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Our corporate governance practices comply with the guidelines for effective corporate governance established by the Toronto Stock Exchange. We are committed to high standards of corporate governance and will continue to review and update our practices to ensure we meet the evolving standards and stay within established guidelines.
Trican’s directors play an integral role in guiding our business strategically and ethically.
Mr. Fedora has been a director of Trican since June 2017 and Chairman of the board of directors since May 2019. Prior to that he was President and CEO of Canyon Services Group Inc. (“Canyon”) from September 2007 until June 2017, when it was acquired by Trican. Before joining Canyon, Mr. Fedora spent the previous decade with Peters and Co. Ltd., a Calgary-based investment bank focused on the energy sector, where he specialized in financings and merger and acquisition transactions for the oil and natural gas service and supply sector. He is a member of the board of directors of Horizon North Logistics and a former director of Canyon., IROC Energy Services Corp., Petroleum Services Association of Canada, and Marsa Energy Inc. Mr. Fedora holds a Bachelor of Science from the University of Saskatchewan and an MBA in finance from the University of British Columbia. He is a 2009 recipient of Canada’s Top 40 Under 40 Award.
G. Allen Brooks
Mr. Brooks has been a director of Trican since March 2009 and a Lead director since May 2019. He is the President of G. Allen Brooks, LLC, an energy market and financial consulting firm, since January 2005. He also serves as an advisor to PPHB, LP, a boutique oilfield service investment banking firm. Prior to forming G. Allen Brooks, LLC, Mr. Brooks was an executive director of research of CIBC World Markets Inc. from 1997 to 2005. He is a Governance Fellow and a Board Leadership Fellow of the National Association of Corporate Directors ("NACD") as well as a member of the Institute of Corporate Directors.
Mr. Dusterhoft joined Trican at its inception in 1996 and is President and CEO, and a Director. Prior to becoming CEO of Trican, Mr. Dusterhoft was the Company’s Senior Vice President of Technical Services. Before joining Trican, Mr. Dusterhoft worked for 12 years with a major Canadian pressure pumping company where he held management positions in Operations, Sales and Engineering. Mr. Dusterhoft graduated from the University of Calgary in 1984 with a degree in Chemical Engineering and is a Professional Member of APEGA. He serves on the Board of the Alberta Children’s Hospital Foundation, the Calgary Petroleum Club, and Keane Group, Inc. a NYSE U.S.-based well completion services company. Mr. Dusterhoft is a past Chairman of the Canadian Executive Oilmen’s Association, past President of the Canadian Association of Drilling Engineers, past President of the Canadian Section of the Society of Petroleum Engineers and a past member of the Industry Advisory Board of the Schulich School of Engineering at the University of Calgary.
Mr. Nugent has been a director of Trican since March 2008. From September 2013 to June 2014, he was the Executive Chairman of Hifi Engineering Inc., a private company involved in the research, development and operation of fiber optic based acoustical monitoring technologies primarily used to detect leaks in oil and gas wells and energy pipelines. Since June 2014, Mr. Nugent has been an independent corporate director. He is a CPA and CA with over 30 years of experience in the oil and gas industry.
Mr. Pourbaix has been a Director of Trican since May 2012.He is the President & CEO of Cenovus Energy Inc., a Canadian oil company (“Cenovus”). Prior to Cenovus, he spent 27 years with TransCanada Corporation and its affiliates in a broad range of leadership roles, including COO, where he was responsible for the company’s commercial activity and overseeing major energy infrastructure projects and operations. Mr. Pourbaix earned both a Bachelor of Law and Bachelor of Arts degree from the University of Alberta. He is active in the community, having sat on the boards of several local charities, including many years as a dedicated volunteer for the United Way. Mr. Pourbaix was a member, and past Chairman, of the Board of Directors for the Canadian Energy Pipeline Association. As well, he is a director of the Business Council of Canada, a member of the Board of Directors of Cenovus as well as the Institute of Corporate Directors.
Ms. Stein has been a Director of Trican since May 2016. From 2005 to 2016, Ms. Stein held various positions with AltaGas Ltd., including SVP Finance and CFO from 2008 to 2015. Prior to that, as VP Finance and VP Corporate Risk. She also held the role of CFO and Corporate Secretary of AltaGas Utilities Group Inc. from 2005 to 2006. Prior to joining AltaGas, Ms. Stein was employed at TransCanada Corporation. In her early career, she led the finance functions of Wendy’s Restaurants of Canada and Paramount Canada’s Wonderland. Ms. Stein is a FCPA, FCA and holds the ICD.D designation from the Institute of Corporate Directors.
Mr. Rapps has been a director of Trican since May 2019. He has been the President and CEO of Clarke Inc. (“Clarke”), a publicly-traded investment company, since July 2014. Prior to that, he held the position of Managing Director for Geosam Capital Inc. He is currently a director of Clarke and Chairman of Holloway Lodging Corp. and also an Associate for Creative Destruction Lab (Toronto). Mr. Rapps holds a Bachelor of Civil Law and Common Law from McGill University.
Committees are made up of directors of the Board and serve to study, oversee, and make recommendations on specific areas governed by the Board.
The Audit Committee oversees the Corporation’s processes and procedures relating to auditing, accounting practices, financial reporting and other financial disclosure.
The Corporate Governance Committee provides leadership in the development of the Corporation’s approach to corporate governance systems, policies and procedures.
The Compensation Committee develops and oversees the Corporation’s policies and systems regarding human resources policies, compensation and performance management systems.
The HSE Committee oversees the development and implementation of the Corporation’s HSE policies, standards and practices.