James Irving
Encyclopedia
James K. Irving, OC
, ONB
(born 1928) is the eldest son of industrialist K.C. Irving. J.K., as he is normally referred to, along with his brother, Arthur
, share the ownership of what is known informally as the Irving Group of Companies. With an estimated net worth of $US 3.5 billion (as of March 2011), James Irving (with his brother Arthur) was ranked by Forbes
as the 5th wealthiest person in Canada and 310th in the world.
Companies within the Irving conglomerate are vertically integrated
, meaning, where possible, they purchase products and services from other firms within the Irving Group.
In 1996, J.K. was made an Officer of the Order of Canada
. In 2008 he was made a Member of the Order of New Brunswick
, as well as a member of the Canadian Business Hall of Fame
. He is occasionally involved in efforts to preserve the Atlantic Salmon
in northeastern North America.. Irving also started the PALS (Parters assisting local schools) program for school children locally in Saint John N.B. Irving is known for his humble attitude and is very passionate for the advancement of his home province of New Brunswick.
Order of Canada
The Order of Canada is a Canadian national order, admission into which is, within the system of orders, decorations, and medals of Canada, the second highest honour for merit...
, ONB
Order of New Brunswick
The Order of New Brunswick is a civilian honour for merit in the Canadian province of New Brunswick. Instituted in 2000 by Lieutenant Governor Marilyn Trenholme Counsell, on the advice of the Cabinet under Premier Bernard Lord, the order is administered by the Governor-in-Council and is intended...
(born 1928) is the eldest son of industrialist K.C. Irving. J.K., as he is normally referred to, along with his brother, Arthur
Arthur Irving
Arthur L. Irving, OC is the second son of industrialist K.C. Irving. Arthur, along with his brother J.K., share the ownership of what is known informally as the Irving Group of Companies...
, share the ownership of what is known informally as the Irving Group of Companies. With an estimated net worth of $US 3.5 billion (as of March 2011), James Irving (with his brother Arthur) was ranked by Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
as the 5th wealthiest person in Canada and 310th in the world.
Background
After their father's death in 1992, ownership and responsibility for the Irving companies were divided as follows:- James K. — Brunswick NewsBrunswick NewsBrunswick News Inc. is a Canadian newspaper publishing company based in Moncton, New Brunswick. It is privately owned by James K. Irving.-Newspapers:...
(publishing) and J.D. Irving Limited, the conglomerate with interests in forestry, paper, kraft, tissue, wallboard, building supplies, frozen food, transportation, shipping lines, and shipbuilding and several other interests. The company was started by his grandfather, hence the name.
- Arthur — Irving OilIrving OilIrving Oil is a gasoline, oil, and natural gas producing and exporting company. It is also one of the few energy companies in Canada to publicly support the Kyoto Accord. Irving Oil operates one large oil refinery...
, its retail stores, oil refinery, oil tankers and distribution terminals and facilities.
- JackJohn E. IrvingJohn E. Irving, CM was the youngest son of the industrialist K. C. Irving. Jack, as he was called, along with his brothers J.K...
— Died in July 2010.
Companies within the Irving conglomerate are vertically integrated
Vertical integration
In microeconomics and management, the term vertical integration describes a style of management control. Vertically integrated companies in a supply chain are united through a common owner. Usually each member of the supply chain produces a different product or service, and the products combine to...
, meaning, where possible, they purchase products and services from other firms within the Irving Group.
In 1996, J.K. was made an Officer of the Order of Canada
Order of Canada
The Order of Canada is a Canadian national order, admission into which is, within the system of orders, decorations, and medals of Canada, the second highest honour for merit...
. In 2008 he was made a Member of the Order of New Brunswick
Order of New Brunswick
The Order of New Brunswick is a civilian honour for merit in the Canadian province of New Brunswick. Instituted in 2000 by Lieutenant Governor Marilyn Trenholme Counsell, on the advice of the Cabinet under Premier Bernard Lord, the order is administered by the Governor-in-Council and is intended...
, as well as a member of the Canadian Business Hall of Fame
Canadian Business Hall of Fame
The Canadian Business Hall of Fame honours "Canada's most distinguished business leaders", selected by an independent panel representing Canadian business, academic and media institutions....
. He is occasionally involved in efforts to preserve the Atlantic Salmon
Atlantic salmon
The Atlantic salmon is a species of fish in the family Salmonidae, which is found in the northern Atlantic Ocean and in rivers that flow into the north Atlantic and the north Pacific....
in northeastern North America.. Irving also started the PALS (Parters assisting local schools) program for school children locally in Saint John N.B. Irving is known for his humble attitude and is very passionate for the advancement of his home province of New Brunswick.
See also
- Kenneth Colin Irving for an overview and history of the development of the Irving Group of Companies.