TORONTO — Human resources services and technology company Morneau Shepell has changed its name to LifeWorks Inc. in an effort to highlight its focus on business and wellness.
The name change announced earlier this year takes effect after shareholders on Friday approved the move at the company's annual meeting.
The Toronto-based company says the rebrand supports the organization’s commitment to delivering "total well-being solutions" to businesses and represents a significant milestone in its growth strategy.
President and CEO Stephen Liptrap says that by connecting the two words – life and work – the company’s purpose is made clear.
Former finance minister Bill Morneau led the multinational firm his father founded until he was elected MP for Toronto Centre in 2015.
Morneau served as finance minister before resigning and leaving federal politics in August 2020.
The federal ethics commissioner last week ruled that Morneau broke the Conflict of Interest Act last spring by failing to recuse himself last spring in the decision to have WE Charity administer a since-cancelled student services grant program.
Morneau said in a statement after the ruling that in retrospect, he should have recused himself from the discussion.
Lifeworks says it is in the process of changing its stock ticker on the Toronto Stock Exchange to LWRK from MSI.
This report by The Canadian Press was first published May 17, 2021.
This story was produced with the financial assistance of the Facebook and Canadian Press News Fellowship.
Companies in this story: (TSX:MSI)