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IGM Financial Inc (IGM.TO)

IGM.TO on Toronto Stock Exchange

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15 Oct 2018
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Summary

Name Age Since Current Position

R. Jeffrey Orr

59 2012 Independent Chairman of the Board

Jeffrey Carney

55 2016 President, Chief Executive Officer, Director

Luke Gould

2018 Chief Financial Officer, Executive Vice President

Barry McInerney

55 2016 President, Chief Executive Officer of Mackenzie Investments

Christopher Reynolds

2017 Vice-Chairman, President and Chief Executive Officer - Investment Planning Counsel

Michael Dibden

2017 Chief Operating Officer

Kathy Allan

2017 Chief Human Resource Officer, Executive Vice President

Douglas Milne

2017 Executive Vice President, Chief Marketing and Strategy Officer

Charles McDevitt

2017 Executive Vice President - Strategy Execution Office

Donald MacDonald

2014 Senior Vice President, General Counsel, Secretary

Rhonda Goldberg

2017 Senior Vice President - Client and Regulatory Affairs

Tony Elavia

2017 Executive Vice-President, Chief Investment Officer - Mackenzie Investment

Mark Kinzel

Executive Vice President - Financial Services of Investors Group Inc.

Damon Murchison

2017 Executive Vice-President, Head of Retail, Mackenzie Investments

Blaine Shewchuk

2017 Senior Vice-President, IGM Corporate Planning and Development, Investors Group

Marc Bibeau

58 2009 Independent Director

Marcel Coutu

64 2014 Independent Director

Andre Desmarais

61 1992 Independent Director

Paul Desmarais

64 1983 Independent Director

Gary Doer

69 2016 Independent Director

Susan Doniz

48 2017 Independent Director

Claude Genereux

55 2015 Independent Director

Sharon Hodgson

52 2015 Independent Director

Sharon MacLeod

49 2017 Independent Director

Susan McArthur

55 2016 Independent Director

John McCallum

74 1998 Independent Director

Gregory Tretiak

62 2017 Independent Director

Beth Wilson

49 2018 Independent Director

Biographies

Name Description

R. Jeffrey Orr

Mr. R. Jeffrey Orr serves as Independent Chairman of the Board of IGM Financial Inc. Mr. Orr is Chair of the Board of the Corporation, Investors Group and Mackenzie Inc. He is also President and Chief Executive Officer of Power Financial, a position he has held since May 2005. From May 2001 until May 2005 he was President and Chief Executive Officer of the Corporation. Prior to joining the Corporation, he was Chairman and Chief Executive Officer of BMO Nesbitt Burns Inc. and Vice-Chairman, Investment Banking Group, Bank of Montreal. Mr. Orr had been with BMO Nesbitt Burns Inc. and predecessor companies since 1981. He is a director of Investors Group, Mackenzie Inc., Power Financial and Power Corporation and Chairman of the Board and a director of Great-West Lifeco, Great-West, London Life, Canada Life Financial Corporation, Canada Life, Putnam and Great-West Financial. Mr. Orr is active in a number of community and business organizations.

Jeffrey Carney

Mr. Jeffrey R. Carney serves as President, Chief Executive Officer, Director of the company. Mr. Carney was appointed President and Chief Executive Officer of the Corporation and Investors Group on May 6, 2016. Prior to this role, Mr. Carney held the positions of Co-President and Chief Executive Officer of the Corporation and President and Chief Executive Officer of Mackenzie Investments from May 6, 2013 until May 6, 2016 and July 11, 2016 respectively. Mr. Carney was the Executive VicePresident, Branch Network with Charles Schwab & Co. Inc. from March to November 2012, and prior to that, Mr. Carney was the Senior Managing Director, Head of Marketing & Products for Putnam from October 2008 to March 2012. He is also a director of Investors Group, Mackenzie Inc., Mackenzie Investments, Personal Capital Corp., Wealthsimple Inc. and Portag3 Ventures GP Inc.

Luke Gould

Mr. Luke Gould has been appointed Chief Financial Officer, Executive Vice President - Finance of the Company., effective on January 1, 2018. He is Executive Vice-President and Chief Financial Officer, IGM Financial, Investors Group and Mackenzie Investments. Mr. Gould joined Investors Group in 1997 and held a number of roles having responsibilities for business and strategic analysis, investor relations and corporate finance activities prior to becoming Vice President and Treasurer of IGM Financial in 2005. He was appointed Senior Vice-President and Chief Financial Officer of Investors Group in 2012 and Chief Financial Officer of Mackenzie Investments in 2013, and has also been responsible for the IGM Financial shared service functions of financial reporting, risk management and taxation over this time. He holds a Bachelor of Commerce (Honours) degree from the University of Manitoba and is a CFA Charterholder.

Barry McInerney

Mr. Barry McInerney serves as President, Chief Executive Officer of Mackenzie Investments, a subsidiary of the company. He has over 25 years of experience in the investment management business. He has held senior executive positions at several leading financial institutions in North America. Mr. McInerney is a graduate of the master of business administration and bachelor of commerce programs at the University of Toronto, and holds the chartered financial analyst (CFA), the fellow of the Society of Actuaries (FSA) and the fellow of the Canadian Institute of Actuaries (FCIA) designations.

Christopher Reynolds

Michael Dibden

Mr. Michael Dibden is Chief Operating Officer of the Company. He served as Senior Vice-President, Technology Operations and Wealth Management Technology, Canadian Imperial Bank of Commerce.

Kathy Allan

Ms. Kathy Allan serves as Chief Human Resource Officer, Executive Vice President of the Company. She served as Senior Vice-President - Human Resources of Mackenzie Financial Corporation and Investors Group Inc. a subsidiary of the IGM Financial Inc.

Douglas Milne

Mr. Douglas Milne is Executive Vice President, Chief Marketing and Strategy Officer of the Company. He served as Vice-President, Marketing, TD Bank Group Vice-President, Marketing, Cara Operations.

Charles McDevitt

Mr. Charles B. McDevitt is Executive Vice President - Strategy Execution Office of the Company. He was Executive Vice-President, Great-West Lifeco. U.S. Senior Vice-President, Fidelity Investments.

Donald MacDonald

Mr. Donald J. MacDonald serves as Senior Vice President, General Counsel, Secretary of the Company. From January 1999 to October 2014, he was Vice-President and Counsel, Investors Group Inc.

Rhonda Goldberg

Ms. Rhonda Goldberg serves as Senior Vice President - Client and Regulatory Affairs of the Company. In her new role, Goldberg serves on the Operating Committees of Investors Group and Mackenzie Investments. She also will provide support to Investment Planning Counsel as needed. Goldberg reports to IGM Financial President and Chief Executive Officer Jeffrey R. Carney. " Rhonda's experience as a regulator enables us to navigate the changing regulatory and competitive landscape for our clients, advisors and our companies," said Carney. Since Goldberg joined IGM Financial, she has spent her time providing broad-based regulatory and legal advice and support across the IGM Financial group of companies and has established herself as a key liaison with regulators and other stakeholders. Prior to joining IGM Financial, Goldberg was employed by the Ontario Securities Commission from 1999 to 2015, serving in progressively senior roles. From 2010 -2015, she served as Director, Investment Funds and Structured Products. Goldberg holds degrees from the University of Western Ontario and the Osgoode Hall Law School of York University. She also has taken postgraduate executive courses at Harvard University's John F. Kennedy School of Government; Northwestern University's Kellogg School of Management; and the University of Toronto's Rotman School of Management.

Tony Elavia

Mr. Tony H. Elavia serves as Executive Vice-President, Chief Investment Officer - Mackenzie Investment of the Company. He served as Executive Vice-President, Financial Services, Investors Group, a subsidiary of IGM Financial Inc. From 2011 to March 2012, he was Founder and Chief Executive Officer, Lumos Capital Management.

Mark Kinzel

Damon Murchison

Mr. Damon Murchison serves as Executive Vice-President, Head of Retail, Mackenzie Investments of the Company. He served as Senior Vice President, Head of Retail Distribution, Mackenzie Investments, a subsidiary of the IGM Financial Inc. from March 2013 to June 8, 2014 Mr. Murchison served as Senior Vice-President and Head of Sales, Retail Markets, Manulife Financial. and from July 2010 to February 2013 he was Vice-President and National Sales Manager, Manulife Investments Manulife Financial.

Blaine Shewchuk

Marc Bibeau

Mr. Marc A. Bibeau serves as Independent Director of IGM Financial Inc. Mr. Bibeau is President and CEO of Beauward Shopping Centres Ltd., a privately owned company which develops, leases and operates real estate properties. He has been President of Beauward Shopping Centres Ltd. since 1996, and previously held a number of other positions with that company. Mr. Bibeau is a director of Power Financial, Investors Group and Mackenzie Inc. He is also a director of Tennis Canada. He graduated from Bishop’s University with a Bachelor of Business Administration.

Marcel Coutu

Mr. Marcel R. Coutu serves as Independent Director of the company. since May 9, 2014. Mr. Coutu is the former Chairman of Syncrude Canada Ltd., one of Canada’s largest oil sands projects and is past President and Chief Executive Officer of Canadian Oil Sands Limited. He was previously Senior VicePresident and Chief Financial Officer of Gulf Canada Resources Limited, and prior to that held various positions in the areas of corporate finance, investment banking, and mining and oil and gas exploration and development. Mr. Coutu is a director of Investors Group, Mackenzie Inc., Great-West Lifeco, Great-West, London Life, Canada Life Financial Corporation and Canada Life. He is also a director of Power Corporation, Brookfield Asset Management Inc., Enbridge Inc., the Calgary Exhibition and Stampede Board, and is a past member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta. He has also held board positions with Gulf Indonesia Resources Limited, TransCanada Power Limited Partnership and the Board of Governors of the Canadian Association of Petroleum Producers.

Andre Desmarais

Dr. Andre Roger Desmarais, Ph.D. O.C. O.Q. serves as Independent Director of IGM Financial Inc. Mr. Desmarais is Deputy Chairman, President and Co-Chief Executive Officer of Power Corporation and Executive Co-Chairman of Power Financial. Prior to joining Power Corporation in 1983, he was Special Assistant to the Minister of Justice of Canada and an institutional investment counselor at Richardson Greenshields Securities Ltd. He has held a number of senior positions with the Power group of companies. Mr. Desmarais is a director of Investors Group, Mackenzie Inc., and a number of other Power group companies including Power Financial, Power Corporation, Pargesa Holding SA, Great-West Lifeco, Great-West, London Life, Canada Life Financial Corporation, Canada Life, Putnam and Great-West Financial. Mr. Desmarais is Honorary Chairman of the Canada China Business Council and is a member of several Chinabased organizations. Mr. Desmarais is active in cultural, health and other not-for-profit organizations. He is an Officer of the Order of Canada and the National Order of Québec. He has received Honorary Degrees from Concordia University, from the Université de Montréal and from McGill University. Mr. Desmarais is a trustee of the Desmarais Family Residuary Trust.

Paul Desmarais

Mr. Paul Desmarais, Jr. O.C. O.Q. serves as an Independent Director of IGM Financial Inc. Mr. Desmarais is Chairman and Co-Chief Executive Officer of Power Corporation and Executive Co-Chairman of Power Financial. He joined Power Corporation in 1981 and assumed the position of Vice-President the following year. He served as Vice-President of Power Financial from 1984 to 1986, as President and Chief Operating Officer from 1986 to 1989, as Executive ViceChairman from 1989 to 1990, as Executive Chairman of the Board from 1990 to 2005, as Chairman of the Executive Committee from 2006 to 2008 and as Executive Co-Chairman from 2008 until today. He also served as Vice-Chairman of Power Corporation from 1991 to 1996. He was named Chairman and Co-Chief Executive Officer with Power Corporation in 1996. From 1982 to 1990, he was a member of the Management Committee of Pargesa; in 1991, Executive Vice Chairman and then Executive Chairman of the Management Committee; in 2003, he was appointed Co-Chief Executive Officer and in 2013 named Chairman of the Board. He has been a director of Pargesa since 1992. He is a director of many Power group companies in North America, including Power Corporation, Power Financial, Investors Group, Mackenzie Inc., Great-West Lifeco, Great-West, London Life, Canada Life Financial Corporation, Canada Life, Putnam and Great-West Financial. In Europe, he is Vice-Chairman of the Board of Groupe Bruxelles Lambert, and a director of LafargeHolcim Ltd. and SGS SA. He was Vice-Chairman of the Board and a director of Imerys until 2008 and a director of Total SA until 2017 and of GDF Suez until 2014. Mr. Desmarais is Past Chairman and a member of The Business Council of Canada. He is also active on a number of philanthropic advisory councils. He was named an Officer of the Order of Canada in 2005, Officer of the National Order of Quebec in 2009 and, Chevalier de la Légion d’honneur in France in 2012. He has received a number of honorary doctorates.

Gary Doer

Mr. Gary Albert Doer serves as Independent Director of the Company. Mr. Doer has served as a Senior Business Advisor at Dentons Canada LLP, a global law firm, since August 2016. He previously served as Canada’s Ambassador to the United States from October 2009 to January 2016. He was the Premier of Manitoba from 1999 to 2009, and served in a number of positions as a member of the Legislative Assembly of Manitoba from 1986 to 2009, including Minister of Urban Affairs from 1986 to 1988 and Minister of Crown Investments from 1987 to 1988. In 2017, Mr. Doer joined the Trilateral Commission as a member of the North American Group. Mr. Doer is a volunteer Co-Chair of the Wilson Centre’s Canada Institute, a non-partisan public policy forum focused on Canada-U.S. relations. He received a distinguished diplomatic service award from the World Affairs Council in 2011 and was inducted into the Order of Manitoba in 2010. Mr. Doer is also a director of Power Corporation, Power Financial, Investors Group, Mackenzie Inc., Great-West Lifeco, Great-West, Great-West Financial, London Life, Canada Life Financial Corporation, Canada Life and Barrick Gold Corporation.

Susan Doniz

Ms. Susan Doniz is Independent Director of the Company. Ms. Doniz was appointed as the Group Chief Information Officer for Qantas Airways Limited on February 1, 2017. Previously, she was the Chief Expert, Office of the Global CEO for SAP SE, a position she held since January 2016. In addition, Ms. Doniz is the Founder and President of Mzungu, a firm that provides digital, big data and technology executive advisory services. She previously served as Global Product, Digital Strategy and Chief Information Officer for Aimia from July 2011 to January 2015. She was the Director of Global Business Services for Procter & Gamble from 2009 to 2011, and served in a number of other senior positions at Procter & Gamble from 1994 to 2009, including Global Business Intelligence Leader, CIO Canada and Information Security from 2003 to 2009. Ms. Doniz is currently a director of goeasy Ltd. and serves as an Advisory Board member to the Centre for Digital Transformation, Paul Merage School of Business, UC Irvine. She previously served on the Advisory Board of Engineers without Borders Canada, was a member of the Royal Bank Advisory Council and was a director of the CIO Association of Canada. In 2011, Ms. Doniz was named by Women’s Executive Network as one of Canada’s most powerful women.

Claude Genereux

Mr. Claude Genereux serves as Independent Director of the Company. Mr. Généreux joined Power Corporation and Power Financial as an Executive Vice-President in March 2015. Mr. Généreux is a director of Investors Group, Mackenzie Inc., Great-West Lifeco, Great-West, London Life, Canada Life Financial Corporation and Canada Life. He is also Senior Partner Emeritus of McKinsey & Company (“McKinsey”), a global management consulting firm. During his 28 years at McKinsey, prior to joining Power Corporation and Power Financial, Mr. Généreux focused on serving leading global companies in Financial Services, Resources and Energy. He held various leadership positions including Global Sector Leadership in energy, Office Leadership in Montreal, Global Personal Committees for partner election and evaluation, and Global Recruiting for non-MBA candidates. He has been posted in Montreal, Paris, Toronto and Stockholm. Mr. Généreux is the Vice-Chair of the Board of Governors at McGill University and serves on the Boards of the Jeanne Sauvé Foundation, the Loran Scholars Foundation and the Rhodes Scholarships in Canada. He graduated from McGill University and Oxford University where he studied as a Rhodes Scholar.

Sharon Hodgson

Ms. Sharon Hodgson serves as Independent Director of the Company. Ms. Hodgson has recently retired as the Global Leader for Cognitive, AI, Watson and Advanced Analytics, at IBM Global Business Services. Prior to this role, Ms. Hodgson served as the General Manager of Global Business Services, IBM Canada, a position she held from May 2014 to January 2017. Between 2002 and 2014, she lead several IBM businesses including Consulting Services Leader for IBM’s Growth Markets Unit in Shanghai, and IBM’s NA Business Analytics and Optimization practice Leader out of Philadelphia. She has over two decades of experience in leading large scale/global business transformation programs for Fortune 100 clients and delivering the benefits associated with these programs. Ms. Hodgson is a director of Investors Group and Mackenzie Inc. She has an undergraduate degree in Commerce from the University of Manitoba and an MBA from the Wharton School of Business, University of Pennsylvania.

Sharon MacLeod

Ms. Sharon MacLeod is Independent Director of the Company. Ms. MacLeod is the Global Brand Vice-President, Dove Men+ Care, with Unilever. She has held this position since July 2016. Previously, she served in a number of other senior positions with Unilever including VicePresident Marketing, Personal Care North America from January 2014 to June 2016, Vice-President Marketing, Canada from January 2012 to December 2013, and is best known for her leadership of the Dove brand in Canada for a decade. Since 2008, Ms. MacLeod has acted as an advisor to Villa Leadership, a Women’s Leadership program that she founded. She previously was a member of the Advertising Standards Canada Council and acted as Unilever’s Global Diversity Champion. In 2013 and 2014, Ms. MacLeod was named by Women’s Executive Network as one of Canada’s most powerful women. Ms. MacLeod was honoured by Catalyst Canada in 2014.

Susan McArthur

Ms. Susan J. McArthur serves as Independent Director of the company. Ms. McArthur is a Managing Partner at GreenSoil Investments, a growth equity firm focused on investing in Real Estate Technology and Agro Food Technology. She has 25 years of international and domestic investment banking experience and has advised corporate clients on a broad range of transactions including acquisitions and divestitures, public and private equity and debt financing, capital restructuring and other strategic initiatives. Ms. McArthur is a director of Great-West Lifeco, Great-West, London Life, Canada Life Financial Corporation, and Canada Life. She is also a trustee of Chemtrade Logistics Income Fund. She has previously served as a director on a number of boards, including Chair of the Canada Revenue Agency Board of Management and director of First Capital Realty Inc., KP Tissue Inc., KPGP Inc., Globalive Wireless Management (Wind Mobile), UBS Bank Canada, Orvana Minerals Inc., Bonus Resource Services, The Canadian Club of Toronto, Les Jardins de Metis Inc., Luminato and The Toronto International Film Festival. Ms. McArthur is a graduate of the University of Western Ontario.

John McCallum

Mr. John S. McCallum serves as an Independent Director of IGM Financial Inc. Mr. McCallum is a Professor of Finance at the University of Manitoba and does research in capital markets and corporate finance. He is a director of Investors Group and Mackenzie Inc. and is also a director of Toromont Industries Ltd. From 1991 to 2000 he was Chair of the Board of Directors of Manitoba Hydro. He previously served as special advisor to the Federal Minister of Industry, Science, Technology and Trade from 1991 to 1993, special advisor to the Federal Minister of Finance from 1984 to 1991 and economic advisor to the Premier of Manitoba from 1977 to 1981.

Gregory Tretiak

Mr. Gregory D. Tretiak serves as Independent Director of the company. Mr. Tretiak is Executive Vice-President and Chief Financial Officer of Power Corporation and Power Financial, a position held since May 15, 2012. From 1988 to May 2012, he held various positions with the Corporation, including the position of Executive VicePresident and Chief Financial Officer of the Corporation from April 1999 to May 2012. Mr. Tretiak is a director of Investors Group, Mackenzie Inc., Great-West Lifeco, Great-West, Great-West Financial, London Life, Canada Life Financial Corporation, Canada Life, Putnam and PanAgora Asset Management, Inc.

Beth Wilson

Ms. Beth Wilson is Independent Director of the Company. Ms. Wilson is Dentons Canada LLP’s Chief Executive Officer and a member of the global leadership team, serving on the Global Board and Global Management Committee. She has held this position since July 2017. Prior to this role, Ms. Wilson was an audit partner at KPMG from 2000 to 2016 and served as Managing Partner at KPMG in the Greater Toronto Area from 2009 to 2016. Between 2005 and 2016, Ms. Wilson also served as a member of KPMG’s Management Committee in various leadership positions, including Canadian Managing Partner Community Leadership, Canadian Managing Partner Regions and Enterprise with responsibility for 24 regional offices across Canada and Chief Human Resources Officer. Ms. Wilson is currently a Trustee at The Hospital For Sick Children, a Governor and the Audit Committee Chair at Trinity College School, a Director at Woodgreen Foundation and a Director at Toronto CivicAction. She has previously been a Director and Chair of the Toronto Region Board of Trade, Director and Vice-Chair at the National Ballet of Canada, and a Trustee for the Ontario Science Centre. Ms. Wilson was appointed Fellow (FCA) by the Ontario Institute of Chartered Accountants in 2004. She was awarded the Margot Franssen Leadership Award by MicroSkills in 2013, and the YWCA Women of Distinction Award in 2015. She was also named as one of WXN Top 100 Most Powerful Women in 2008 and 2011 and one of the top 25 Canadian Women of Influence in 2014.