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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. Cobbe has been a director of Trican since September 20, 1996 and Chairman since January 1, 2012. From August 1, 2009 until December 31, 2011, he served as Executive Chairman. Prior to that date, he was President and Chief Executive Officer of Trican, positions that he held since September 1996. Mr. Cobbe has been in the well services business since 1974, and has overseen operations in Canada, Europe, the Middle East and the United States. Mr. Cobbe graduated from the Southern Alberta Institute of Technology in 1970 with a Diploma in Petroleum Engineering (Reservoir). In addition, Mr. Cobbe is past Director and Chairman of the Petroleum Services Association of Canada (PSAC), which is an association of Canadian oilfield service, supply, and manufacturing companies. Mr. Cobbe currently serves as a director of Bellatrix Exploration Ltd. (an exploration and production company), and is lead director of Secure Energy Services Ltd. (a publicly traded energy services company).
G. Allen Brooks is a director of Trican. Mr. Brooks is the President of G. Allen Brooks L.L.C., an energy market and financial consulting firm since January 2005. Mr. Brooks also serves as an advisor to PPHB, LP, a boutique oilfield service investment banking firm. Prior to forming G. Allen Brooks, L.L.C., Mr. Brooks was the executive director of research of CIBC World Markets from 1997 to 2005. He is a Governance Fellow and a Board Leadership Fellow of the National Association of Corporate Directors and a member of the Institute of Corporate Directors.
Mr. Dusterhoft joined Trican at its inception in 1996 and is President and Chief Executive Officer, 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. He serves on the Board of the Alberta Children’s Hospital Foundation, the Calgary Petroleum Club, and Keane Group, a privately-held 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 of Calgary has been a director of Trican since March 7, 2008. Mr. Nugent is a Chartered Accountant with more than 26 years of experience in the oil and gas industry. Since September 2013, Mr. Nugent has been 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. Previously, between 2007 and 2013, Mr. Nugent was President of Livingstone Energy Management Corporation, a privately held entity created to provide capital to energy related companies. From 2003 to 2006, Mr. Nugent was employed by NQL Energy Services Ltd. ("NQL"), a leading provider of downhole drilling tools, most recently as President and Chief Executive Officer. Prior to joining NQL, from 2002 to 2003 Mr. Nugent was Vice President of SCF Partners, a Houston, Texas based private equity firm specializing in North American oilfield service companies. Mr. Nugent is also currently a director of Hifi Engineering Inc., Savanna Energy Services Corp. (a publicly traded drilling and service rig provider), Secure Energy Services Inc. (a publicly traded energy services company) and the Pacific Salmon Foundation.
Mr. Pourbaix is a director of Trican and the President & Chief Executive Officer of Cenovus Energy Inc., a Canadian oil company. As President & Chief Executive Officer, he is responsible for establishing the strategic direction for the company and delivering strong financial and operational performance. He is also a member of the Cenovus Board of Directors.
Prior to Cenovus, Mr. Pourbaix spent 27 years with TransCanada Corporation and its affiliates in a broad range of leadership roles, including Chief Operating Officer, where he was responsible for the company’s commercial activity and overseeing major energy infrastructure projects and operations. He also has experience in corporate strategy, business development, mergers, acquisitions and divestitures, as well as stakeholder relations.
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. He served as Board Chair for the Canadian Energy Pipeline Association and currently serves on the Board of Trican Well Service Ltd.
Ms. Stein is a Director of Trican. Prior to joining the Trican board, Ms. Stein held the position of SVP Finance and CFO at AltaGas Ltd and CFO and Corporate Secretary of AltaGas Utilities Group. Ms. Stein also held finance roles at TransCanada Corporation, Paramount Canada’s Wonderland, and Wendy’s Restaurants Canada. Ms. Stein is a CPA, CA and holds the ICD.D designation from the Institute of Corporate Directors. Ms. Stein was also Trustee of the Calgary Zoo from 2011 to 2015 and Past Chair of the National Board of FEI Canada, a professional organization of financial executives.
Mr. Fedora was President and CEO of Canyon Services group 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. 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 member of the board of directors of Horizon North Logistics and a former director of Marsa Energy Inc. Mr. Fedora is a 2009 recipient of Canada’s Top 40 Under 40 Award.
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.