Ontario Economic Development Minister Michael Bryant is reported to be quitting politics.

The Toronto Star says Bryant is leaving to become CEO of the new Invest Toronto corporation, chaired by Mayor David Miller.

The newspaper reports that Bryant is expected to remain in Premier Dalton McGuinty’s cabinet until June 4, when the legislature is due to rise for the summer.


Bryant has been Ontario’s point man in negotiations to save the domestic auto industry, and his departure would be a blow to the provincial government.

He had also been considered a top contender to succeed McGuinty, despite his sometimes frosty relations with the premier.

After the Liberals were re-elected in 2007, McGuinty demoted Bryant from attorney general to minister of aboriginal affairs.

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