How did Denis Turcotte become Canada’s CEO of the year?

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Gerald A. Kraines, M.D., president and CEO of The Levinson Institute, writes about Denis Turcotte and his being named “CEO of the Year” in 2006 by Canadian Business magazine. Turcotte’s story is one of inspiration and achievement. Kraines, who worked many years with Elliott Jaques and who wrote the book, Accountability Leadership, building on Jaques’s concepts, has been one of Turcotte’s major consultants for more than ten years in three successive senior executive roles. Here, Kraines condenses the Canadian Business article and describes the many aspects of RO leadership that Turcotte applied to successfully transform Algoma Steel. With the application of requisite concepts, Turcotte was able to change the culture at Algoma Steel and achieve a major turnaround in a firm that had been teetering on the brink of bankruptcy twice in the previous ten years.