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Chartwell Retirement Residences (CSH_u.TO)

CSH_u.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

Michael Harris

75 Independent Chairman of the Board of Trustees

Karen Sullivan

2020 President, Chief Operating Officer

Vlad Volodarski

48 2020 Chief Executive Officer, Non-Independent Trustee

Sheri Harris

2020 Chief Financial Officer

Jonathan Boulakia

2020 Chief Investment Officer and Chief Legal Officer and Secretary

Lise Bastarache

56 2005 Independent Trustee

W. Brent Binions

65 2020 Non-Independent Trustee

V. Ann Davis

67 2017 Independent Trustee

Andre Kuzmicki

68 2005 Independent Trustee

Sharon Sallows

70 2010 Independent Trustee

James Scarlett

65 2019 Trustee

Huw Thomas

67 2012 Independent Trustee

Biographies

Name Description

Michael Harris

Mr. Michael D. (Mike) Harris, Sr., serves as an Independent Chairman of the Board of Trustees of the Company. Mr. Harris is a senior business advisor at Fasken Martineau DuMoulin LLP, a law firm. Mr. Harris was the Premier of the Province of Ontario from 1995 to 2002. He is a member of the Board of Directors of Canaccord Genuity Group Inc., Colliers International Group Inc. and Route1 Inc. (Chair), and is a former Director of Magna International Inc. (former Chair). He holds the ICD.D designation.

Karen Sullivan

Ms. Karen Sullivan serves as President, Chief Operating Officer of the Company. She was Former Executive Vice President of People and Long Term Care, Chartwell, CSH Trust and CMCC and she has been with company since January 2008. Previously, she was the Executive Director of the Ontario Long Term Care Association, an organization she worked with for over 20 years.

Vlad Volodarski

Mr. Vlad Volodarski serves as Chief Executive Officer, Non-Independent Trustee of the Company. Mr. Volodarski was appointed CEO of Chartwell on March 16, 2020. He was the Chief Financial Officer of Chartwell from 2005 to March 2020 and had oversight of Chartwell’s real estate portfolio from 2011 to March 2020 as Chartwell’s Chief Investment Officer. Prior to joing Chartwell in 2003, Mr. Volodarski was a senior manager with KPMG LLP. Originally trained as a mechanical engineer in the Ukraine, he is a Certified Public Accountant (CA), holds an ICD.D designation from the Institute of Corporate Directors and is a graduate of Harvard Business School’s Advanced Management Program.

Sheri Harris

Ms. Sheri Harris serves as Chief Financial Officer of the Company. She was Former Executive Vice President - Finance and Administration of CMCC. She has been Finance Executive, Chartwell; Finance Executive, Revera Inc. (formerly Retirement Residences REIT); Finance Executive, CPL Long Term Care REIT.

Jonathan Boulakia

Mr. Jonathan Michael Boulakia serves as Chief Investment Officer and Chief Legal Officer and Secretary of the Company. He is a former Counsel, CIBC; former Vice-President and General Counsel, NBS Technologies Inc. He was Former Executive Vice-President, General Counsel and Secretary of Chartwell, CSH Trust and CMCC.

Lise Bastarache

Ms. Lise Bastarache serves as an Independent Trustee of Chartwell Retirement Residences. Ms Bastarache is an economist and Corporate Director, and a former executive for RBC Financial Group. She is a member of the Board of Directors of Laurentian Bank of Canada (where she is a member of the Audit Committee) and is also a Director of Otéra Capital (where she is Chair of the Investment and Risk Management Committee and a member of the Audit Committee). She is a former member of the Board of The Jean Coutu Group (PJC) Inc. (where she was a member of the Audit Committee, Human Resources and Compensation Committee and the Governance and Nominating Committee). Ms Bastarache holds a bachelor’s and a master’s degree in Economics from l’Université du Québec à Montréal, and has pursued doctoral studies at McGill University, specializing in macroeconomics.

W. Brent Binions

Mr. W. Brent Binions serves as Non-Independent Trustee of the Company. Mr. Binions retired from his position as President and Chief Executive Officer of Chartwell on March 15, 2020, a position which he held since May 1, 2009. Prior to that he was appointed President of Chartwell in April 2008 and was Executive Vice- President of Chartwell from November 2003 to April 2008. Mr. Binions has over 37 years of experience in the seniors housing sector. Prior to joining Chartwell, Mr. Binions was President and Chief Executive Officer of JBG Management Inc., a family business which owned and operated three long-term care residences and two retirement residences, which were sold to Chartwell as part of its initial public offering. Mr. Binions is a past President of the Ontario Long-Term Care Association and a past Vice-President of the Ontario Residential Care Association. He holds an LL.B from Osgoode Hall Law School and practiced law prior to joining JBG Management as an executive.

V. Ann Davis

Ms. V. Ann Davis is Independent Trustee of the Company. Ms Davis is a Corporate Director. She retired from KPMG LLP in 2013, where she was a partner in the audit practice for over 25 years with a specialization in the financial services sector, and where she served as the lead audit engagement partner for some of the firm’s largest financial services clients. Ms Davis is a Director and Chair of the Audit Committee of the Canada Guaranty Mortgage Insurance Company and is also a Director and on the Audit, Finance and Investment and the Industry Risk committees of Canadian Investor Protection Fund. She serves on the Board of Directors and is a past Chair of Women’s College Hospital Foundation. Ms Davis is a former Director and Chair of the Audit and Risk Committee of Gluskin Sheff + Associates Inc, a former member of the Independent Review Committee of Questrade, Inc. related to their Exchange Traded Funds, and a former Director of Callidus Capital Corporation. Ms Davis became a Chartered Accountant in 1979 and was elected a Fellow of the Chartered Professional Accountants of Ontario in 1997. She graduated from Queen’s University in 1976 with a Bachelor of Science (Honours) Degree.

Andre Kuzmicki

Mr. Andre R. Kuzmicki serves as an Independent Trustee of the Company. Mr. Kuzmicki is Executive in Residence at the Schulich School of Business, York University, and a Corporate Director. He is the former Executive Director of the Brookfield Centre in Real Estate and Infrastructure, Schulich and President of Excellent! Inc., a real estate consulting firm. Prior to entering academia in 1998, Mr. Kuzmicki managed the real estate investment portfolio for the Canadian arm of the Prudential Insurance Company of America. Mr. Kuzmicki currently serves on the board of Dorsay Development Corporation. He previously served on the boards of DREAM Unlimited Corp., RealNet Canada Inc., Bentall Group, Artis REIT and Bentall Corporation. He holds an MBA from McGill University.

Sharon Sallows

Ms. Sharon H. Sallows serves as an Independent Trustee of the Company. Ms Sallows is a Corporate Director. She is currently a member of the Board of Trustees, a member of the Human Resources and Compensation Committee and a member of the Audit Committee of RioCan REIT, and is a Director and Chair of the Human Resources and Compensation Committee of Home Capital Group Inc. and a Director and Chair of the Governance Committee of Alberta Investment Management Corporation (AIMCo). She is a former member of the Board of Directors and of the Human Resources and Compensation, Investment and Audit Committees of the Ontario Teachers’ Pension Plan Board. Until 2009, Ms Sallows was a principal in Ryegate Capital Corporation, a company engaged in merchant banking as well as the provision of financial and strategic advisory services to institutional and corporate clients. Ms Sallows is a former Executive Vice-President of MICC Properties Inc. and previously held various positions at the Bank of Montreal, including Senior Vice-President, Real Estate, Corporate Banking. Ms Sallows received a B.A. from Carleton University, a M.Sc. from the London School of Economics, a Ph.D. from The Wharton School, University of Pennsylvania and holds the ICD.D designation.

James Scarlett

Mr. James Scarlett serves as Trustee of the Company. He is a Corporate Director. He is the former Executive Vice-President and Chief Legal Officer at Hydro One Inc., an electricity transmission and distribution provider. Mr. Scarlett was a Senior Partner at Torys LLP, a law firm, having joined Torys in 2000 and holding a number of leadership roles at the firm, including head of Torys’ Capital Markets Group, Mining Group and International Business Development strategy. Mr. Scarlett was also a member of the firm’s Executive Committee from 2009-2015. Prior to joining Torys, he was a partner at another major Canadian law firm. While at that firm Mr. Scarlett held leadership roles as head of its Corporate Group, Securities Group and as a member of its Board. He was also seconded to the Ontario Securities Commission in 1987 and was appointed as the first Director of Capital markets in 1988, a position he held until his return to private law practice in 1990. Mr. Scarlett earned his law degree (J.D.) from the University of Toronto and his Bachelor of Commerce Degree from McGill University. Mr. Scarlett holds the ICD.D designation.

Huw Thomas

Mr. Huw Thomas CPA serves as Independent Trustee of the Company. Mr. Thomas is a Corporate Director. He is the former President and Chief Executive Officer, and former Trustee and former Audit Committee Chair of SmartCentres Real Estate Investment Trust. He is a Director of Dollarama Inc. (where he is a member of the Audit Committee and Nominating and Governance Committee). Mr. Thomas holds a B.Sc., Economics from the University of London and became a Chartered Accountant in 1984. He is a Fellow of the Chartered Professional Accountants of Ontario.

Basic Compensation

Name Fiscal Year Total

Michael Harris

229,500

Karen Sullivan

1,002,400

Vlad Volodarski

991,233

Sheri Harris

867,347

Jonathan Boulakia

867,310

Lise Bastarache

95,250

W. Brent Binions

2,456,950

V. Ann Davis

114,870

Andre Kuzmicki

150,500

Sharon Sallows

145,000

James Scarlett

78,742

Huw Thomas

174,500
As Of  31 Dec 2019