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Fairfax Africa Holdings Corp (FAHu.TO)

FAHu.TO on Toronto Stock Exchange

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7 Dec 2018
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Summary

Name Age Since Current Position

V. Prem Watsa

66 Non-Executive Independent Chairman of the Board

Michael Wilkerson

47 Chief Executive Officer, Non-Executive Independent Director

Guy Bentinck

50 Chief Financial Officer, Corporate Secretary

Christopher Hodgson

54 Lead Director

Hisham Ezz Al-Arab

60 Director

Ndidi Nwuneli

42 Director

Richard Okello

41 Director

Louis Von Zeuner

55 Director

Quinn McLean

37 Non-Executive Independent Director

Paul Rivett

49 Non-Executive Independent Director

Biographies

Name Description

V. Prem Watsa

Mr. V. Prem Watsa is Non-Executive Independent Chairman of the Board of the Company. Mr. Watsa has been the Chairman and Chief Executive Officer of Fairfax since 1985 and has an over 40-year track record in investment management. Mr. Watsa has served as Vice President of the Portfolio Advisor since 1985. Mr. Watsa is a member of the Sick Children’s Hospital Foundation and is Chairman of their Investment Committee, member of the Advisory Board for the Richard Ivey School of Business, member of the Board of Directors of the Royal Ontario Museum Foundation, Lead Director on the Board of Blackberry and Chairman of the Investment Committee of St. Paul’s Anglican Church in Toronto. Mr. Watsa is on the Board of Horatio Alger Association U.S. and President of Horatio Alger Association of Canada. Mr. Watsa is Chairman of Fairfax India and he was formerly Chancellor of the University of Waterloo and on the Boards of the Bank of Ireland and of ICICI Bank. Mr. Watsa is a recipient of the Order of Canada. Mr. Watsa holds a Bachelor’s Degree in Chemical Engineering from the Indian Institute of Technology in Madras, India and obtained his MBA from the Richard Ivey School of Business at the University of Western Ontario. Mr. Watsa received a Chartered Financial Analyst designation. Mr. Watsa holds an Honorary Doctorate of Laws from the University of Western Ontario, an Honorary Doctorate of Sacred Letters from Wycliff College of the University of Toronto and an Honorary Doctorate of Divinity from Tyndale College. Mr. Watsa is a resident of Toronto, Ontario, Canada.

Michael Wilkerson

Mr. Michael Wilkerson is Chief Executive Officer, Non-Executive Independent Director of the Company. Prior to formation of the Company, Mr. Wilkerson served as the Managing Partner of AgriGroupe. AgriGroupe sponsored in 2014 the $500 million take private acquisition of AFGRI, in 2015 the acquisition of CEA, and in 2016 an investment in Ascendant. Previously, Mr. Wilkerson served as Global Co-Head of the Consumer, Food & Retail Group and as a Managing Director in the Financial Institutions Group at Lazard, one of the world’s preeminent financial advisory and asset management firms. Mr. Wilkerson was also a Managing Director at Citigroup, where he led the Financial Institutions M&A effort in New York. Mr. Wilkerson is Chairman of the Boards of Directors of each of AFGRI and CEA and is a director of Ascendant. Since 2008, he has served as a director (most recently as Chairman of the board) of charity: water, one of the world’s largest non-profits focused on clean water solutions in Africa. Over this period, charity: water has successfully deployed US$110 million in support of projects across 15 countries in Africa. He holds an MBA from Harvard Business School, a M.A. in International Relations from Yale University and a B.S. summa cum laude from Oral Roberts University.

Guy Bentinck

Mr. Guy Bentinck is Chief Financial Officer, Corporate Secretary of the Company. Prior to formation of the Company, Mr. Bentinck served as a consultant to the Portfolio Advisor where he provided consulting and advisory services in respect of the development and execution of the Portfolio Advisor’s corporate strategies and potential investments, primarily in the resource and energy sectors. Mr. Bentinck is also a director of APR, a Fairfax portfolio company that has operated in 11 countries in Africa. Previously, Mr. Bentinck served in various roles for Sherritt International Corporation (‘‘Sherritt’’), a Canadianlisted resource and energy company, including as Senior Vice President of Capital Projects and Senior Vice President of Finance and Chief Financial Officer. Mr. Bentinck was also Senior Vice President and Chief Financial Officer of Royal Utilities Income Fund, a Canadian-listed income trust that was the largest coal producer in Canada and 40% owned by Sherritt. He was part of the core management team that grew Sherritt’s assets from US$1.3 billion in 1997 to US$10.7 billion in 2010, a cumulative average annual increase of almost 18%. Prior to his time with Sherritt, Mr. Bentinck worked for 10 years with PricewaterhouseCoopers LLP in corporate finance, restructuring, and audit. Mr. Bentinck holds an M.A. in Accounting and Economics from the University of Aberdeen, Scotland and is a Chartered Accountant.

Christopher Hodgson

Mr. Christopher D. Hodgson is Lead Director of the Company.

Hisham Ezz Al-Arab

Mr. Hisham Ezz Al-Arab is Director of the Company. Mr. Ezz Al-Arab is the Chairman and Managing Director of Commercial International Bank (‘‘CIB’’) which he has led since 2002. Under his leadership, CIB expanded its leading position, grew its market capitalization from EGP1 billion to EGP78.5 billion, and developed from a wholesale lender into a full-fledged financial institution. Prior to joining CIB, Mr. Ezz Al-Arab was the Managing Director of international investment banks in London, Bahrain, New York, and Cairo. Mr. Ezz Al-Arab received the Euromoney’s Award for Excellence and was awarded EMEA Finance African Banking Award in recognition of the distinguished success of CIB in the banking sector under his leadership. Mr. Ezz Al-Arab is the Chairman of the Board of Trustees of the CIB Foundation and has been a director at MasterCard Middle East and Africa’s Regional Advisory Board since June 2007, in addition to being a principal member of the American Chamber of Commerce. Mr. Ezz Al-Arab was elected as a member of the board of trustees for the American University in Cairo in November 2012. In 2013, Mr. Ezz Al-Arab was also elected as Chairman of the Federation of Egyptian Banks and in 2014, Mr. Ezz Al-Arab became a member of the Institute of International Finance Emerging Markets Advisory Council.

Ndidi Nwuneli

Mrs. Ndidi Okonkwo Nwuneli is Director of the Company. Mrs. Nwuneli is the Founder of LEAP Africa, Co-Founder of AACE Food Processing & Distribution, an indigenous agroprocessing company, and a partner at Sahel Capital Management, an advisory and private equity firm focused on the agribusiness sector in West Africa. Ms. Nwuneli is also the director of the African Philanthropy Forum. Ms. Nwuneli was previously a management consultant with McKinsey & Company, working in their Chicago, New York and Johannesburg offices before subsequently returning to Nigeria to serve as the pioneer executive director of the FATE Foundation. Ms. Nwuneli was recognized as a Young Global Leader by the World Economic Forum and received a National Honor — Member of the Federal Republic from the Nigerian Government. Ms. Nwuneli was listed as one of the 20 Youngest Power African Women by Forbes. Ms. Nwuneli serves on numerous international and local boards including Nestle Nigeria Plc., Nigerian Breweries Plc., Cornerstone Insurance Plc. and Royal DSM Sustainability Board. Ms. Nwuneli holds an M.B.A. from Harvard Business School and an undergraduate degree with honors in Multinational and Strategic Management from the Wharton School of the University of Pennsylvania.

Richard Okello

Mr. Richard Okello is Director of the Company. Mr. Okello is the co-founder and CEO of Sango Capital Management, an investment company managing two private equity funds. Mr. Okello previously held various roles over 9 years ranging from associate to partner at Bridgewater Associates, the largest global hedge fund. Mr. Okello was also a principal at Makena Capital for 5 years. At Makena Capital, Mr. Okello managed multiple portfolios that were substantially allocated to emerging markets and oversaw the research into new investment ideas. Mr. Okello joined Makena Capital 9 months into its inception when the firm had raised and started to deploy approximately US$8 billion across various asset classes. Today the firm manages US$18 billion around the world. Mr. Okello sits on the boards of several African companies and fund advisory boards as well as the boards of the Human Horizons Foundation, the African Leadership Foundation and Proprietary Capital USA. Mr. Okello was educated in Africa, the U.K. and the U.S., receiving an MBA Hons. from Pace University and an Honours Bachelor of Arts degree in economics and public policy from Swarthmore College. Mr. Okello also attended the United World College of the Atlantic in Wales, United Kingdom.

Louis Von Zeuner

Mr. Louis Von Zeuner is Director of the Company. Mr. Von Zeuner is the chairman of African Bank and serves on the boards of several companies including AFGRI, MMI Holdings Limited, Telkom SA Limited, Mahela Boerdery Proprietary Limited, MyPlayers Rugby Proprietary Limited and Paycorp Investments Proprietary Limited. Previously, Mr. Von Zeuner spent 32 years at Barclays Africa Group Limited (formerly, ABSA Group Limited) during which time he acted in various executive roles including Deputy Chief Executive Officer. Mr. Von Zeuner holds a Bachelor of Economics degree from the University of Stellenbosch.

Quinn McLean

Mr. Quinn McLean is Non-Executive Independent Director of the Company. Mr. McLean is a Vice President and a member of the investment committee of the Portfolio Advisor. Mr. McLean joined the Portfolio Advisor in 2011. Mr. McLean has over 11 years’ of experience in investment management and currently manages the investment float for Fairfax in the Middle East and Africa. Mr. McLean is a member of the board of directors of Gulf Insurance Group (Kuwait), AFGRI (South Africa), First Capital Insurance Ltd (Singapore) and APR (Florida). Mr. McLean earned his B.A. (Accounting) and MBA from the University of Toronto, received a Chartered Financial Analyst designation and is a Chartered Accountant and Chartered Professional Accountant.

Paul Rivett

Mr. Paul C. Rivett is Non-Executive Independent Director of the Company. Mr. Rivett has been the President of Fairfax since July 19, 2013. Mr. Rivett also serves as the Vice President and Chief Operating Officer of the Portfolio Advisor. Mr. Rivett is a registered Investment Manager. Mr. Rivett served as Vice President of Operations at Fairfax from August 1, 2012 to July 19, 2013. Prior to that, he served as Chief Legal Officer of Fairfax from January 2007 to August 2012 and as Vice President from April 2004. Prior to joining Fairfax, Mr. Rivett was an attorney of Shearman & Sterling LLP. Mr. Rivett currently serves as a director of Zenith National Insurance Corp., Odyssey Re Holdings Corp. and Northbridge Financial Corporation and previously served as a director of MEGA Brands Inc., Resolute Forest Products Inc., The Brick Ltd. and Resolute FP US Inc. (formerly Bowater Inc.). Mr. Rivett holds a BSc from University of Toronto and an LLB from Queen’s University.