David M. Penney is the new President of the TEI

David M. Penney, General Director – Taxes for General Motors of Canada Limited in Oshawa, Ontario, Canada, has been elected the President of Tax Executives Institute (TEI), effective August 9. 

A member of TEI’s Toronto Chapter for nearly two decades, Mr. Penney previously held several important positions in TEI’s leadership, most recently as Senior Vice President and chair of the Continuing Education Committee. He has been a member of TEI’s Executive Committee and Vice President for Canadian Affairs in 2004-2005.  He has also chaired TEI’s Canadian Income Tax Committee.  Mr. Penney has served as President of the Toronto Chapter as well as the chapter’s representative on TEI’s Board of Directors. 

A chartered accountant with a B. Commerce degree from Carleton University, Mr. Penney began his tax career with Revenue Canada (now called the Canada Revenue Agency), rising to the position as Section Chief of the Large File Program in the Toronto East Tax Services Office.  He joined General Motors Canada in 1991.  He has served as a member of the tax agency’s Large File Advisory Committee, and has participated in numerous meetings with government tax officials, in Canada and the United States.   In addition to his TEI activities, Mr. Penney has chaired the tax committees of the Toronto Board of Trade, the Canadian Manufacturers & Exporters Association, and the Canadian Vehicle Manufacturers Association.