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TransAlta Renewables Inc (RNW.TO)

RNW.TO on Toronto Stock Exchange

16.92CAD
29 Oct 2020
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Summary

Name Age Since Current Position

Allen Hagerman

68 2013 Independent Chairman of the Board

John Kousinioris

56 2017 President, Director

Brent Ward

2019 Chief Financial Officer

Aron Willis

44 2019 Senior Vice President - Growth and Commercial

Kathryn Higgins

2019 Managing Director, Corporate Controller

Scott Jeffers

2017 Corporate Secretary

Brett Gellner

56 2017 Non-Independent Director

Paul Taylor

65 2014 Non-Independent Director

David Drinkwater

71 2013 Independent Director

Kathryn McQuade

63 2013 Independent Director

Biographies

Name Description

Allen Hagerman

Mr. Allen R. Hagerman CPA serves as Independent Chairman of the Board of the Company. Mr. Hagerman is a corporate director. Prior to December 31, 2014, he was Executive Vice President of Canadian Oil Sands Limited, an oil sands mining and upgrading entity. Prior to 2007, Mr. Hagerman was Chief Financial Officer of Canadian Oil Sands Limited. Mr. Hagerman is currently a director and chair of the audit committee of Precision Drilling Corporation. Mr. Hagerman is also a director and chair of the audit committee of Tervita Corporation Mr. Hagerman is the past President of Financial Executives Institute, Calgary Chapter, as well as a past Chair of the Alberta Children's Hospital Foundation. Previous board positions include lead director of Capital Power Income L.P., director of Syncrude Canada Ltd., Governor of the University of Calgary and a director of the Calgary Exhibition and Stampede. He is a fellow of the Institute of Chartered Accountants of Alberta and received their Distinguished Service Award. Mr. Hagerman is a Chartered Accountant and holds a Bachelor of Commerce from the University of Alberta and a Master of Business Administration from Harvard Business School. He also holds an ICD.D. certification from the Institute of Corporate Directors and has served on the executive committee of the ICD Calgary Chapter.

John Kousinioris

Mr. John Harry Kousinioris serves as President, Director of the Company. Mr. Kousinioris is the President of the Company. He is also Chief Operating Officer at TransAlta. Prior thereto Mr. Kousinioris was Chief Growth Officer and was responsible for overseeing growth at TransAlta as well as TransAlta's gas and renewables operations, business development, commercial, energy trading and marketing, and asset optimization. Prior to being appointed Chief Growth Officer, he was the Chief Legal and Compliance Officer and Corporate Secretary for TransAlta and was responsible for directing TransAlta's legal affairs, government relations, regulatory compliance and corporate secretarial matters. Prior to joining TransAlta, Mr. Kousinioris was a partner and co-head of the corporate commercial department at Bennett Jones LLP. He has over 25 years of experience in securities law, mergers and acquisitions and corporate governance matters. Mr. Kousinioris has a Bachelor of Arts degree from the University of Western Ontario, a Master of Business Administration degree from York University and a Bachelor of Laws degree from Osgoode Hall Law School at York University. He has also completed the Advanced Management Program at Harvard University.

Brent Ward

Mr. Brent Vincent Ward serves as Chief Financial Officer of the Company. Mr. Ward is Chief Financial Officer of the Company. Prior thereto, he was the Managing Director and Treasurer of the Company since May 2017. Mr. Ward is also the Managing Director and Treasurer of TransAlta since April 24, 2017. Prior thereto, Mr. Ward was the Manager, Corporate Finance of TransAlta since July 2015. Prior thereto, Mr. Ward was the Director of Corporate Finance and Investor Relations since February 2013 and Director, Treasury of TransAlta since January 2011.

Aron Willis

Mr. Aron J. Willis serves as Senior Vice President - Growth and Commercial of the Company. Mr. Willis is the Senior Vice-President, Commercial, Gas and Renewables Operations of the Company. Mr. Willis was a director of the Company since January 31, 2017 until November 2, 2017. Mr. Willis is the Senior Vice President, Gas and Renewables of TransAlta since January 2016. Prior thereto, Mr. Willis was the Managing Director, Australia of TransAlta, accountable for overseeing the Australia operations. Prior thereto, he was Vice-President, Australia of TransAlta until September 2015. Prior thereto, he was Country Manager, Australia of TransAlta since July 2007.

Kathryn Higgins

Ms. Kathryn Higgins serves as Managing Director, Corporate Controller of the Company. She is also Managing Director and Corporate Controller of TransAlta since May 2019. Prior thereto, Ms. Higgins was Managing Director of TransAlta since June 2018, Manager, Finance of TransAlta since October 2016, and Manager, EM Back Office at TransAlta since March 2013.

Scott Jeffers

Mr. Scott Thomas Jeffers serves as Corporate Secretary of the Company. Mr. Jeffers is the Corporate Secretary of the Company. Mr. Jeffers is also Corporate Secretary of TransAlta. Prior to joining TransAlta, Mr. Jeffers was an associate at Bennett Jones LLP where he practiced corporate and commercial law with an emphasis on public market transactions, including debt and equity financing and mergers and acquisitions.

Brett Gellner

Mr. Brett M. Gellner serves as Non-Independent Director of the Company. Mr. Gellner is the Chief Development Officer of TransAlta. In this role he oversees strategic corporate investments, mergers and acquisitions as well as greenfield projects. Mr. Gellner was also interim Chief Financial Officer for TransAlta Corporation from April 2018 to November 2018. Previously, Mr. Gellner was Chief Financial Officer of TransAlta from 2010 to 2014. Prior thereto, Mr. Gellner was Vice-President, Commercial Operations and Mergers & Acquisitions at TransAlta. Prior to joining TransAlta, Mr. Gellner spent 12 years in investment banking covering the power, pipeline, midstream and forest products sectors. Mr. Gellner has a master's degree specializing in economics from the University of Alberta and holds a Chartered Financial Analyst designation. He has also completed the Advanced Management Program at Harvard University.

Paul Taylor

Mr. Paul H E. Taylor serves as Non-Independent Director of the Company. Mr. Taylor is the Principal of Taylor Advisory Services, a management consulting firm. He retired in July 2016 as the President and Chief Executive Officer of Western Financial Group, Western Canada's largest insurance brokerage company. Previously, Mr. Taylor served as TransAlta's President, U.S. Operations and Executive Vice-President of the Alberta based Canadian coal generation business until his retirement from TransAlta on March 31, 2014. He was also responsible for leading the commercial coal and sustainability teams in both Canada and the U.S. In the late 1990s, while serving as TransAlta's Senior Vice-President, Corporate Development, he was involved in the establishment of TransAlta Power, L.P. His energy experience includes serving as President and Chief Executive Officer of NaiKun Wind Energy Group, an offshore wind development company. Mr. Taylor also has extensive public sector experience including serving as Chief of Staff to the Premier of British Columbia, British Columbia's Deputy Minister of Finance and Secretary to the Treasury Board and President and Chief Executive Officer of the Insurance Corporation of British Columbia and various roles within Alberta Treasury. Mr. Taylor has served on private and public sector boards including Western Financial Group, Western Life Assurance Company, Western Financial Insurance Company (PetSecure), NaiKun Wind Energy Group, BC Forestry Investment & Innovation, TransAlta New Zealand, TransAlta Power Ltd., the Conference Board of Canada, the World Wildlife Fund - Canada and Chair of the Insurance Corporation of British Columbia.

David Drinkwater

Mr. David William Drinkwater serves as Independent Director of the Company. Mr. Drinkwater is a corporate director. Prior thereto, Mr. Drinkwater was a Senior Advisor to Rothschild Canada until December 31, 2015. Prior thereto, Mr. Drinkwater was the Chairman of Rothschild Canada from April 15, 2009 to July 1, 2013. Prior thereto, Mr. Drinkwater was the Chief Legal Officer of Nortel Networks Corporation from December 19, 2005 to December 31, 2008 and Senior Advisor from then to March 31, 2009. From May 2007 to November 2007, he was also Acting Chief Financial Officer of Nortel Networks Corporation. From August 2004 to December 2005, he acted as an independent consultant and corporate director. From April 2003 to July 2004, Mr. Drinkwater served as Executive Vice President and Chief Financial Officer at Ontario Power Generation Inc. From December 1998 to March 2003, Mr. Drinkwater was Executive Vice President, Corporate Development and Legal Affairs at Ontario Power Generation. Mr. Drinkwater holds a Master of Laws from the London School of Economics, a Bachelor of Laws from Dalhousie University and a Bachelor of Arts in Business Administration from the Richard Ivey School of Business at the University of Western Ontario.

Kathryn McQuade

Ms. Kathryn B. McQuade serves as Independent Director of the Company. Ms. McQuade is currently an independent businessperson and trustee for the Kathryn B. McQuade Foundation. Ms. McQuade served as Senior Advisor of Canadian Pacific Railway Company from November 1, 2012 to May 15, 2013. Prior thereto, Ms. McQuade served as the Chief Financial Officer of Canadian Pacific Railway Company from September 4, 2008 to her retirement on November 1, 2012. Ms. McQuade joined Canadian Pacific Railway Limited in June 2007 as Executive Vice President and Chief Operating Officer. Prior to joining Canadian Pacific Railway Limited, Ms. McQuade served as Executive Vice President — Planning and Chief Information Officer at Norfolk Southern Corporation where she spent 27 years in key information technology, strategic planning and finance leadership positions, including Vice-President, Internal Audit and Senior Vice-President, Finance. Ms. McQuade currently serves as a director of Altria Group, Inc. She also served as a director of several privately-held companies. From October 2013, Ms. McQuade is emerita status of the Board of Trustees of The College of William & Mary Foundation. She previously served as a director of Shenandoah Life Insurance Company, TTX Company, Consolidated Rail Corporation and North West Upgrading Inc. Ms. McQuade holds a Bachelor of Business Administration in Accounting with a minor in Mathematics from the College of William & Mary in Virginia. She also completed the Advanced Management Program at Harvard University.

Basic Compensation

Name Fiscal Year Total

Allen Hagerman

160,541

John Kousinioris

868,978

Brent Ward

129,070

Aron Willis

331,900

Kathryn Higgins

76,436

Scott Jeffers

117,768

Brett Gellner

572,988

Paul Taylor

107,500

David Drinkwater

165,459

Kathryn McQuade

149,500
As Of  31 Dec 2019