Edition:
United Kingdom

Extendicare Inc (EXE.TO)

EXE.TO on Toronto Stock Exchange

8.53CAD
16 Aug 2019
Change (% chg)

$0.24 (+2.90%)
Prev Close
$8.29
Open
$8.45
Day's High
$8.57
Day's Low
$8.35
Volume
201,887
Avg. Vol
166,761
52-wk High
$9.02
52-wk Low
$5.95

Summary

Name Age Since Current Position

Alan Torrie

68 2017 Independent Chairman of the Board

Michael Guerriere

55 2018 President, Chief Executive Officer, Director

David Bacon

2019 Chief Financial Officer, Senior Vice President

Brandon Parent

2018 Vice President, General Counsel, Corporate Secretary

Jillian Fountain

2018 Vice President, IR Contact Officer

Elaine Everson

2019 Vice President, Corporate Development

Gary Loder

Vice President - Extendicare Assist and SGP Purchasing Partner Network (SGP) of ECI

Norma Beauchamp

58 2019 Independent Director

Margery Cunningham

59 2010 Independent Director

Sandra Hanington

57 2014 Independent Director

Alan Hibben

65 2016 Independent Director

Donna Kingelin

63 2016 Independent Director

Samir Manji

50 2019 Independent Director

Aladin Mawani

67 2017 Independent Director

Biographies

Name Description

Alan Torrie

Mr. Alan D. Torrie is Independent Chairman of the Board of the Company. Mr. Torrie has been the President and Chief Executive Officer of Morneau Shepell Ltd. (Morneau Shepell) since 2008, and a member of its board of directors since 2005. He plans to retire from Morneau Shepell at its annual meeting in May 2017 and, as announced, is expected to succeed Mr. Hutzel as Chairman of the Board immediately following the Meeting. Morneau Shepell, a TSX listed company, is a leading provider of Employee and Family Assistance Programs, the largest administrator of pension and benefits plans and the largest provider of integrated absence management solutions in Canada. Mr. Torrie has over 30 years of experience as a senior executive leader in the seniors’ housing and health and science industries, including as Chief Operating Officer of RRR from 2005 to 2007, before it was taken private as Revera Inc., and in a number of senior executive positions at MDS Inc. (a predecessor of Nordion Inc.) from 1987 to 2005, where he served as Executive Vice President of MDS Inc. (2003 – 2005), and as President and Chief Executive Officer of MDS Diagnostics and MDS Laboratories (1999 – 2003). He has also served as Executive-inResidence with Clairvest Private Equity, a Toronto-based private equity management firm, and earlier in his career as the President and CEO of Joseph Brant Hospital and Chief Operating Officer and Vice President of Humber Memorial Hospital. Mr. Torrie has served on numerous community boards, and is currently a director and Chairman of the Finance Committee of Appleby College. In addition, he is past Chair of Trillium Health Partners and previously served on the board of Cynapsus Therapeutics and as a member of its Audit Committee. Mr. Torrie holds a B.Sc in Biochemistry from McMaster University, a DHA in Healthcare Management from the University of Toronto and has completed the Advanced Management Program from Harvard University.

Michael Guerriere

Dr. Michael Robert. Guerriere has been appointed President, Chief Executive Officer, Director of the Company effective October 22, 2018. He has a diverse background with over 25 years of experience in hospital operations, health management consulting and technology. Dr. Guerriere was with TELUS Health, a provider of technology services to clinical professionals, hospitals, government agencies, health authorities, pharmacies and consumers across Canada, from May 2011 to October 2018, most recently as Chief Medical Officer, Vice President and Chief Strategy Officer. Prior to that, he was a founding partner of Courtyard Group, an international health care consultancy, from 2002 until it was acquired by TELUS Health. Dr. Guerriere also served 10 years as an executive in university teaching hospitals, including Executive Vice President and Chief Operating Officer at the University Health Network. Dr. Guerriere has adjunct appointments in the Institute of Health Policy Management and Evaluation at the University of Toronto and the School of Health Information Science at the University of Victoria. He has served on numerous boards including Ryerson University (where he served as Chair), MediSolution Ltd. (member of audit committee), Canada Health Infoway (chair of finance committee), the Canadian Institute for Health Information, and the Institute of Clinical Evaluative Sciences.

David Bacon

Mr. David Bacon is Chief Financial Officer, Senior Vice President of the company. David joined Extendicare as Senior Vice President and CFO in April 2019. David has a wealth of experience as a senior executive in a number of industries, ranging from environmental services, logistics, renewable energy and telecommunications. Most recently, he served as the Executive Vice President, CFO of GFL Environmental Inc. With over 25 years of business experience in public markets, equity and debt financings, and mergers and acquisitions, David will play a key strategic role in driving Extendicare’s growth across the continuum of seniors’ care. David is a CPA, CA with a BA from the University of Western Ontario, MBA from the Schulich School of Business at York University and holds the ICD.D designation.

Brandon Parent

Mr. Brandon Parent serves as Vice President, General Counsel, Corporate Secretary of the company. Prior to joining Extendicare, he served as Vice President & General Counsel of Centric Health Corporation (from March 2015 to April 2017), Vice President, Legal of GFL Environmental Inc. (from May 2014 to February 2015), and as Senior Legal Counsel of Direct Energy (from 2004 to April 2014). Mr. Parent began his legal career at Torys LLP after obtaining his law degree from the University of Ottawa. He also has a Bachelor of Arts degree from the University of Windsor.

Jillian Fountain

Ms. Jillian E. Fountain is Vice President, IR Contact Officer of Extendicare Inc. Ms. Fountain has held the position of Corporate Secretary of Extendicare since 1999. She joined Extendicare in 1988 as a member of the financial reporting department, and is a CPA, CA, who received her Bachelor of Mathematics degree from the University of Waterloo.

Elaine Everson

Ms. Elaine E. Everson CPA is Vice President, Corporate Development of the Company. Ms. Everson was appointed Vice President and Chief Financial Officer of Extendicare in May 2015. Prior thereto, she held the position of Vice President and Controller of Extendicare (since November 2006) and ECI (since May 1994). She joined Extendicare in 1985, and has been a member of the financial reporting department in various capacities during that time. Ms. Everson is a CPA, CA, who received her Bachelor of Mathematics degree from the University of Waterloo.

Gary Loder

Norma Beauchamp

Ms. Norma Beauchamp is nominated as Independent Director of the company. Ms. Beauchamp has over 30 years of health care experience in corporate and non-profit organizations, including executive positions at Bayer Healthcare (Canada and Global) and Sanofi Canada. Most recently, she was President and CEO of Cystic Fibrosis Canada (2014 to 2017). Throughout her career, she has been a patient advocate, working with patient and health care organizations to enhance access to care. Ms. Beauchamp currently serves on the boards of Acerus Pharmaceuticals Corporation (a TSX listed company), as Chair of its Corporate Governance and Nominating Committee and a member of its audit and scientific committees, Aurora Cannabis Inc. (a TSX listed company), as Chair of its Nominating and Corporate Governance Committee, and Quest PharmaTech Inc. (a TSXV listed company). Formerly, Ms. Beauchamp was a director, Chair of the corporate governance and compensation committees and a member of the Audit Committee of MedReleaf. Ms. Beauchamp has served on the Boards of St. Joseph’s Health Centre Foundation, Providence Healthcare Foundation and the Breast Cancer Society of Canada. Ms. Beauchamp has completed the University of Toronto’s Rotman School of Management Directors Education Program (ICD.D), and holds a Bachelor of Business Administration in Marketing from Bishop’s University.

Margery Cunningham

Ms. Margery O. Cunningham is Independent Director of Extendicare Inc. Ms. Cunningham has been a Vice President at Avalere Health, a leading advisory firm focused on health care business strategy and public policy since August 2011. Prior thereto, Ms. Cunningham was with Lehman Brothers from 1997 to 2008, during which time she held a number of progressively senior executive roles, including as Managing Director and Global Head of Product Training, Associate Director of Credit Research, and High Yield Bond Analyst. Her research career spanned more than 20 years, including both equity and fixed income research for firms such as Kidder, Peabody & Co., and Paine Webber. As an analyst, Ms. Cunningham was a perennial Institutional Investor magazine all-star analyst in the high yield health care category. In addition, from 1995 to 1997, Ms. Cunningham served as the Director, Financial Planning and Analysis for Marriott Management Services, performing strategic and financial analysis on acquisitions. Ms. Cunningham is a CFA, and received her A.B. in Applied Mathematics from Harvard University and her M.S. in Management with concentration in Finance and Economics from the MIT Sloan School of Management.

Sandra Hanington

Ms. Sandra Lynn Hanington is Independent Director of Extendicare Inc. Ms. Hanington is a corporate director and advisor, and most recently was the President and CEO of the Royal Canadian Mint (February 2015 to July 2018). Prior to that, Ms. Hanington had deep experience in the financial services sector, and from 1999 to 2011 she held a number of progressively senior executive roles with BMO Financial Group in North America (1999 – 2011), including as Executive Vice President and a member of the Management Committee. Prior to joining BMO Financial Group, Ms. Hanington worked for Manulife Financial/North American Life Assurance, Royal Trustco Ltd. and Suncor Inc./Sunoco Group. Ms. Hanington is the co-founder and a director of Jack.org, promoting mental health and wellness for youth in Canada, since 2010. Ms. Hanington was named by the Women’s Executive Network (WXN)™ as one of Canada’s Top 100 Most Powerful Women three times in a row, from 2007 to 2009, and was inducted into the WXN Hall of Fame in 2010. Ms. Hanington is a licensed professional engineer with a BASc from the University of Waterloo, an MBA from the Rotman School of Management, University of Toronto, and holds the ICD.D designation from the Institute of Corporate Directors.

Alan Hibben

Mr. Alan R. Hibben is Independent Director of the Company. Mr. Hibben is a corporate director and advisor. Since December 2014, he has been the principal of Shakerhill Partners Ltd., a consulting firm providing strategic and financial advice, specializing in mergers and acquisitions, private equity, financing, corporate strategy, valuation, governance, as well as expert witness services. Previously, Mr. Hibben was the Managing Director in the Mergers and Acquisitions Group at RBC Capital Markets from March 2011 to December 2014. Mr. Hibben has been a director of a number of Canadian public and private companies, both in financial services and as part of his responsibility for overseeing private equity and venture capital investments. Mr. Hibben currently serves as a director of DHX Media Inc. (a TSX and NASDAQ listed company), and Home Capital Group Inc. (a TSX listed company), is Chair of Hudbay Minerals Inc. (a TSX and NYSE listed company), and is on the board of the Mount Sinai Hospital Foundation, where he serves on the Sinai Health System Foundation’s Audit and Risk Committee, as well as its Strategy Committee. Mr. Hibben is a CPA, CA, and CFA, and holds the ICD.D designation.

Donna Kingelin

Ms. Donna E. Kingelin is Independent Director of the Company. Ms. Kingelin is a corporate director and consultant, and is the retired owner and managing partner of Kingswood Consulting, a partnership that specialized in providing comprehensive services for seniors housing companies (2012 to Sept. 2017). She has over 30 years of leadership and operating experience in the senior living industry in public and private organizations that includes the administration of long-term care centres, retirement communities, and home care. Previously, Ms. Kingelin held the position of Managing Director at Holiday Corporation, a private independent retirement living company (June 2010 to June 2012). Prior to that, Ms. Kingelin was a senior executive at Revera Inc. (1997 to 2010), a seniors housing company that is wholly owned by the Public Service Pension Investment Board, and which was taken private in 2007 (formerly RRR, a TSX listed company). Ms. Kingelin was Senior Vice President of Operations from 1997 to 2007, and Chief Operating Officer from 2007 to 2010, where she played a key role in taking the longterm care division public in 1997 as CPL Long Term Care REIT, followed by its acquisition in 2002 by RRR, and back to private in 2007. Ms. Kingelin is a member of the Oshawa Public Utility Board of Trustees and past Chair of its Human Resources Committee, as well as the Kinark Child and Family Services board, the Kinark Foundation and the Pallium Canada board. Ms. Kingelin is a Registered Nurse, holds the ICD.D designation and has completed executive management training at Queen’s University.

Samir Manji

Mr. Samir A. Manji is nominated as Independent Director of the company. Mr. Manji has over 25 years of experience in real estate and seniors housing and is the founder and CEO of Sandpiper Group, a Vancouver-based real estate private equity firm established in 2016. Prior to that, he was the founder, Chairman and CEO of Amica Mature Lifestyles Inc. (Amica), a TSX-listed company from 1997 until its sale to Ontario Teachers’ Pension Plan in 2015. Mr. Manji is widely credited with building Amica into the premier high-end indepdenent living brand it is today. Through his family-controlled company, Barney River Investments Ltd., Mr. Manji has been involved in over $2 billion in hospitality, seniors housing and multifamily residential real estate acquisitions and dispositions. Mr. Manji is an active member of the Young Presidents’ Organization and he is the current President of the Ismaili Council of British Columbia. He was recognized in 2006 as a recipient of Canada’s Top 40 Under 40 and was also named the Ernst & Young Entrepreneur of the Year award winner in the businessto-consumer products and services category in British Columbia in 2010. Mr. Manji currently serves on the TSX-listed board of Granite Real Estate Invesment Trust (Granite REIT), one of Canada’s leading industrial REITs. Mr. Manji graduated from the University of Waterloo and received his CPA, CA with KPMG LLP in Toronto.

Aladin Mawani

Mr. Aladin W. Mawani is Independent Director of the Company. Mr. Mawani is the Principal of Exponent Capital Partners Inc., a private equity investor and real estate advisory firm. He has over 35 years of experience in the commercial real estate industry, including 15 years of c-suite experience as SVP/EVP & CFO of Oxford Properties Group Inc. from 1989 to 2001, President and CEO of Calloway/Smart Centres Real Estate Investment Trust from 2011 to 2013, and President & CEO of privately-owned Rodenbury Investments Limited during 2015 and 2016. Mr. Mawani has been an independent board member of national and North American firms across multiple asset classes, including private-pay retirement living operations. He currently serves on the TSX-listed boards of First Capital Realty Inc., as Chair of its Audit Committee, and Granite REIT, as Chair of its Corporate Governance & Nominating Committee and as a member of its Audit Committee, and is a member of the advisory board of Elevate Multi-family LP, a private real estate investment fund. In addition, he has served on the boards of Slate Office REIT, Boardwalk Real Estate Investment Trust, Calloway Real Estate Investment Trust, Amica Mature Lifestyles Inc., and IPC US Real Estate Investment Trust. Mr. Mawani is a CPA, CA, and has a Masters in Law from York University, an MBA from the University of Toronto and is a member of ICD.

Basic Compensation