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Cargojet Inc (CJT.TO)

CJT.TO on Toronto Stock Exchange

189.81CAD
25 Sep 2020
Change (% chg)

$-0.05 (-0.03%)
Prev Close
$189.86
Open
$189.67
Day's High
$193.00
Day's Low
$188.62
Volume
38,354
Avg. Vol
65,283
52-wk High
$195.44
52-wk Low
$67.87

Summary

Name Age Since Current Position

James Crane

66 2018 Independent Chairman of the Board

Ajay Virmani

64 2018 President, Chief Executive Officer, Director

John Kim

2019 Chief Financial Officer

Pauline Dhillon

2019 Executive Vice President - Marketing, Public and Government Relations

Jamie Porteous

2018 Executive Vice President, Chief Commercial Officer

Paul Rinaldo

2017 Senior Vice President - Engineering and Maintenance

John Webster

63 2011 Lead Independent Director

Arlene Dickinson

64 2018 Independent Director

Paul Godfrey

82 2011 Independent Director

Biographies

Name Description

James Crane

Mr. James Robert Crane is Independent Chairman of the Board of the Company. Mr. Crane is the President and Chief Executive Officer of Crane Capital Group, Inc. Mr. Crane earned a Bachelor of Science degree in Industrial Safety from Central Missouri State University in 1976. In 1984, Mr. Crane founded Eagle USA Airfreight (EGL, Inc.), a freight forwarding company, and sold it in 2007. In 2008, Mr. Crane formed Crane Worldwide Logistics (CWL), a global provider of customized transportation and logistics services. Mr. Crane is also the controlling investor and Chairman of the Houston Astros baseball team. On April 1, 2010, Mr. Crane became the owner of the Floridian National Golf Club in Palm City, Florida.

Ajay Virmani

Mr. Ajay Virmani is President, Chief Executive Officer, Director of the Company. Mr. Virmani has over 42 years’ experience in the transportation industry. Mr. Virmani served as Senior Vice President of Cottrell Transport Inc. (“Cottrell”) from 1977 to 1990 when he left Cottrell to form Commercial Transport International (Canada) Ltd. (“CTI”). In 1992, CTI acquired Fastair Cargo Systems Ltd. (“Fastair”) Mr. Virmani was President and Chief Executive Officer from 1990 to 2000. CTI/Fastair acquired Cottrell in 1995 and the air cargo division of TNT Worldwide in 1996. By 1999, CTI and Fastair had grown to one of the largest freight forwarders in Canada, with both companies employing over 400 team members, combined revenues of approximately $100 million. CTI/Fastair were acquired in January of 2000 by Eagle Global Logistics where Mr. Virmani continued to serve as President from 2000 to 2001. In August 2001, Mr. Virmani, formed Canada 3000 Cargo Inc., a joint venture with Canada 3000 Airlines. In 2002, Mr. Virmani acquired 100 % Canada 3000 Cargo Inc. and rebranded the new company as Cargojet Canada Ltd. In 2005, Cargojet was converted to a public company. Mr. Virmani has served as the President and Chief Executive Officer of Cargojet since its inception, and has been responsible for the general business direction of the Company. Mr. Virmani earned a Masters of Business Administration from City University of New York in 1985 and was honoured with a Doctor of Laws degree by Assumption University Windsor Ontario.

John Kim

Mr. John Kim serves as Chief Financial Officer of the Company. He served as Chief Financial Officer of Cargojet since April 1, 2010; Vice-President Finance of Cargojet from April 2008 to April 1, 2010; Vice-President Finance of CHUM Ltd. from 2006 to 2007; Vice-President Finance of Royal LePage Relocation Services Ltd. from 2002 to 2006.

Pauline Dhillon

Jamie Porteous

Paul Rinaldo

Mr. Paul Rinaldo serves as Senior Vice President - Engineering and Maintenance of the Company. Prior to which he was Vice President - Engineering and Maintenance of the company. He served as Vice-President Engineering and Maintenance of Cargojet since May 2008. Prior to May 2008, Director Technical Operations of Cargojet.

John Webster

Mr. John P. Webster serves as Lead Independent Director of the Company. Mr. Webster has been the President and Chief Executive Officer of Scotia Mortgage Corporation since 2006. Mr. Webster has also been the President and Chief Executive Officer of Maple Trust Company since 1989. Maple Trust Company was acquired by Scotia in 2006. He has been the Chief Executive Officer and previously, the Chief Operating Officer, for regulated financial institutions for over twenty years. During such time Mr. Webster has participated in overseeing numerous internal and external audits as a member of senior management and as a board member. Mr. Webster’s current and previous directorships include Maple Trust Company, Scotia Mortgage Corporation, Filogix Inc. and Dundee Financial Corporation. Mr. Webster received an Honours BA from Wilfred Laurier University and an LL.B and B.C.L. from McGill University.

Arlene Dickinson

Ms. Arlene Dickinson serves as Independent Director of the Company. Ms. Arlene Dickinson is the Founder and General Partner of District Ventures Capital, a venture capital firm focused on investing in the food and health space. She is also the CEO and sole owner of Venture Communications Ltd. one of Canada’s largest independent full service marketing agencies. Ms. Dickinson is an Honorary Captain of the Royal Canadian Navy and is the recipient of Honorary Doctorate Degrees from Mount Saint Vincent University, Saint Mary’s University, Concordia University as well as Degrees from Northern Alberta Institute of Technology and Olds College. She is the recipient of The Queen Elizabeth II Diamond Jubilee Medal.

Paul Godfrey

Mr. Paul Victor Godfrey serves as Independent Director of the Company. Mr. Godfrey currently serves as Chairman of the Board of Postmedia and Chairman of the Board of Trustees of RioCan Real Estate Investment Trust. He also served as the Chief Executive Officer of Postmedia Network Canada Corp. until January 2019. First elected to public office in 1964, Mr. Godfrey served as Chairman of the Metropolitan Toronto Council from 1973 to 1984. In 1984, Mr. Godfrey joined the Toronto Sun as Publisher and Chief Executive Officer and served as President and Chief Executive Officer of the Sun Media Corporation from 1992 to 2000. Mr. Godfrey has also served as the President and Chief Executive Officer of the Toronto Blue Jays Baseball Club from 2000 to 2008. Mr. Godfrey previously served as a director of Astral Media Inc., a director of Data & Audio-Visual Enterprises Wireless Inc. which operated under the trade name “Mobilicity” and as Chair of the Ontario Lottery and Gaming Corporation. Mr. Godfrey graduated from the University of Toronto with a Bachelor of Applied Science in Chemical Engineering.

Basic Compensation

Name Fiscal Year Total

James Crane

460,442

Ajay Virmani

9,732,930

John Kim

611,750

Pauline Dhillon

691,250

Jamie Porteous

1,429,210

Paul Rinaldo

560,500

John Webster

342,043

Arlene Dickinson

300,043

Paul Godfrey

300,043
As Of  31 Dec 2019