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Canadian Tire Corporation Ltd (CTCa.TO)

CTCa.TO on Toronto Stock Exchange

142.67CAD
11 Dec 2019
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Summary

Name Age Since Current Position

Maureen Sabia

2007 Independent Non-Executive Chairman of the Board

Stephen Wetmore

2016 President, Chief Executive Officer, Director

Dean McCann

59 2012 Chief Financial Officer, Executive Vice President

Gregory Craig

2016 President, Canadian Tire Financial Services

James Christie

2018 Executive Vice President - CTC, Strategic Advisor and General Counsel

Iain Kennedy

2018 Executive Vice President - Enterprise Technology and Supply Chain

Allan MacDonald

2018 Executive Vice President - Retail

Mahes Wickramasinghe

2016 Executive Vice-President and Chief Corporate Officer

Jane Nakamachi

Senior Vice President - Talent

Owen Billes

2004 Non Independent Director

Claude L'Heureux

2011 Non Independent Director

Donald Murray

2017 Non Independent Director

Eric Anderson

2016 Independent Director

Martha Billes

1980 Independent Director

Pierre Boivin

65 2013 Independent Director

Diana Chant

2015 Independent Director

Patrick Connolly

2016 Independent Director

David Court

2015 Independent Director

Mark Derbyshire

2016 Independent Director

John Furlong

2011 Independent Director

James Goodfellow

2010 Independent Director

Norman Jaskolka

2018 Independent Director

Cynthia Trudell

66 2018 Independent Director

Biographies

Name Description

Maureen Sabia

Ms. Maureen J. Sabia serves as Independent Non-Executive Chairman of Canadian Tire Corporation Limited. Maureen Sabia is Non-Executive Chairman of the Board of the Company and President of Maureen Sabia International, a consulting firm. She is also a director of Canadian Tire Bank. She co-authored “Integrity in the Spotlight – Opportunities for Audit Committees”, published in 2002, and “Integrity in the Spotlight – Audit Committees in a High Risk World”, published in 2005. She is a member of the Leadership Council of the Perimeter Institute and serves on the board of governors of the Montreal Economic Institute. Maureen Sabia, a lawyer, has had careers in the public and private sectors, having served as Chairman of the Export Development Corporation, a director of Hydro One Inc. and member of its audit, finance & investment pension committee and business transformation committee, Vice-Chairman of the Public Accountants Council for the Province of Ontario and Chairman of the Foreign Affairs and International Trade Canada audit committee. She has served as Chairman of CTC’s Audit Committee and is a former director of Gulf Canada Resources Limited, Hollinger Inc., Laurentian General Insurance Company Inc., O&Y FPT Inc., O&Y Properties Corporation and Skyjack Inc. She has served on the board of governors of the University of Guelph, the board of trustees of Brock University, where she was also Chairman of its audit committee, as Chairman of the Sunnybrook Medical Centre Foundation and on the board of trustees for Sunnybrook Medical Centre. In 2011, Maureen Sabia was appointed an Officer of the Order of Canada and, in 2012, she was awarded the Queen’s Diamond Jubilee Medal. In 2014, she was awarded an LL.D (honoris causa) from Dalhousie University and an LL.D (honoris causa) from Wilfrid Laurier University

Stephen Wetmore

Mr. Stephen G. Wetmore serves as President, Chief Executive Officer, Director of the Company. Mr. Wetmore was first appointed as President and CEO of CTC in January 2009. He served as President until November 2013 and retired as CEO in December 2014, after which he was appointed as the Company’s Non-Executive Deputy Chairman of the Board. From 2013 to 2018, he served as a trustee of CT Real Estate Investment Trust, a publicly-traded trust that is controlled by CTC. Mr. Wetmore was re-appointed as President and CEO of CTC in July 2016. Prior to joining the executive team at CTC, Mr. Wetmore was President and CEO of Bell Aliant Regional Communications Income Fund (now Bell Aliant, a subsidiary of BCE Inc.), Group President, Corporate Performance and National Markets of Bell Canada and Executive Vice-President of BCE Inc., President and CEO of Aliant Inc., President and CEO of NewTel Enterprises Ltd., President of Air Atlantic and Managing Director of Scotia Holdings PLC. He also served as a director of Aliant Inc., Axia NetMedia Corporation, Manitoba Telecom Services Inc. and Stratos Global Corporation. Mr. Wetmore was Chair of the Atlantic Provinces’ Economic Council and Nova Scotia Council on Higher Education and has actively promoted education through his leadership affiliations with Dalhousie University, Memorial University, University College of Cape Breton, the Shad Valley Institute, RCS Netherwood and the Canadian Youth Business Fundraising Committee. He has also served as a director of the C.D. Howe Institute and a director of the Toronto Rehab Institute.

Dean McCann

Mr. Dean C. McCann is no longer Chief Financial Officer, Executive Vice President of Canadian Tire Corporation Limited effective December 31, 2019. He is responsible for the financial and investor relations functions of the corporation and will guide the company's efforts to achieve its stated financial aspirations of top-line growth, total return to shareholders, return on invested capital and return on receivables. In his most recent role as president of Canadian Tire Financial Services and Canadian Tire Bank, Mr. McCann profitable growth in the business unit through a period of global economic uncertainty. Mr. McCann is a chartered accountant and has held successive financial roles with the company, including corporate comptroller for Canadian Tire and chief financial officer of CTFS and Canadian Tire Bank.

Gregory Craig

Mr. Gregory George Craig serves as President, Canadian Tire Financial Services. subsidiary of the company of the Company. He is President, Canadian Tire Financial Services and President and Chief Executive Officer of Canadian Tire Bank. He is responsible for growing revenue and managing operational costs and credit risk. He joined the Canadian Tire Family of Businesses in 1994 and has held progressively senior roles, including Chief Financial Officer of Canadian Tire Financial Services, and was heavily involved with the establishment and subsequent growth of Canadian Tire Bank. Gregory’s most recent role at Canadian Tire Corporation was Senior Vice-President of Financial Planning and Analysis, where he was responsible for overseeing all aspects of financial planning, analysis and performance management, and for providing financial and business counsel to divisional and functional leadership teams across the Company. Gregory also played an integral role in the successful acquisition of FGL Sports in 2012 and was subsequently named Chief Financial Officer of the division, significantly contributing to its integration with Canadian Tire Corporation. Prior to that, Gregory was Vice-President, Finance at Canadian Tire Corporation where he was accountable for the external reporting and accounting/finance operations across the Company. Gregory is a CPA, CMA and holds an MBA from York University and a BBA from Brock University. He is also a member of the Jumpstart Board of Directors and sits on the Finance and Audit Committee.

James Christie

Mr. James R. Christie serves as Executive Vice President - CTC, Strategic Advisor and General Counsel of the company. He has worked with Canadian Tire over the past several years on a variety of matters, including the negotiation and settlement of the 2013 Dealer Contract. He provides strategic input on critical enterprise projects and issues, including the implementation and operation of the Dealer Contract, and has executive responsibility for Dealer Relations and Store Support. In addition, he is the Chairman of the Board of Directors for Canadian Tire Bank. Prior to joining the Company, Jim was a Partner at Blake, Cassels & Graydon LLP, joining the Firm as an articling student in 1976. He carried on a broad corporate and commercial practice, with an emphasis on financial institutions, and acted for many of the Firm’s largest clients on both advisory and transaction matters. From 1995 to 2001, Jim was Managing Partner of Blakes and from 2001 to 2009, he was the Chairman of the Firm. Jim graduated with a Bachelor of Laws Degree from the University of Toronto and was called to the Bar of Ontario in 1978. He has participated in numerous not-for-profit and charitable organizations and is the immediate past Chair of the Board of Governors of Branksome Hall School. Currently, he is the Chair of the Board of Governors of Branksome Hall Asia School in Jeju, South Korea.

Iain Kennedy

Allan MacDonald

Mr. Allan A. MacDonald serves as Executive Vice President - Retail of the company. He is responsible for over 490 ‘red triangle’ retail store locations across Canada, Allan oversees all aspects of the Company’s operations including merchandising, marketing, supply chain, information technology, Automotive, digital and social integration, store operations and Dealer relations. Since joining Canadian Tire Corporation in 2008, Allan has played an instrumental role in helping Canadian Tire stay on offence, applying innovative thinking and exceptional execution to drive growth across the organization. Prior to his appointment as President, Allan led the turnaround of Canadian Tire’s heritage Automotive business and was the vision behind innovative concepts like the Company’s online tire business. Allan has taken on varied and increasingly senior roles at the Corporation, affording him a depth of experience and unique perspective on all aspects of Canadian Tire’s business. As the former Chief Marketing Officer, Allan led Canadian Tire’s digital engagement and marketing efforts and was behind Canadian Tire’s latest award-winning advertising campaign, introducing Canada to the “CT Guy,” as well as the Company’s new digital catalogue, The Canadian Way. His time with the Company has also enabled him to work closely and build strong relationships with its Dealer and vendor communities. Prior to joining Canadian Tire Corporation, Allan held senior roles at Bell Canada, Aliant Inc. and British Telecom in the United Kingdom. Allan holds a Bachelor’s degree in Business Administration from Acadia University and an MBA from Henley Management College in England.

Mahes Wickramasinghe

Mr. Mahes S. Wickramasinghe serves as Executive Vice-President and Chief Corporate Officer of the Company. He is responsible for Corporate Strategy and M&A initiatives, eCommerce strategy as well as Supply Chain operations. He also provides oversight for the key corporate functions such as Human Resources, Legal and Enterprise Risk Management. Mahes brings with him significant expertise and international experience, having served as the Chief Administrative Officer of CIBC Retail Bank, Chief Administrative Officer of CIBC First Caribbean International Bank, Senior Vice-President, Corporate Finance at Rogers Communications Inc., Executive Vice-President at Bell Aliant and Senior Vice-President at BCE. He was previously a partner with Arthur Andersen and joined CIBC as head of Audit for CIBC World Markets Europe and Asia, based in London. With decades of service across a variety of industries, Mahes has had an international career advising corporations on strategic matters. He has managed complex acquisitions and restructurings and has also led functions in operations, technology, data and finance. Mahes began his career as a Chartered Accountant in Sri Lanka. He is a member of the Institute of Chartered Accountants, Sri Lanka and the American Institute of Certified Public Accountants and a Fellow of the Chartered Institute of Management Accountants, UK.

Jane Nakamachi

Ms. Jane E. Nakamachi serves as Senior Vice President - Talent of the company. She is responsible for all aspects of the talent function across Canadian Tire’s family of businesses and plays the all-important role of bringing our “people strategy” to life. Throughout her 23 year career with Canadian Tire, Jane has held a number of progressive roles in Merchandising, Retail, Forecasting and Marketing and has a proven track record of building collaborative teams and creating work environments that celebrate innovation and creative thinking. Most recently, Jane served as Vice-President, Merchandise Planning and Strategy where she led merchandising planning activities for Canadian Tire Retail, including category management, annual financial planning, forecasting and measurement. Jane holds a Bachelor degree in Business Administration from Wilfrid Laurier University and an MBA from The Schulich School of Business.

Owen Billes

Mr. Owen G. Billes serves as Non Independent Director of Canadian Tire Corporation Limited. Mr. Billes is President of Sandy McTyre Retail Ltd., which operates a Canadian Tire store in Welland, Ontario. He is the son of Martha G. Billes and grandson of the Company’s co-founder, A.J. Billes. Mr. Billes is also a director of Canadian Tire Jumpstart Charities and President of Albikin Management Inc., an investment holding company. Mr. Billes joined the Company in 1992 as Changeover Consultant, Dealer Changeover. He subsequently worked at the Company in various divisions, including the Operations Planning Centre, Dealer Operations, Logistics, Automotive Marketing, New Business Development and Petroleum. He also worked in Customer Service Strategic Development at the Company’s Financial Services division and at four Canadian Tire stores. In 2007, Mr. Billes entered the Canadian Tire Dealer-in-Training Program. Mr. Billes is the past Chairman of Canadian Tire Jumpstart Charities and a former director of Canadian Tire Bank. He has also served as a member of the board of governors for Niagara College.

Claude L'Heureux

Mr. Claude L'Heureux serves as Non Independent Director of Canadian Tire Corporation Limited. Mr. L’Heureux is President of Gestion Claude L’Heureux Inc., which operates a Canadian Tire Store in Orléans (Ottawa), Ontario. Mr. L’Heureux is a member of the board of Prince Albert II of Monaco Foundation (Canada). Mr. L’Heureux has been a Canadian Tire Dealer since 1983 and has operated a number of Canadian Tire stores in Ontario and Quebec. He served as Vice-President of the Canadian Tire Dealers’ Association from 1999 to 2001 and was previously a director of the Canadian Tire Dealers’ Association, Chairman of three regional Canadian Tire Dealer groups and a member of numerous Canadian Tire Dealers’ Association committees. Mr. L’Heureux was the recipient of a Canadian Tire Award of Excellence in 2000. He is a former member of the boards of The West Island Community Shares and The Snowsuit Fund of Ottawa.

Donald Murray

Mr. Donald A. Murray serves as Non Independent Director of the company. Mr. Murray is President of Donald A. Murray Holdings Ltd., which operates a Canadian Tire store in Red Deer, Alberta. Mr. Murray has been a Canadian Tire Dealer since 1991 and has operated a number of Canadian Tire stores in Alberta and Saskatchewan. He was President of the Canadian Tire Dealers’ Association from 2005 to 2007 and has also served on several Canadian Tire Dealers’ Association committees. Mr. Murray was the recipient of a Canadian Tire Award of Excellence in 2015. He is a former member of the Camrose Rotary Club, the Camrose Golf Club board of directors and the Fort McMurray Rotary Club.

Eric Anderson

Dr. Eric T. Anderson serves as Independent Director of the company. Dr. Anderson is the Hartmarx Professor and former Chair of the Marketing Department at Northwestern University, Kellogg School of Management and Director of the Center for Global Marketing Practice. He also serves as the Managing Director of Leadership Analytics Advisors, LLC. Dr. Anderson’s research interests include innovation, pricing strategy, new products, retailing and channel management. His recent research has been conducted with various companies around the world and has influenced management practice. His articles have appeared in scholarly journals such as the Journal of Marketing Research, Marketing Science, Management Science, Journal of Economic Theory, and Quarterly Journal of Economics. He has also published in the Harvard Business Review and Sloan Management Review. Dr. Anderson holds a Ph.D. in Management Science from the MIT Sloan School of Management. Prior to joining the Kellogg School of Management at Northwestern University in 2003, Dr. Anderson was Assistant Professor of Marketing at the University of Chicago Booth School of Business and the W.E. Simon Graduate School of Business at the University of Rochester.

Martha Billes

Ms. Martha G. Billes serves as Independent Director of Canadian Tire Corporation Limited. Ms. Billes is President and a director of Tire ‘N’ Me Pty. Ltd., an investment holding company. Ms. Billes is the daughter of the Company’s co-founder, A.J. Billes, and has beneficially owned or controlled a majority of the Common Shares of CTC since 1997. She is the founder and Chairman Emeritus of Canadian Tire Jumpstart Charities and Chancellor of the University of Guelph. She is also a director and officer of Albikin Management Inc., an investment holding company, and Honourary Consul Emeritus for the Republic of Chile, Southern Alberta Region. Ms. Billes has served on the boards of several public companies. She has also served as a member of the board of trustees of the Sunnybrook Medical Centre Foundation and the Calgary Women’s Emergency Shelter – Endowment Fund Trust. She is a former member of the board of directors and the human resources and governance committees of the Toronto organizing committee for the 2015 Pan American and Parapan American Games, as well as a former director of Canadian Tire Bank. Ms. Billes received an honorary Doctor of Laws from the University of Guelph in 2013 and an honorary Doctor of Commerce from Ryerson University in 2002.

Pierre Boivin

Mr. Pierre Boivin, Ph.D. serves as Independent Director of the company. Mr. Boivin is President and Chief Executive Officer of Claridge Inc., a private investment firm in Montreal. Mr. Boivin serves on the boards of National Bank of Canada, where he also serves as the Chair of the human resources committee, and CH Group Inc., which owns the Montreal Canadiens. He is also Chairman of the Board of Solotech Inc., the Montreal Institute for Learning Algorithms and the Montreal Canadiens Children’s Foundation, which he founded in 2000. From 1999 to 2010, Mr. Boivin served as President and CEO of the Montreal Canadiens and evenko, an entertainment promotion and production company. During this period, he was also a member of the board of governors of the National Hockey League. Mr. Boivin has also served as President and CEO of a number of companies in the sporting goods industry, including Canstar Sports Inc., which later became Bauer-Nike Hockey Inc., Weider Sporting Goods Inc. and Norvinca Inc., a company which he also founded. Mr. Boivin is a former director of Questerre Energy Corporation, Sirius XM Canada Holdings Inc. and Lumenpulse Inc., as well as a former Vice-Chairman of the Board of the Quebec Oil and Gas Association and a former Chairman of the Board of CHU Sainte-Justine Foundation. He has served as Chairman of the Quebec Special Olympics and is a former board member of Special Olympics Canada. In 2009, Mr. Boivin was awarded a Ph.D. (honoris causa) from the Université de Montréal and appointed an Officer of the Order of Canada, and in 2017, was appointed an Officer of the National Order of Québec.

Diana Chant

Ms. Diana L. Chant serves as Independent Director of the Company. She is a Corporate Director and Fellow of the Chartered Professional Accountants of Ontario. She serves on the Board and Audit Committee of Industrial and Commercial Bank of China (Canada) and the Board of The Roy Thomson Hall and Massey Hall Foundation and is a member of the Investment Committee which oversees the investments of the PwC Income Security Program. Ms. Chant retired in 2012 as a partner of Pricewaterhouse Coopers LLP (PwC) where she was responsible for leading and growing PwC’s financial services risk management consulting practice. Prior to that, she was responsible for PwC’s financial services industry practice and was a member of the Canadian firm’s management team. Ms. Chant has been a member of the PwC Canada Partnership Board and has served on the Boards of the National Ballet of Canada, National Ballet Foundation and the Empire Club of Canada. She was also a Governor of The Corporation of Massey Hall and Roy Thomson Hall and Chair of its Audit and Finance Committee.

Patrick Connolly

Mr. Patrick J. Connolly serves as Independent Director of the company. Mr. Connolly is a Corporate Director and Co-Founder and Managing Partner of SleepScore Ventures, LLC. He serves on the boards of Total Wine & More and SleepScore Labs™ as well as the advisory board of KEEN Footwear. He also serves as strategic advisor to CVC Capital Partners and Scope Capital Partners and is a frequent speaker on eCommerce and multichannel retailing. Mr. Connolly is a seasoned retail executive, having spent 37 years at Williams-Sonoma, Inc. (WilliamsSonoma), a specialty retailer of home furnishings and gourmet cookware, in various direct marketing and eCommerce positions, including as Executive Vice President, Chief Strategy and Business Development Officer and as Chief Marketing Officer, a position he held for 15 years. Mr. Connolly also served on the board of Williams-Sonoma from 1982 until his retirement in 2016. He is a former director of CafePress Inc. and has also served on the board of directors for the Direct Marketing Association and on the management board of the Stanford Graduate School of Business.

David Court

Mr. David C. Court serves as Independent Director of the Company. Mr. Court is a Corporate Director and Director Emeritus of McKinsey & Company (McKinsey). He serves on the boards of Brookfield Business Partners LP, National Geographic Ventures and the Public Sector Pension Investment Board and is Chair of the advisory board for Georgian Partners. He also serves on the advisory council for National Geographic and the advisory board for Queen’s School of Business. Mr. Court was a senior partner of the Dallas office of McKinsey until his retirement in 2016. During his tenure at McKinsey, he served as Global Director of Technology, Digitization and Communications, led McKinsey’s global practice in harnessing digital data and advanced analytics and was a member of the firm’s board of directors and its Global Operating Committee. Prior to his role at McKinsey, Mr. Court worked in brand management at Procter & Gamble in Toronto.

Mark Derbyshire

Mr. Mark E. Derbyshire serves as Independent Director of the company. Mr. Derbyshire is a Corporate Director and independent management consultant. Mr. Derbyshire holds an M.B.A. in Marketing and Brand Strategy and a Ph.D. in Organizational Behaviour. Mr. Derbyshire served as President & CEO of Holt, Renfrew & Co., Limited, whose banners include Holt Renfrew and La Maison Ogilvy, from January 2010 until September 2016. Under Mr. Derbyshire’s leadership, Holt Renfrew was consistently recognized as one of Canada’s 50 Best Managed Companies. Mr. Derbyshire has spent the last two decades in the retail industry in a number of other senior positions, including as Vice President and Chief Talent Officer of Selfridges Group Limited (which operates luxury retailers, Holt Renfrew, Selfridges (England), Brown Thomas (Ireland) and de Bijenkorf (the Netherlands)), Vice President, Human Resources, Holt Renfrew, Executive Director and Head of Retail & Consumer Practice, Canada, Russell Reynolds Associates, and Vice President & Managing Director, Competitive Store Operations, Canadian Tire Dealers’ Association. In 2009, Mr. Derbyshire was named one of Canada’s Top 40 Under 40TM for his outstanding contributions in the private, public and not-for-profit sectors and, in 2014 and 2015, he was recognized as one of the Top 500 Global Influencers by the Business of Fashion.

John Furlong

Mr. John A. F. Furlong serves as Independent Director of Canadian Tire Corporation Limited. Mr. Furlong is a Corporate Director and a senior sports executive and professional speaker. He is also Chairman of Canadian Tire Jumpstart Charities, Executive Chair of the Vancouver Whitecaps FC and Chairman of Rocky Mountaineer. Mr. Furlong served as the President and Chief Executive Officer of the Vancouver Organizing Committee for the 2010 Winter Olympic and Paralympic Games (VANOC). Prior to his appointment to VANOC in 2004, Mr. Furlong was President and Chief Operating Officer of the Vancouver 2010 Bid Corporation. Mr. Furlong is a former director of Whistler Blackcomb Holdings Inc. and a former member of the Canadian Olympic Committee. In 2010, Mr. Furlong was named an Officer of the Order of Canada and a Member of the Order of British Columbia. Mr. Furlong’s service to sport and Canada has resulted in numerous additional forms of recognition, including Canadian of the Year, Canada’s Sports Executive of Year and Marketer of the Year.

James Goodfellow

Mr. James L. Goodfellow serves as Independent Director of Canadian Tire Corporation Limited. Mr. Goodfellow is a Corporate Director. He also serves on the board of Canadian Tire Bank and provides outside consulting services on corporate governance, risk governance and financial reporting matters. Mr. Goodfellow was a senior partner and Vice-Chairman of Deloitte & Touche LLP (now Deloitte) until his retirement in 2008. He has been an active contributor to the accounting profession. He is a past Chairman of the Canadian Institute of Chartered Accountants’ Accounting Standards Board and its Canadian Performance Reporting Board. He was made a Fellow of the Ontario Institute of Chartered Accountants in 1986 for his distinguished service to the profession and, in 2009, was awarded the Ontario Institute’s Distinguished Order of Merit, the highest honour given by the Institute. Mr. Goodfellow was formerly a director of Discovery Air Inc. and a past member of the audit committee of the Department of Foreign Affairs and International Trade Canada.

Norman Jaskolka

Mr. Norman Jaskolka is Independent Director of the Company. Mr. Jaskolka is Deputy Chairman (and Chairman-elect) of The ALDO Group and President of ALDO Group International. He is also the CEO of Sweet Park Holdings Inc., the company that manages the investments of the Bensadoun family, including The ALDO Group. Mr. Jaskolka joined The ALDO Group in 1995 and occupied the positions of Vice-President Corporate Development and Vice-President Information Technology before founding the ALDO Group’s international business in 2000, which has expanded to over 100 countries and includes owned and operated stores, franchised stores as well as online and wholesale channels. He also serves on the board of Triotech Amusement Inc., a privately held company based in Montreal which develops and markets immersive and interactive out-of-home cinemas and platforms across more than 50 countries. He is Co-Chairman of the advisory board of the Bensadoun School of Retail Management at McGill University and is a frequent lecturer and speaker on global retail strategies, having presented at the World Retail Congress and the National Retail Federation. Prior to joining The ALDO Group in 1995, Mr. Jaskolka was a partner at Ernst & Young. His practice areas as a professional accountant over a 20 year span included audit, taxation, business valuations and corporate finance and during such time he wrote, presented and lectured on these and other accounting topics. In 1997, Mr. Jaskolka was awarded the title of Fellow of the Order of Chartered Accountants of Quebec in recognition for his services and leadership in the accounting profession. In 2012, he was appointed to a task force to revitalize, sustain and develop the fashion industry in Montreal and in Quebec by the Minister of Economic Development, Innovation and Export. In 2017, he received a Management Achievement Award from the McGill University Desautels Faculty of Management in recognition of his contributions to the business world and the community at large.

Cynthia Trudell

Ms. Cynthia Mary Trudell is Independent Director of the Company. Ms. Trudell is a Corporate Director and seasoned global executive. She serves on the board of directors of ISS A/S (International Service System), a global facility service provider and as a member of the Defense Business Board, an advisory board for business processes to the United States Department of Defense. Ms. Trudell most recently served as Executive Vice President and Chief Human Resources Officer of PepsiCo, Inc. from 2007 until her retirement in 2017. Prior to joining PepsiCo, from 2001 to 2006, she served as President of Sea Ray Group, a wholly owned subsidiary of Brunswick Corporation with accountability for the Sea Ray, Boston Whaler and Baja powerboat brands. She began her career in 1979 with the Ford Motor Company as a chemical process engineer. From 1981 to 2001, she worked for General Motors (GM), where she initially served in a variety of engineering and manufacturing managerial roles. She later assumed general management roles at GM, including as President of IBC Vehicles, a joint venture between GM and Isuzu, Vice President of GM and Chairman and President of Saturn Corporation. Ms. Trudell has also served on the boards of directors of PepsiCo from 2000 to 2007, the Canadian Imperial Bank of Commerce from 2005 to 2008 and the Pepsi-Cola Bottling Group from 2008 to 2010. She received an honorary Doctor of Laws from the University of Windsor and honorary Doctor of Science degrees from Acadia University, Ryerson University and the University of New Brunswick.