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Chorus Aviation Inc (CHR.TO)

CHR.TO on Toronto Stock Exchange

2.26CAD
21 Oct 2020
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Summary

Name Age Since Current Position

Richard McCoy

77 2010 Independent Chairman of the Board

Joseph Randell

66 2010 President, Chief Executive Officer, Director

Gary Osborne

2019 Chief Financial Officer

Colin Copp

2019 Chief Operating Officer and President, Chorus Aviation Services

Randolph DeGooyer

2019 President - Jazz

Steven Ridolfi

2017 President, Chorus Aviation Capital

Jolene Mahody

2019 Executive Vice President and Chief Strategy Officer

Dennis Lopes

2019 Senior Vice President, Chief Legal Officer and Corporate Secretary

Margaret Clandillon

59 2018 Independent Director

Gary Collins

2010 Independent Director

Karen Cramm

69 2010 Independent Director

Richard Falconer

75 2012 Independent Director

R. Stephen Hannahs

73 2015 Independent Director

Sydney Isaacs

63 2010 Independent Director

Marie-Lucie Morin

62 2016 Independent Director

Biographies

Name Description

Richard McCoy

Mr. Richard H. McCoy serves as Independent Chairman of the Board of the Company. Mr. McCoy has over 35 years of experience in the investment industry. From May 1997 to October 31, 2003, Mr. McCoy was ViceChairman, Investment Banking at TD Securities. Prior to joining TD Securities in 1997, Mr. McCoy was Deputy Chairman of CIBC Wood Gundy Securities. Mr. McCoy is a Director of Pizza Pizza Royalty Corp.

Joseph Randell

Mr. Joseph D. Randell serves as President, Chief Executive Officer, Director of the Company. He is an entrepreneur who has devoted the last 35 years shaping the landscape of the regional aviation industry in Canada and beyond. Convinced of the opportunity to fill a niche for regional travel following deregulation, Mr. Randell was a founder of Air Nova in 1985 and served as its President. In 1999, he led the consolidation of Air Nova and Air Alliance, the eastern based Air Canada regional carriers. Under his direction, the further consolidation of Air Ontario, Air BC and Canadian Regional Airlines led to the creation of Jazz Aviation. Jazz is Air Canada’s primary supplier of regional flights under the Air Canada Express brand, or approximately 74% of Air Canada’s regional network. Mr. Randell’s vision of a diversified Chorus became a reality in 2015 with the acquisition of Voyageur Aviation and the establishment of Chorus Aviation Capital in late 2016. Chorus provides a suite of regional aviation services to customers around the world, with a workforce of over 5,200 employees. Mr. Randell is a Director of the Multiple Sclerosis Scientific Research Foundation, and the former Chairman of the Board of Directors of the National Airlines Council of Canada. He holds a Bachelor of Industrial Engineering Degree with distinction from Dalhousie University in Nova Scotia and a Master’s Degree in Business Administration from Memorial University in Newfoundland. In 2015, Dalhousie University presented Mr. Randell with an Honorary Doctor of Laws Degree.

Gary Osborne

Colin Copp

Mr. Colin Copp serves as Chief Operating Officer and President, Chorus Aviation Services of the Company. He was President - Jazz Aviation LP of the Chorus Aviation Inc. He has been the chief administrative officer at Jazz since 2009 and has 26 years experience in the industry. He has significant experience in both the operations and administrative side of the business and has been a major contributor to the transformation of Jazz. Jazz's primary focus is to continue to build upon the progress made in its relationship with Air Canada.

Randolph DeGooyer

Steven Ridolfi

Mr. Steven A. Ridolfi serves as President, Chorus Aviation Capital of the Company. Mr. Ridolfi will be based in Toronto, Ont., and will join the company, which is focused on developing and executing on plans through growth initiatives that diversify the current group of Chorus subsidiaries; acquisitions in areas that leverage Chorus's expertise; and establishing and managing relationships with partners in identified growth areas. Mr. Ridolfi previously served as senior vice-president of strategy, mergers and acquisitions at Bombardier Inc. Prior to that, Mr. Ridolfi was the president of business aircraft and president of regional aircraft, also at Bombardier. Mr. Ridolfi had a long and distinguished career in aerospace dating back to 1982, when he joined what was then de Havilland Inc. as a structural dynamics engineer. Mr. Ridolfi has held various leadership positions with increasing scope and responsibilities in the regional aircraft market, including positions in airline analysis, marketing, research and development, product planning, aircraft programs, and customer support. Mr. Ridolfi holds a bachelor of science (honours) in engineering physics from Queen's University, and has completed the program for management development at Harvard University.

Jolene Mahody

Ms. Jolene Mahody serves as Executive Vice President and Chief Strategy Officer of the Company. She has been the chief operating officer of Chorus subsidiary Jazz Aviation LP since 2009 and has held several executive administrative and operational positions over her 20-year career in the aviation industry. Ms. Mahody's experiences as senior vice-president, operations support; vice-president, corporate strategy; director, finance; director, commercial and resource planning; and director, six sigma, all contributed to the strategic growth and transformation of Jazz. Ms. Mahody is a fellowship chartered professional accountant (FCPA, FCA). Ms. Mahody will be focused on working with capital markets and creating additional shareholder value from the Chorus group of companies.

Dennis Lopes

Mr. Dennis Michael Laranjeira Lopes serves as Senior Vice President, Chief Legal Officer and Corporate Secretary of the Company. He was General Counsel of the company. Previously he was Assistant General Counsel at Microsoft Canada Inc. (June 2014 to June 2016), Vice President, General Counsel and Corporate Secretary at Discovery Air Inc. (March 2012 to May 2014), and Senior Vice President, Chief Legal Officer and Corporate Secretary at Purolator Inc. (November 2010 to February 2012).

Margaret Clandillon

Ms. Margaret Clandillon serves as Independent Director of the Company. Margaret Clandillon is an experienced director with more than 30 years of legal and business experience in the aviation leasing industry. Between 1985 to 1993, Ms. Clandillon worked with GPA Group Plc, one of the largest aircraft leasing companies at the time, in a number of roles including General Counsel, and had group legal responsibility for operating leases, bank and debt facilities, including securitizations of aircraft portfolios. In 1993, she co-founded an aircraft leasing company named Pembroke Capital Limited which had grown to a portfolio of over 125 owned and managed aircraft at the time she sold her shareholding in the company in 2001. Since then, she has held directorships in numerous companies across the aviation leasing industry and currently serves on the boards of several aircraft securitizations noted below. Ms. Clandillon is a law graduate of Trinity College Dublin, Ireland, a qualified solicitor (Incorporated Law Society of Ireland) and a graduate of the International Directors Programme in Corporate Governance, INSEAD.

Gary Collins

Mr. Gary M. Collins serves as Independent Director of the Company. Mr. Collins is a Senior Advisor at Lazard Canada, a financial advisory and asset management firm. Until May 2014, Mr. Collins was the President of Coastal Contacts Inc., the world’s leading online direct-to-customer retailer of replacement contact lenses and eye glasses. In May 2014 Coastal Contacts was purchased by Essilor International. From April 2007 to June 2012 Mr. Collins was Senior Vice President of Belkorp Industries Inc. Prior to that, Mr. Collins was the President and Chief Executive Officer of Harmony Airways from December 2004 until December 2006. From October 1991 to December 2004 he was a member of the British Columbia Legislative Assembly and held the portfolio of Minister of Finance from June 2001 to December 2004. Mr. Collins is also a director of D-Box Technologies Inc., Rogers Sugar Inc. and Fiera Capital Corporation.

Karen Cramm

Mrs. Karen Cramm FCPA, FCA serves as Independent Director of the Company. Mrs. Cramm is a corporate director. A Chartered Professional Accountant since 1977, Mrs. Cramm holds master’s degrees in business administration (MBA) and in public administration (MPA). Mrs. Cramm was a senior partner of Deloitte & Touche (“Deloitte”) in the Financial Services Group specializing in Reorganization as well as Forensic & Dispute services. While a partner of Deloitte, she served as the Managing Partner of the Halifax Office, was elected to the Canadian Deloitte Board of Directors for fourteen years and chaired the Deloitte Foundation, a registered charity focusing on corporate responsibility and giving back to communities across Canada. Mrs. Cramm has served as President of the Institute of Chartered Accountants of Nova Scotia and was elected as a Fellow of the Institute in recognition of distinguished service to the profession. She has also had extensive experience leading and serving on community-based, non-profit boards including Chair of the Boards of the Izaak Walton Killam Hospital and the Art Gallery of Nova Scotia and serving on the Boards and executive of both Dalhousie University and Mount Saint Vincent University. In April 2015, Mrs. Cramm was named to the Board of Directors, the Audit and Risk Management Committee (“ARMC”) and the Finance and Investment Committee of Medavie Inc. On February 16, 2018, she was appointed Chair of the ARMC. In May 2018, Mrs. Cramm was appointed to the Board of Directors and is a member of the Audit and Conduct Review Committee of Blue Cross Life Insurance Company of Canada.

Richard Falconer

Mr. Richard D. Falconer serves as Independent Director of the Company. Mr. Falconer retired from CIBC in 2011 after 40 years with the bank. At the time of retirement, Mr. Falconer was Vice Chairman and Managing Director, CIBC World Markets Inc. Mr. Falconer was Senior Partner, Verus Partners & Co. from April 2015 until September 2016. Mr. Falconer has extensive corporate finance and M&A experience in numerous industries including agriculture; energy; financial; forest products; media and telecom; mining; retail; technology; and transportation. Mr. Falconer holds a Master of Business Administration from York University, a Bachelor of Arts (Honours) from the University of Toronto, and is a Chartered Financial Analyst. Mr. Falconer is a member of the Boards of Directors of Jaguar Mining Inc. and of Resolute Forest Products Inc., a Director of LOFT Community Services and Dorothy Ley Hospice and a Member of the Board of Governors of the Shaw Festival Theatre Endowment Foundation.

R. Stephen Hannahs

Mr. R. Stephen Hannahs serves as Independent Director of the Company. is currently the Chief Executive Officer of Wings Capital Partners and a member of its Board of Directors. Mr. Hannahs and Two Sigma Private Investments (now Sightway Capital) formed Wings Capital Partners in October 2013. Mr. Hannahs also co-founded Aviation Capital Group (ACG) in 1989 and served as its Chief Executive Officer and Group Managing Director until December 31, 2012. Prior to forming ACG, he held various positions at Integrated Resources Corp. and Integrated Aircraft Corporation, including executive vice president of Integrated Resources Corp. and president of Integrated Aircraft Corporation. From 1980 until 1982, Mr. Hannahs was a vice president and partner of Tanon Leasing Corporation, a partnership with the Hillman Company. Mr. Hannahs was responsible for all of Tanon's aviation activities. From 1977 to 1980, he was employed by Itel Corporation where he was responsible for airline and aviation financing activities. From 1973 to 1977, he was a corporate lending officer for the First National Bank of Chicago. Mr. Hannahs is a former officer in the United States Air Force and holds BA and MBA in Finance degrees from University of Wisconsin-Madison.

Sydney Isaacs

Mr. Sydney John Isaacs serves as Independent Director of the Company. He was the Senior Vice President, Corporate Development and Chief Legal Officer for ACE Aviation Holdings Inc. from November 2004 until June 2012. From September 2000 to October 2004, Mr. Isaacs held a number of senior management positions at Air Canada in restructuring, mergers and acquisitions and business development. Prior to that, Mr. Isaacs was a partner at Stikeman Elliott LLP, where his practice focused primarily on mergers and acquisitions, corporate finance and securities law matters. Mr. Isaacs holds, an LLM degree from the London School of Economics and BA, BCL and LLB degrees from McGill University.

Marie-Lucie Morin

Ms. Marie-Lucie Morin serves as Independent Director of the Company. Previously Ms. Morin pursued a 30-year career in Canada’s Federal Public Service: she was appointed National Security Advisor to the Prime Minister and Associate Secretary to the Cabinet in 2008, having served as Deputy Minister for International Trade and Associate Deputy Minister of Foreign Affairs. Earlier in her career with the Department of Foreign Affairs and International Trade, Ms. Morin completed assignments in San Francisco, Jakarta, London, and Moscow. In 1997, she was appointed Ambassador to Norway with accreditation to Iceland. Ms. Morin was named Chevalier de la Légion d'honneur in 2012 and became a member of the Order of Canada in 2016. Ms. Morin serves on Corporate and not-for-profit Boards. She is also a member of the National Security and Intelligence Review Agency (NSIRA).

Basic Compensation

Name Fiscal Year Total

Richard McCoy

257,361

Joseph Randell

3,311,040

Gary Osborne

636,391

Colin Copp

1,683,170

Randolph DeGooyer

--

Steven Ridolfi

1,315,640

Jolene Mahody

1,445,870

Dennis Lopes

1,480,810

Margaret Clandillon

138,361

Gary Collins

137,361

Karen Cramm

150,361

Richard Falconer

147,361

R. Stephen Hannahs

140,361

Sydney Isaacs

138,361

Marie-Lucie Morin

145,361
As Of  31 Dec 2019