photos toyacht owners, creating theSuper Yacht Owners Register. Dovigi may be doing all this for a photo shoot, but as he hops into the bucket of a front-end loader and gestures with upturned hands for the driver to lift him higherhigher, he signalsits clear this is a man very much in his element, foul-smelling as it may be. Since my husband has been incarcerated, I have been without the funds other than meagre savings that I had. Our return from first dollar in 2007 to our exit in 2018 was 24 times our money, he says. Armed with reference letters from his government customers in Canada, he met with municipal clients to persuade them to stay. After baby Audrey was born in. It reached that target in 2012, the year it began collecting trash and recycling in western Toronto. Video Link: Continuous Play: ON OFF Wed Feb 22 And according to SEC documents, his annual base salary is $ 1.5 million, with a bonus of $ 3 billion. He says no company in the U.S. is consolidating across different types of waste collectionin particular, liquid waste and industrial servicesas intently as Dovigi is. Except on this day, you could drive a garbage truck through it and not hit anyone, a reflection of GFLs barebones structure. What started as a yacht spotter hobby, turned into a fast-growing yachting site with thousands of unique daily visitors. The aircraft was built in 2019. It is the 4th largest environmental services company in North America. In a response to the SECs lawsuit, also filed April 20, Delia Mulholland, as a Vision Crest director, denies that the properties and the companies were part of her husbands alleged fraud. Patrick Dovigi. Throughout the trial, Mr. Murdaugh's lawyers argued that the police were sloppy in their investigation . A Legacy 450 has a list price of $ 15 million. In her affidavit, she claims to be the sole officer and director of both Vision Crest Consulting Group Ltd. and 2978 High Point Drive Whistler Holdings Ltd., both of which are named in a lawsuit filed by the Securities and Exchange Commission (SEC) as alleged shell companies used to cloak money reaped from her husbands alleged offshore securities fraud scheme. Marie, ONT [43 yrs. Appraiser Jonathan Miller said the transaction sets a price record for a single-family home in the upscale Colorado ski town. Look, when you put on 100 new drivers, theres going to be speed bumps, Dovigi says, noting that the complaints largely went away after the first few months. For decades, Asian markets, particularly China, couldnt get enough of the worlds empty plastic bottles, old newspapers and aluminum cans, which could be cheaply remade into new goods. Now GFL is poised for one of the biggest IPOs in Canadian history. NGTV eventually declared bankruptcy. He is now focused on giving back and supporting philanthropic causes, like a $5-million donation to create the Dovigi Orthopaedic Sports Medicine Clinic at Mount Sinai Hospital, the first dedicated sports-medicine wing at any hospital in . Before he could put his plan into action, Dovigi says he was pushed out by the DiBattista family. The yacht is designed by Zuccon International. Who is Patrick Dovigi? The designer firm is based in Rome, Italy. "GFL's financial disclosures are accurate in all material respects, appropriate and comply with all regulatory requirements. Given my last name, theres been some suspicion, he told an interviewer in 2012. Even before the IPO, Dovigi was, if youll pardon the pun, stinking rich. With thousands of daily visitors and a strong growth rate, The details about yacht ownership as stated on this site and in our Yacht Owners Register are. The short answer: a lot. His . Perks says hell once again vote against contracting out garbage collection when the matter next comes up. The yachts owner was Canadian billionaire Patrick Dovigi. In 2007 he launched Green For Life Environmental Inc. with $25,000. He moved to Michigan and took over day-to-day management of Rizzos business, quickly replacing its trucks with GFLs green machines. The retired professional hockey player-turned-entrepreneur fetched $55 million for the property he bought for $44.5 million last December. The property was purchased by Patrick Dovigi, a Canadian who was a former professional hockey player who is now founder, president and CEO of Green for Life Environmental, a North American. Now, Delia Mulholland claims that the sale of the Whistler property cant go through unless the SECs certificate is lifted. The deal beats the previous record of $3,924 per foot for penthouse 2 at Palazzo Della Luna. Patrick currently serves on the board of directors of the Toronto General & Western Hospital Foundation. Young Patrick showed skill between the posts, and while he was in his teens, he got an agent and moved south to play for the Ontario Hockey League, eventually being traded to the St. Michaels Majors in Toronto. GFL Environmental Inc. (NYSE:NYSE:GFL) Q2 2021 Earnings Conference Call July 29, 2021 8:30 AM ETCompany ParticipantsPatrick Dovigi - Founder, President, Chief Executive OfficerLuke Pelosi -. The buyer is listed as Patrick Dovigi, a former professional hockey player once drafted by the Edmonton Oilers, who now runs a sanitation company in Ontario. Despite its green name, recycling has been a relatively small part of GFLs revenuejust 5.6% in 2018. GFL valued Mr. Dovigi's stock-options grant at $31.52-million, up from a 2020 option grant valued at $26.57-million. This was an instant success as many people around the world are interested in, or curious about, these multi-million dollar yachts and their wealthy owners. It was funny. Marie. Dovigi made an offer when the price of the lot was reduced this year, he said. He is married to Fernanda Dovigni. 0 references. Dovigi now sees an opportunity in the global shifts of the garbage trade. In 2018, GFL merged with Waste Industries, a waste management company in Raleigh, North Carolina, driving Dovigi's net worth to more than $1 billion. The Toronto-based company is active in waste management. Hes the smartest entrepreneur Ive ever seen, and Ive seen a lot of them, says Ted Manziaris, who grew Turtle Island Recycling into a significant player before selling to GFL. The deal follows the sale last year of a $57.25 million home in nearby Vail, Colo., which also set a record for that area, The Wall Street Journal reported. But winning the Toronto contract would be huge. (Photos by Jetphotos.com, Planespotters.net;flightaware.com;flickr.com;picssr.com;planefinder.net) Do you want us to remove a certain photo? LADY JORGIA yacht is a 74-meter superyacht capable of hosting up to 12 guests in her eight spacious cabins, along with 25 qualified onboard crew members. If I can successfully do this, I can do anything.. Adding to this, she can store 40,000 liters of water, and 250,000 liters of fuel, which allows her to cover a distance of over 6000 nautical miles. What started as a yacht spotter hobby, turned into a fast-growing yachting site with thousands of unique daily visitors. Stay updated with the latest yacht news and exclusive deals! Hosting guests are also not a problem as she can easily fit 12 guests in her eight cabins with specifications of 1 Master, 1 VIP, 4 Doubles, and 2 Doubles/Twins. Dovigi used the funds to merge three small companies in 2007 and 2008, and while the initial plan was to grow the company to $50 million in revenue over five years and then sell it, Dovigi blew past that target in the first year. The price of a yacht can vary greatly depending on a number of factors, including the size, age, and level of luxury of the yacht, as well as the materials and technology used in its construction. It wasnt publicly listed for sale this time around. Dovigi has heard the rumours. On the day of our photo shoot, Dovigi arrives in a sleek black Lamborghini SUV, which hed bought three months earlier and planned to swap for another set of wheels three months later. That was not a pleasant experience for me, he says. Patrick Dovigi is the founder of Canadian environmental services company, Green For Life Environmental Inc. Blundy sold his shares and started the lingerie chain Bras N Things.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'superyachtfan_com-medrectangle-4','ezslot_2',696,'0','0'])};__ez_fad_position('div-gpt-ad-superyachtfan_com-medrectangle-4-0'); The boat was available foryachtcharterthrough Burgess Yachts. More:U.S. Vacation-Home Market Is Outpacing the Broader Housing Boom. As a result, the last trucks didnt even leave the lot until after 9 a.m. In the meantime, GFL has grown so much since winning the Toronto contract that it accounts for only a fraction of its business. They also own a summer house on Lake Joseph in Ontario. Along with this, she can also fit 25 qualified crew members. This article was published more than 3 years ago. On a per-square-foot basis, the deal marks a record for Fisher Island and is the second priciest in Miami-Dade. Trophy Wife: Dirigido por Christian Sesma. This raises a question: How long will GFLs existing investors stick around? Patrick Dovigis elbows-up style, penchant for debt-fuelled acquisitionshes completed more than 100 since 2007and sharp eye for marketing have earned him a reputation as a disrupter in the once staid trash business. On Miami Beachs Fisher Island, Yapur more than doubled his money. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. The LADY JORGIA yacht is Patrick Dovigi, a former Canadian hockey goalkeeper. imported from Wikimedia project. In January, Miami-Dade residential sales rose 20 percent, year over year, to 2,645 closings, with condo sales accounting for the majority of deals, jumping 32 percent to 1,637 closings. (Three men who operated the site before Dovigis arrival were ultimately found guilty under Ontarios Environmental Protection Act of causing or permitting contaminants to be released into the environment; they were sentenced to 11 days in jail.). It has 9,000 employees. The wife of accused securities fraud artist Gregg Mulholland wants the BC Supreme Court to remove the U.S. Securities and Exchange Commissions certificate of pending litigation from a property in Whistler to be able to complete a sale, claiming she needs the money to pay her familys living expenses and legal fees. The companys unmistakable lime-green trucks now service more than 100 municipalities in Canada, including parts of Toronto, Hamilton, Halifax and Edmonton, plus hundreds more in the U.S., from bigger cities like Detroit and Nashville to small centres such as Alamance County, North Carolina, and Rochester Hills, Missouri. Or credit a source? It was called Disko Duck. It should be noted that GFL, its operations and this team have been through several very thorough and extensive diligence processes by leading global private equity firms, pension funds and sovereign wealth funds over the course of almost 14 years, as well as being vetted by underwriters and investors throughout a robust initial public offering process. From the moment he and GFL arrived on the waste management scene in 2011by beating out far larger rivals with a low-ball bid to privatize residential garbage collection in a wide swath of west Torontothere have been questions, uttered darkly in anonymous corners of the internet, about how he did it. Dovigi is the Founder, President and Chief Executive Officer of Green for Life Environmental Inc. (GFL), a Canadian waste management company. In 2002, Dovigi gained exposure in corporate finance when he joined Brovi Investments. Dovigi attended Ryerson University in Toronto in 2000, studying business management at the school. He is the founder of BB Retail Capital. But thats changing as the company foresees the emergence of a more sustainable domestic recycling industry. Patrick Dovigi Founder, President, Chief Executive Officer Patrick is the Founder, President and CEO and Chairman of the Board of Directors of GFL. Pool photo by Andrew J. Whitaker. How could a man whose rsum includes a stab at becoming an NHL goalie, a stint in automotive leasing and a failed venture alongside Kiss frontman Gene Simmons, create such a vast fortune from nothing? (Luxury travels of the Billionaire Boys Club)if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'superyachtfan_com-leader-1','ezslot_9',675,'0','0'])};__ez_fad_position('div-gpt-ad-superyachtfan_com-leader-1-0'); The SuperYachtFan team is active in Investigative journalism. Sign in or register for your free account, Spruce Point Capital Management targets waste management giant, Province proposing Mining Act changes to boost critical mineral production, Feds won't match Ontario's billion-dollar Ring of Fire pledge until assessments are done, Indigenous biomass heat and power plant lands $35 million from Ottawa, Dyment Quarry - Dryden ON - Mining Shift Change Supervisor. We spend a lot of team researching and deeply investigating yacht ownership structures. Likewise, maintenance crews clocked out at 5 p.m., he says, which meant all upkeep and repairs had to be done during the day, requiring the city to keep backup trucks on standby. They have 5 children, including 2 from previous marriages. A mansion overlooking downtown Aspen has sold for $72.5 million, according to two people familiar with the deal. City. (It has since been sold for $13 million.) We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Opponents pleaded with council to block the redevelopment, with several citing Dovigis own nearby cottage as a reason. She can accommodate up to 12 guests and 28 qualified crew members. And behind Dovigi, to the left, is Canadian Ambassador to. Meanwhile, this being Canada, GFL also has a class of shares worth 10 votes apiece. (Interestingly, GFLs prospectus says the company intends to use the proceeds to repay certain indebtedness.) But he admits that over time, BC Partners will sell its shares. Dovigi sold the yacht in February 2023 How Much is the ANDREA Yacht? GRACE yacht, formerly known as Kibo, is a 266-foot superyacht built back in 2014 by Abeking & Rassmussen., The SYNTHESIS yacht is billionaire entrepreneurs Mark Scheinbergs $100 million superyacht. Between fights with cottagers, court battles and property flips, you might assume Dovigi has little time for the waste business. [3] In 2018, GFL merged with Waste Industries,[4] increasing Dovigi's net worth to more than $1 billion. The SECs original lawsuit focused on the Mulhollands $5-million West Vancouver home on Mathers Avenue owned through Vision Crest, but the commission amended its claim when it discovered the couple owned a lot in Whistler through another shell company. Brovi also held a mortgage for 310 Waste, a shuttered waste transfer station in Maple, Ontario, that was overloaded with garbage. "The GFL board of directors stands 100 per cent behind the company's management team, strategy and focus on long-term shareholder value in the face of Spruce Point's misrepresentation of the company's public disclosures and their confusion about our industry and even basic accounting principles," added Dino Chiesa, lead independent director of GFL's board.