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Aecon Group Inc (ARE.TO)

ARE.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

John Beck

77 2018 Executive Chairman of the Board

Jean-Louis Servranckx

2018 President, Chief Executive Officer

David Smales

2017 Chief Financial Officer, Executive Vice President

Yonni Fushman

Executive Vice President, Chief Legal Officer and Secretary

Joseph Carrabba

66 2019 Lead Independent Director

Anthony Franceschini

68 2009 Independent Director

James Hole

75 2009 Independent Director

Susan Jenah

63 2016 Independent Director

Eric Rosenfeld

61 Independent Director

Monica Sloan

65 2013 Independent Director

Biographies

Name Description

John Beck

Mr. John M. Beck re-designated as Executive Chairman of the Board of Aecon Group Inc, previously the Chief Executive Officer of Aecon for over 50 years and is a leader in the Canadian construction industry. Mr. Beck has been a member of the Board since 1963. Mr. Beck has also served as a director of the Canadian Council for Public-Private Partnerships. Mr. Beck is currently a member of the Ontario Financing Authority, Consolidated Infrastructure Group Limited and the Royal Conservatory of Music and has served as the Co-Chair of the Infrastructure and Urban Development Industries at the World Economic Forum. He is a member of the Advisory Council for the School of Public Policy at the University of Calgary and is also a member of the Business Council of Canada. Mr. Beck is a Fellow of the Canadian Academy of Engineering. Mr. Beck was also awarded the Donald P. Giffen Sr. Construction Industry Achievement Award by the Toronto Construction Association for 50 years of achievement in the construction industry and was named a P3 Champion by the Canadian Council for Public-Private Partnerships. A graduate in Civil Engineering from McGill University, Mr. Beck has more than 55 years of experience in the construction industry in Canada and internationally. His background includes corporate leadership in numerous construction activities including heavy civil, commercial and industrial projects, precast concrete manufacturing, and the development of Public-Private Partnerships

Jean-Louis Servranckx

Mr. Jean-Louis Servranckx is appointed as President, Chief Executive Officer of the Company with effective Sept. 4, 2018. Jean-Louis Servranckx is President and Chief Executive Officer of Aecon Group Inc. Mr. Servranckx has over 30 years of experience in the construction industry across the Infrastructure and Industrial sectors and is a seasoned leader with expertise in large-scale and complex international projects. Beginning his career at Spie Batignolles, his roles included Regional Manager for East Africa at Sogea-Satom, a subsidiary of Vinci before becoming International Development and Special Projects Manager. Mr. Servranckx continued his career at Vinci Construction, where he held progressively senior roles, including Operational Manager for the Mediterranean and Middle East regions, followed by Deputy CEO of the Major Projects Division. In 2011, Mr. Servranckx became President and CEO of Eiffage Civil Works Division, now known as Eiffage Infrastructures Branch, a business with over $6 billion in revenue and operations throughout Europe, Africa and Canada. Mr. Servranckx is an Engineering graduate of École des Mines de Paris, holds a Master of Business Administration degree from INSEAD, and is fluent in English, French and Spanish.

David Smales

Mr. David Smales is Executive Vice President, Chief Financial Officer of Aecon Group Inc. He has served as Executive Vice-President and Chief Financial Officer of Aecon since November 2009 and is responsible for financial reporting, accounting and compliance, budgeting and financial planning, taxation, treasury, operational finance, shared services and Aecon’s investor relations and capital markets activities. Prior to joining Aecon, Mr. Smales was the Chief Financial Officer of Catalyst Paper Corporation and prior to that held a number of senior financial positions at Novar plc in the UK, focused on international operations. His career also includes roles in general management, strategy, and M&A both in industry and during 10 years with PricewaterhouseCoopers. Mr. Smales is a member of the Institute of Chartered Accountants in England and Wales and has a BA (Honours) degree from the University of Newcastle-Upon-Tyne in England.

Yonni Fushman

Mr. Yonni David Fushman is Executive Vice President, Chief Legal Officer and Secretary of the company. Mr. Fushman came into effect on July 1, 2017 and supersedes his previous employment agreement. The agreement sets out Mr. Fushman’s duties and responsibilities as well as annual compensation, benefits and incentives. The agreement includes non-solicitation and non-competition provisions ending 12 months and 18 months respectively from resignation, as well as confidentiality provisions that extend beyond expiration of the agreement. The agreement also provides for a severance payment in the event of termination without cause in the form of a continuation of salary and benefits, including pension plan contributions for the applicable notice period related to the length of his tenure, subject to any greater entitlement under Ontario law. In the event of a Change of Control of the Corporation, if Mr. Fushman is dismissed or elects to resign due to a change in employment terms during the ensuing 12 months, Mr. Fushman is entitled to receive a payment equal to 18 months’ salary plus the average annual cash incentive paid to Mr. Fushman over the previous 36 months and the continuation of all benefits for a period of 18 months.

Joseph Carrabba

Mr. Joseph A. Carrabba is Lead Independent Director of the company. he was Independent Director of Aecon Group Inc. He is the former Chairman, President and Chief Executive Officer of Cliffs Natural Resources Inc., where he served in executive capacities from 2005 to 2013. Prior to joining Cliffs Natural Resources Inc., Mr. Carrabba gained broad experience in the mining industry throughout Canada, the United States, Asia, Australia and Europe. He served for over 20 years in a variety of leadership capacities at Rio Tinto, a global mining company, including as President and Chief Operating Officer of Rio Tinto’s Diavik Diamond Mines, Inc. in the Northwest Territories, Canada. Mr. Carrabba holds a Bachelor of Arts from Capital University in Ohio and a Master of Business Administration from Frostburg State University in Maryland.

Anthony Franceschini

Mr. Anthony P. Franceschini is Independent Director of Aecon Group Inc. Anthony P. Franceschini is a graduate of the Civil Engineering program at the University of Waterloo and has established an accomplished career in the consulting, engineering and design industry. Mr. Franceschini is the retired President and Chief Executive Officer of Stantec Inc., a Toronto Stock Exchange listed issuer specializing in providing professional consulting services in, among others, planning, engineering, architecture, interior design, project management and project economics for infrastructure and facilities projects. Mr. Franceschini joined Stantec Inc. in 1978 and was instrumental in the growth of the company into a 10,000-person professional services firm, serving as President and Chief Executive Officer from June 1, 1998 to May 14, 2009

James Hole

Mr. James D. Hole is Independent Director of Aecon Group Inc. J. D. Hole became a director of Aecon following the completion of the acquisition of Lockerbie & Hole Inc. (“Lockerbie”). Mr. Hole graduated with a Bachelor of Engineering Science degree from the University of Western Ontario in 1967 and joined Lockerbie as a Project Manager in 1969. During his career with Lockerbie, Mr. Hole worked in various positions and helped lead Lockerbie into new territories and markets, including the industrial and municipal market sectors. Mr. Hole was the President and Chief Executive Officer of Lockerbie from 1994 to April 2005 and during that time played an integral part in Lockerbie’s growth and prosperity.

Susan Jenah

Ms. Susan Wolburgh Jenah is Independent Director of the Company. Susan Wolburgh Jenah is the retired founding President & CEO of the Investment Industry Regulatory Organization of Canada (IIROC). Prior to joining IIROC, Ms. Wolburgh Jenah held various executive roles at the Ontario Securities Commission over a career spanning over two decades, including Vice-Chair, Head of International Affairs, and General Counsel. She has served on numerous boards and advisory committees, including the Global Risk Institute, the Institute of Corporate Directors and as Senior Advisor to Aird & Berlis LLP. Ms. Wolburgh Jenah currently serves as a director of Laurentian Bank of Canada; as a Public Governor of the U.S. Financial Industry Regulatory Authority (FINRA); as a director of the NEO Exchange and parent company Aequitas Innovations; and as a member of the Independent Review Committee for Vanguard Investments Canada. She is Vice-Chair of the Humber River Hospital; a member of the C.D. Howe National Advisory Council; and a Mentor for the Catalyst Women on Board Program. Ms. Wolburgh Jenah holds a J.D. from Osgoode Hall Law School and is ICD.D certified. She received the Osgoode Hall Alumni Award for Achievement in 2011.

Eric Rosenfeld

Mr. Eric Stuart Rosenfeld is Independent Director of the company. Eric Rosenfeld has been the President and Chief Executive Officer of Crescendo Partners, L.P., a New York based investment firm since its formation in November 1998. Prior to forming Crescendo Partners, he held the position of Managing Director at CIBC Oppenheimer and its predecessor company Oppenheimer & Co., Inc. for 14 years. Mr. Rosenfeld currently serves as Lead Independent Director for Cott Corporation, a diversified beverage company, director and Chairman Emeritus of CPI Aerostructures Inc., a company engaged in the contract production of structural aircraft parts and director of Absolute Software Corp., a leader in firmware-embedded endpoint security and management for computers and ultraportable devices, Pangaea Logistics Solutions Ltd., a logistics and shipping company and NextDecade Corporation, a development stage LNG liquefaction company. Mr. Rosenfeld has also served as a director for numerous companies, including Primoris Services Corporation, a specialty construction and infrastructure company, Sierra Systems Group Inc., an information technology, management consulting and systems integration firm, SAExplorationHoldings Inc., a seismic data services company, Emergis Inc., an electronic commerce company, Hill International, a construction management firm, Matrikon Inc., a company that provides industrial intelligence solutions, DALSA Corp., a digital imaging and semiconductor firm, GEAC Computer, a software company, SPAR Aerospace, a Canadian aerospace company, and Computer Horizons Corp., an IT services company.

Monica Sloan

Ms. Monica E. Sloan is Independent Director of Aecon Group Inc. Monica Sloan is the Managing Director of JKS Holdings Ltd., a private operating and investment business and is the former Chief Executive Officer and Managing Director of Intervera Ltd., a data quality product and solutions firm servicing the energy and utilities industry. Prior to Intervera, Ms. Sloan was an Independent Strategy and Management Consultant for ME Sloan Associates focused on the Canadian energy, oil and gas sector. Ms. Sloan also served as director of Methanex Corporation, the world’s largest supplier of methanol, from 2003 to 2016 and as a director on the Balancing Pool established by the Government of Alberta. Ms. Sloan also served as President of Kelman Technologies from 1997 to 1999 and was founding President of Telus Advanced Communications from 1994 to 1997. Ms. Sloan holds a Master of Engineering from Stanford University and a Master of Business Administration from Harvard Business School. Ms. Sloan is ICD.D certified

Basic Compensation

Name Fiscal Year Total

John Beck

4,943,600

Jean-Louis Servranckx

2,432,320

David Smales

2,707,500

Yonni Fushman

1,953,440

Joseph Carrabba

246,500

Anthony Franceschini

237,500

James Hole

232,000

Susan Jenah

217,500

Eric Rosenfeld

213,500

Monica Sloan

206,000
As Of  31 Dec 2018