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Stanley Ma

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Stanley Ma
Born1950 (age 73–74)
Hong Kong
NationalityCanadian
OccupationBusinessman
Years active1979–present
Known forFounder and owner of MTY Group

Stanley Ma (born in Hong Kong in 1950) is a Canadian businessman and founder and President of MTY Food Group that owns a wide variety of food brands and sells fast food chain outlets. In 2023, the company is behind more than 80 brands[1], with over 7000 locations worldwide.[2]

Career

Ma was born in a family with manufacturing, real estate, and retail sale businesses in Hong Kong. He immigrated to Canada in 1968 and established himself in Montreal, where he took his first job as a dishwasher. In 1979, he opened his first restaurant in Laval, Quebec called Le Paradis du Pacifique that served a Polynesian menu.[3]

In 1983, he launched his chain of Chinese food under the brand name Tiki Ming in Montreal.[4]

In 1997, he founded MTY Food Group and served as its CEO until November 2, 2018.[5] To this day, he remains the largest shareholder in the company, and holds a role of President and Chairman of the Board.[6]

Family

Ma is married to Claude St-Pierre, that held several positions within the company, and is currently a Board Member[7] and a large shareholder. [8] They have 3 children. [9] Their daughter, Katherine Ma, currently holds the role of VP Procurement & Sustainability and Chair of ESG at MTY Group.[1]

Both Stanley and Katherine Ma have been facing negative publicity because MTY Food Group still hasn't made a public commitment to use only cage-free eggs in the company's global supply chain. [10][11]

Awards

Ma was named the 2010 Ernst & Young Quebec Region Entrepreneur of the Year Award and Business-to-consumer products and services category award winner. [12]

References

  1. ^ "MTY chairman Stanley Ma selling up to 880,000 shares in company - BNN Bloomberg". BNN. 2021-04-12. Retrieved 2023-07-24.
  2. ^ "Our DNA". MTY Group. Retrieved 2023-07-24.
  3. ^ Paquet, Stéphane (25 March 2008). "L'énigmatique Stanley Ma, fondateur du Groupe MTY". La Presse (in French). Archived from the original on 2010-10-31. Retrieved 16 December 2017.
  4. ^ Guérard, François (21 March 2011). "Nous mangeons tous à la table de M. Ma". L'actualité (in French). Retrieved 16 December 2017.
  5. ^ Ltd, Kostuch Media (2018-05-03). "Stanley Ma Stepping Down as CEO of MTY". Foodservice and Hospitality Magazine. Retrieved 2023-07-24.
  6. ^ "STANLEY MA UPDATES EARLY WARNING REPORT". Yahoo Finance. 2023-07-17. Retrieved 2023-07-24.
  7. ^ "Board and Committee". MTY Group. Retrieved 2023-07-24.
  8. ^ "STANLEY MA UPDATES EARLY WARNING REPORT". Yahoo Finance. 2023-07-17. Retrieved 2023-07-24.
  9. ^ "King of the food courts". web.archive.org. 2013-11-27. Retrieved 2023-07-24.
  10. ^ "MTY Group and Stanley Ma: Animal Cruelty and Food Safety Risks". MTY Group Cruelty: Filth and Food Safety Risks. Retrieved 2023-07-24.
  11. ^ "MTY Group and Katherine Ma: Animal Cruelty and Food Safety Risks". MTY Group Cruelty: Filth and Food Safety Risks. Retrieved 2023-07-24.
  12. ^ "Quebec Winner: Stanley Ma".{{cite web}}: CS1 maint: url-status (link)
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