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Morneau Shepell Inc (MSI.TO)

MSI.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

Gillian Denham

58 2017 Independent Chairman of the Board

Stephen Liptrap

51 2017 President, Chief Executive Officer, Director

Scott Milligan

2009 Chief Financial Officer, Executive Vice President

Gillian Whitebread

2018 Chief Human Resource Officer, Executive Vice President

Nigel Branker

President, Health and Productivity Solutions and Executive Vice President

Pierre Chamberland

2018 President, Administrative Solutions and Executive Vice President

Rita Fridella

2018 President, LifeWorks and Executive Vice President

Norah Joyce

Chief Commercial Officer, Canada and Executive Vice President

Neil King

2018 Chief Commercial Officer, U.S. and Executive Vice President

Randal Phillips

2013 Executive Vice President, Chief Client Officer

Idan Shlesinger

President, Retirement Solutions and Executive Vice President

Jamie True

Chief Digital Officer and Executive Vice President

Susan Marsh

2016 General Counsel, Corporate Secretary

Luc Bachand

2017 Independent Director

Kish Kapoor

62 2018 Independent Director

Ron Lalonde

61 2017 Independent Director

Jack Mintz

67 2011 Independent Director

Kevin Pennington

60 2015 Independent Director

Dale Ponder

61 2017 Independent Director

Michele Trogni

54 2017 Independent Director

Biographies

Name Description

Gillian Denham

Ms. Gillian H. Denham is the Independent Chairman of the Board of the Company. Ms. Denham currently serves on the board of directors of Canadian Pacific Railway Limited, Kinaxis Inc. and National Bank. Ms Denham spent her career at Wood Gundy and CIBC. She has held senior positions in investment banking, was President of Merchant Banking/Private Equity and had regional responsibility for CIBC in Europe. She was also head of the Retail Bank for CIBC. She holds an Honours Business Administration (HBA) degree from the Ivey Business School, Western University, and an MBA from Harvard Business School.

Stephen Liptrap

Mr. Stephen Liptrap is the President, Chief Executive Officer and Director of Morneau Shepell Inc., with effect from May 5, 2017. Mr. Liptrap first joined the Company’s senior executive team in 2008, bringing with him more than 25 years of senior executive experience in the high tech, consumer packaged goods and retail sectors. In 2010, he was appointed Executive Vice President and General Manager ofMorneau Shepell’s largest business unit, Employee Support Solutions. Then in July 2016,Mr. Liptrap was appointed Chief Operating Officer, responsible for leading the Company’s business operations and functions. Mr. Liptrap is a member of the Business Council of Canada and a member of the Human Capital Policy Council for the C.D. Howe Institute. He was a member of the National Committee for CAMH’s 150 Leading Canadians for Mental Health, and has served on the HR Committee for the 2015 PanAm Games, the Canadian Board of Directors for NCR and the Pension Board for Europe for a large technology company. He is a frequent speaker and thought leader on HR issues facing organizations today. Mr. Liptrap holds an Honours Business Administration degree from the Ivey Business School (Western University), is a recent graduate of the Harvard Advanced Management Program and is a Certified Human Resources Executive (CHRE).

Scott Milligan

Mr. Scott Milligan serves as Chief Financial Officer, Executive Vice President of Morneau Shepell Inc. Mr. Milligan is responsible for the development and execution of the Company’s overall corporate strategy, merger and acquisition activities, information technology, as well as the corporate functions that manage and determine the financial health of the organization including financial reporting, tax, treasury, real estate, investor relations, planning and analysis. Mr. Milligan joined the Company in 2009 as Chief Financial Officer. Mr. Milligan brings to this position many years of senior executive business and finance management experience earned across a number of North American-based organizations. Prior to joining Morneau Shepell, Mr. Milligan held progressively senior assignments at Zarlink Semiconductor, MCI Canada, Pepsi-Cola, Campbell Soup Company, and Price Waterhouse. Mr. Milligan serves on the board and is a member of the Audit and Finance Committee of The Learning Partnership. Mr. Milligan has an Honours Bachelor of Mathematics degree from the University of Waterloo and is a Chartered Professional Accountant.

Gillian Whitebread

Ms. Gillian Whitebread is Chief Human Resource Officer, Executive Vice President of the Company. Ms Whitebread joined the Company in September 2018 and leads the Company’s efforts to create a world class culture resulting in great employee and client experiences. Ms Whitebread has well over 20 years of significant HR and business experience and a track record for building top teams and establishing a thriving organizational culture in the workplace. Immediately prior to joining Morneau Shepell, Ms Whitebread was Vice President, Human Resources of CIBC’s Technology & Operations and Client Connectivity & Innovation team, helping to lead CIBC’s digital, workplace and business model transformation. In addition to her corporate experience, Ms Whitebread sits on the board of the McMichael Canadian Art Collection. She graduated from Queen’s University with an Honours Bachelor of Commerce and holds an MBA from the Richard Ivey School of Business and a Certified HR Leader designation from the Human Resources Professionals Association.

Nigel Branker

Mr. Nigel Branker is President, Health and Productivity Solutions and Executive Vice President of the Company. Mr. Branker joined the Company in 2012 and was previously Senior Vice President, Consulting. In this role, Mr. Branker led Ontario Pension Consulting and Ontario Health and Benefits Consulting, in addition to developing and overseeing the implementation of Morneau Shepell’s national Consulting business strategy. Prior to joining Morneau Shepell, Mr. Branker held various roles in global consulting companies. He has an Honours BSc in Actuarial Science and Mathematics from the University of Western University, and is a Fellow of the Canadian Institute of Actuaries and a Fellow of the Society of Actuaries.

Pierre Chamberland

Mr. Pierre Chamberland is an President, Administrative Solutions and Executive Vice President of the Company. Mr. Chamberland is responsible for the overall management of Morneau Shepell’s outsourcing practice, and oversees pension and benefits administration services for the Company as a whole. Since joining the Company in 1982, Mr. Chamberland has been involved in both consulting as well as outsourcing on pensions and benefits. In his current role, he brings extensive experience and understanding of the Canadian and U.S. outsourcing environment, having worked with clients throughout North America, including large corporations, as well as government, public and para-public organizations. Early in his career, Mr. Chamberland managed many significant benefits and pension administration implementation projects. He was also the primary driver behind the launch of the innovative Ariel® suite of software for pension and benefits administration. He continues to provide strategic consulting and project management support on new client implementation projects. Mr. Chamberland is active in the local community and has been personally involved for several years in the annual United Way campaign, where he acts on behalf of senior leaders of Morneau Shepell. Mr. Chamberland graduated from Université Laval in 1982 with a degree in Actuarial Sciences. He became a Fellow of the Canadian Institute of Actuaries and of the Society of Actuaries in 1986.

Rita Fridella

Ms. Rita Fridella is an President, LifeWorks and Executive Vice Presidentof the Company. Shepell since Morneau Shepell acquired LifeWorks in August 2018. Prior to this date, Ms Fridella was the Executive Vice President responsible for the Employee Support Solutions business, which acquired LifeWorks. Ms Fridella is responsible for leading Morneau Shepell’s largest business globally, including the post-acquisition integration of the LifeWorks and Employee Support Solutions businesses into one integrated total well-being platform for our clients. Ms Fridella joined the company in 2001 and has more than 30 years’ experience in the organizational health field. Her past experience includes holding the role of Chief Clinician for Morneau Shepell.

Norah Joyce

Ms. Norah Joyce is Chief Commercial Officer, Canada and Executive Vice President of the Company. She has responsibility for customer relationship management, the Company’s regional growth strategy, as well as for the Company’s public sector growth strategy in Canada. Ms Joyce initially joined Morneau Shepell in 2009 following almost two decades of experience as a consultant and strategy leader in the human resources consulting industry. Her experience at Morneau Shepell includes being the regional leader for Western Canada, responsible for helping Morneau Shepell become a market leader in that part of the country. More recently, Ms Joyce has been involved in leading a number of significant projects including developing the Company’s client value proposition and working with the Innovation team to introduce, to the market, Ava™ and VedaWork™, Morneau Shepell’s artificial intelligence and big data solutions. Ms Joyce has a Bachelor’s degree in Psychology from the University of Western Ontario.

Neil King

Mr. Neil King is Chief Commercial Officer, U.S. and Executive Vice President of the Company. Mr. King’s portfolio also includes leading sales for the Company’s Administrative Solutions business in the United States, its public sector growth strategy and customer relationship management. Mr. King joined the Company in 2009 and was previously Senior Vice President of Enterprise Client Development. While working in the Employee Support Solutions business, Mr. King helped lead the Company to become one of the largest employee assistance program providers in the world while significantly improving client engagement.

Randal Phillips

Mr. Randal Phillips serves as Executive Vice President, Chief Client Officer of Morneau Shepell Inc. Mr. Phillips is responsible for ensuring the Company maintains its strong focus on the quality of the client experience and client satisfaction levels across its broad range of services. In addition, he leads the Company’s corporate marketing and communications, public sector and client development teams. Mr. Phillips joined Morneau Shepell in 1986 and has held progressively senior positions including the management of the Administrative Solutions business. Prior to joining Morneau Shepell, Mr. Phillips held senior technical and management positions within the insurance industry, working with clients in both the public and private sectors. Mr. Phillips is actively involved with Christian Blind Mission (CBM), an international charitable organization that helps people with disabilities in the poorest countries in the world. He is a member of the board of directors of CBM International, and a member of the Board of Governors of Knox College at the University of Toronto. Mr. Phillips is a graduate of the University of Waterloo with a double major in Computer Science and Actuarial Science, and is a Fellow of the Society of Actuaries (FSA) and the Canadian Institute of Actuaries (FCIA).

Idan Shlesinger

Mr. Idan Shlesinger is President, Retirement Solutions and Executive Vice President of the Company. Mr. Shlesinger provides leadership and guidance for Morneau Shepell’s Retirement Solutions business as well as Morneau Shepell Asset and Risk Management. Mr. Shlesinger joined Morneau Shepell in 2007 as a senior consulting actuary. Since then he has played various roles, most recently as the leader of Morneau Shepell’s DC Pensions and Savings business, in which he oversaw Morneau Shepell’s growth as a major provider of DC pension services. He has more than 20 years of experience providing advisory services to corporate and public sector organizations, encompassing pension program design, funding, and strategic direction, in both defined benefit and CAP spheres. Mr. Shlesinger has a passion for creative problem solving and innovation in the pension and retirement savings space, and has been a frequent speaker and writer on the topic. He grew up in South Africa and commenced his actuarial studies at the University of the Witwatersrand in Johannesburg. He immigrated to Canada in 1994 and completed his studies at the University of Toronto. He is a Fellow of the Canadian Institute of Actuaries and of the Society of Actuaries.

Jamie True

Mr. Jamie True is Chief Digital Officer and Executive Vice President of the Company. Mr. True will lead the strategy and development of our enterprise cloud-based platform. In addition, he leads our commercial activities for our LifeWorks line of business. Prior to joining Morneau Shepell, Mr. True was the Chief Executive Officer of and driving force behind LifeWorks, which was acquired by Morneau Shepell in July 2018. Combining energy and positivity, he is deeply passionate about technology and how it can be used to create positive change in our world today. With a proven track record of growing technology companies from the ground up, Mr. True established WorkAngel, the precursor to LifeWorks, in 2013. He subsequently built LifeWorks into a brand that drives employee well-being, retention and satisfaction for some of the most significant companies in the world.

Susan Marsh

Ms. Susan Elizabeth Marsh serves as General Counsel, Corporate Secretary of the Company. Ms Marsh provides legal and risk management counsel to the Company on all aspects of its business and operations and acts as a trusted advisor and business partner, assisting the Company in identifying and implementing its strategic and tactical objectives. Ms Marsh has more than 13 years of experience in corporate, commercial and securities law, working with public and private companies as both external and internal legal counsel. Prior to joining the Company, she worked as a lawyer at law firms in Toronto and St. John’s. Ms Marsh graduated from the University of New Brunswick Law School in 2004 after studying biochemistry at Memorial University. She was also among the first graduating class of the Rotman School of Management’s Leadership Program for In-House Counsel and holds the title of Certified In-House Counsel, Canada (CIC.C). In 2016 Ms Marsh was recognized with Lexpert’s Rising Star award which acknowledges leading lawyers under the age of 40 from across Canada who have made contributions to the community or profession, such as volunteering, board membership and/or teaching.

Luc Bachand

Mr. Luc Bachand is an Independent Director of the Company. Mr. Bachand is a corporate director and currently sits on the boards of Cominar Real Estate Investment Trust, the École des Hautes Études Commerciales, the Fondation Jeunes en Tête, the Institute of Corporate Directors of Canada and the J. Armand Bombardier Foundation. Mr. Bachand was Vice- Chairman and the Head of BMO Capital Markets in Québec from 2006 until his retirement in 2016. Mr. Bachand joined BMO Financial Group in 1983 where he held several positions within the Capital Markets Group. He holds a Bachelor’s degree in Business Administration from the École des Hautes Études Commerciales (HEC) and a Master’s degree in Business Administration (MBA) from Concordia University. He is a Fellow of the Institute of Canadian Bankers and has obtained the ICD.D designation.

Kish Kapoor

Mr. Kish Kapoor serves as Independent Director of the Company. Mr. Kapoor is the former President of Wellington West Holdings Inc., a full service brokerage, capital markets, asset management and financial planning services firm. He was one of the founders of Assante Corporation, one of Canada’s largest wealth management firms.Mr. Kapoor also served on the Board of Directors of Manitoba Telecom Services Inc. until March 2017, and Medicure Inc. until 2008. He has a Bachelor of Science from the University of Manitoba and is a Chartered Professional Accountant and former tax partnerwithKPMGLLP.

Ron Lalonde

Mr. Ron A. Lalonde is an Independent Director of the Company. Prior to his retirement in 2010, Mr. Lalonde was Senior Executive Vice President, Technology & Operations at CIBC. Prior to this, Mr. Lalonde was the Chief Administrative Officer of CIBC, with responsibility for finance, legal, compliance, human resources, marketing and other support functions. Mr. Lalonde also held senior executive positions in London, England and New York. Mr. Lalonde currently serves as a director of Street Capital Group Inc. and is a Commissioner on the board of the Toronto Transit Commission. Mr. Lalonde holds a BA from Western University and an MBA from the Ivey Business School. Director

Jack Mintz

Dr. Jack M. Mintz is an Independent Director of Morneau Shepell Inc. Dr. Mintz also serves as the National Policy Advisor for EY since July 2015 and is a senior fellow at Massey College. He presently serves on the board of Imperial Oil Limited. Dr. Mintz also served as a director and the past chair of the Social Sciences and Humanities Research Council of Canada as well as a director and the past audit chair for Brookfield Asset Management and CHC Helicopter. He has been appointed to lead or participate in several government panels over the years including the Federal Technical Committee on Business Taxation 1996-7, the Federal Minister of Health and Innovation panel 2014-15, and research director for the Federal-Provincial Territorial Ministers’ Working Group on Retirement Income Research in 2009. In 2015, he was appointed as a member of the Order of Canada.

Kevin Pennington

Mr. Kevin P. Pennington is an Independent Director of Morneau Shepell Inc. Mr. Kevin Pennington formerly served as the Special Advisor to the CEO of Fiserv, Inc., after serving five years as the Chief Human Resources Officer (CHRO) of Fiserv, a leading global technology provider for the financial services industry. Throughout his more than 37-year career, Mr. Pennington has held increasingly senior human resources roles in both the United States and Canada having served as a CHRO for 27 years. He served as Executive Vice President, CHRO and Administration with Agere Systems Inc., a semi-conductor company spun off from Lucent Technologies, from 2001 to 2005, followed by six years as Executive Vice President, CHRO with Toronto-based Rogers Communications Inc. Mr. Pennington holds a BSc degree in Behavioral Science /Management and an MSc degree in Counselling, both from Shippensburg University of Pennsylvania.

Dale Ponder

Ms. Dale Rosa Winnifred Ponder is an Independent Director of the Company. Ms. Ponder is the National Co-Chair of Osler, Hoskin & Harcourt LLP and also serves on the firm’s Partnership Board. She is the immediate past Managing Partner and Chief Executive of Osler, a position she held for nine years. As a senior member of the firm’s Mergers and Acquisitionspractice, she has had extensive experience throughout her career leading transactions relating to public and private M&A matters and advising boards of public companies. Ms Ponder’s practice background has focused on M&A, securities regulation and corporate governance. In the course of her practice, she has been recognized as a leading corporate andM&A lawyer by various peer ranking publications, including Chambers Global: The World’s Leading Lawyers for Business, the Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada, Lexpert’s Leading Corporate Lawyers and Best Lawyers in Canada. Ms Ponder serves on the board and is the Chair of the Canadian Business Growth Fund. She is also a member of the Holland Bloorview Kids Rehabilitation Hospital, the Advisory Board of Canada’s Top 40 Under 40 and the Governors’ Council of St. Michael’s Hospital Foundation, and is an instructor at Western Law School anda mentor in theWomen’s Executive Network. She was inducted into theWXNTop 100Most Powerful Women Hall of Fame and was the recipient of the 2016 Israel Cancer Research Fund Business Award of Distinction, the 2017 Toronto Lawyers AssociationAward of Distinction, the 2018 “Lifetime Achievement” award from Euromoney Legal Media Group Americas Women in Business Law and the 2018 Law Alumni Award of Distinction from Western Law. Ms Ponder was also named Canadian Legal Leader of the Year at the 2018 Financial Times Innovative Lawyer Awards.

Michele Trogni

Ms. Michele Louise Trogni is an Independent Director of the Company. Michele Trogni is a partner of Authentum Partners that invests in technology and related businesses and provides advisory services. Until May 2017, she was Executive Vice President of Consolidated Markets and Solutions for IHS Markit. In this role Ms Trogni was responsible for all Markit’s Managed Services businesses, along with Product Design & Engineering, and Technology, Media & Telecoms. Prior to joining Markit in 2013, Ms Trogni had more than 25 years of experience in banking, most recently acting as Group Chief Information Officer for UBS and, prior to that, as head of UBS investment bank operations. Ms Trogni currently serves on the Supervisory Board of Deutsche Bank and is a board member of Global Atlantic Financial Group (a private company). She holds a BA (Hons) in Accounting from Northumbria University and is a qualified accountant (ACCA).