MNP’s Founding Partner Passes, Leaves Lasting Legacy

Don Penny

Calgary, Alberta-based MNP, formerly known as Meyers Norris Penny, announced today that founder Don Penny, 80, passed away Nov. 28 in Brandon General Hospital in Brandon, Manitoba.

“As we reflect on Don’s legacy, we are filled with admiration and gratitude for his vision, courage, leadership and passion. He will forever be remembered for his entrepreneurial drive to take risks and pursue a vision of a different type of accounting firm – one that saw a future in a holistic offering of professional services and that served clients in diverse markets across Canada,” Jason Tuffs, MNP’s CEO, says in a statement. “Don put in place the elements that allowed the firm to grow rapidly, but gracefully – from its beginnings as a regional accounting firm based in Brandon, Manitoba, to the national firm we have become today. MNP is the firm that was born out of Don Penny’s vision.” MNP is now Canada’s fifth-largest accounting firm.

Penny was born and raised in Virden, Manitoba. His small-town roots played a role in enticing him in 1962 to join the Brandon firm Laird Sprague, the predecessor to MNP. He was admitted as partner in 1965 and became CEO in 1977. He retired from the partnership in 1998 and from the MNP board in 2005.

Penny sat on various committees and in multiple board positions for the Institute of Chartered Accountants of Manitoba, becoming the first president from outside Winnipeg, the capital of Manitoba, in the organization’s 100-year history. He served on the Canadian Institute of Chartered Accountants board of governors and became chair from 1997 to 1998. He also served on dozens of community organizations and corporate boards and was a mentor to many entrepreneurs across the country.

“We honor Don’s contributions to the firm, his profession and his community through an uncompromising commitment to the values and passions he held dear,” says Tuffs. “His legacy will always be a guiding light for MNP, and we are forever grateful for his wisdom, vision and – most importantly – his friendship.”

Penny is remembered by his loving wife Sandra, their four children and five grandchildren.

More news from MNP