Terence Bowles is currently a Director of the Mount Royal Club of Montreal. He is also a director of Semafo, a gold mining company with mines in Western Africa, and of the St Lawrence Seaway Management Corporation.
He was born and raised in Quebec, Canada and pursued his undergraduate studies in Applied Science at Laval University, graduating in Chemical Engineering in 1971.
Bowles later attended McGill University in Montreal, where he completed his Masters in Business Administration, the Kellogg Graduate School of Management in Chicago where he completed the Advanced Executive Program, and the London Business School where he completed the Strategic Leadership Program. Bowles then completed the Institute of Corporate Directors Program and received the ICD.D designation.
During his period of studies Bowles received the Governor General's Medal for Highest Academic Standing, the McGill Associate Graduate Fellowship in Management and the McConnell Memorial Fellowship.
His career began in 1971 at Quebec Iron and Titanium (QIT) where he served for a total of 27 years. In 1975, at the completion of his MBA, Bowles joined Dominion Bridge Company in Lachine, Quebec where he was responsible for marketing of industrial products, specifically with regard to the James Bay HydroElectric Development Project.
In 1976, Bowles returned to QIT and the challenging realities of the Mining and Iron and Steel business, as superintendent in the Smelter followed by a list of progressively more senior assignments such as Production Director, vice-president of operations, senior vice-president of planning, technology and finance, executive vice-president and president before joining Iron Ore Company of Canada (IOC) in 2001, as president and CEO.
Under his leadership, IOC experienced an impressive business turn around, dramatically improved safety performance, recapitalized aging infrastructure and updated technology and work methods to increase productivity and output.
Having re-established these business foundations and improved business performance, Bowles launched exciting plans to expand IOC production by 50% with a $1 billion capital investment.