Extendicare

Board of Directors of Extendicare Inc.

Alan D. Torrie (GN) (HR) Independent Director, Non-executive Chairman, Chair of the Governance and Nominating Committee

Mr. Torrie was appointed Chairman of the Board on May 25, 2017. He is currently the President and Chief Executive Officer of Discovery Air Inc. (since August 2017). Prior to that, he was the President and Chief Executive Officer of Morneau Shepell Inc. (from 2008 to May 2017), and was a member of its board of directors from 2005 to 2017. A TSX listed company, Morneau Shepell 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.

Previously, Mr. Torrie amassed extensive experience as a senior executive in the seniors’ housing and health and life science industries, including as Chief Operating Officer of Retirement Residences REIT 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 to 2005), and as President and Chief Executive Officer of MDS Diagnostics and MDS Laboratories (1999 to 2003). He has also served as Executive-in-Residence 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 Inc. (2006 to 2013) 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. Mr. Torrie was appointed to the Board on January 6, 2016.

Margery O. Cunningham (A) Independent Director, Chair of the Audit Committee

Ms. Cunningham is a corporate director and consultant, who most recently served as Vice President at Avalere Health, a leading advisory firm focused on health care business strategy and public policy, from August 2011 to October 2016. 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. Ms. Cunningham was appointed to the Board on August 30, 2010, and she resides in New York, New York.

Dr. Michael Guerriere Non-independent Director, President and Chief Executive Officer

Dr. Guerriere was appointed Extendicare’s President and Chief Executive Officer effective October 22, 2018. A member of Extendicare’s Board of Directors since March 2018, Dr. Guerriere has a diverse background with over 25 years of experience in hospital operations, health management consulting and technology. Most recently, he served as Chief Medical Officer, Vice President and Chief Strategy Officer of TELUS Health, a provider of technology services to clinical professionals, hospitals, government agencies, health authorities, pharmacies and consumers across Canada. He also served ten years as an executive in university teaching hospitals, including as 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 (CIHI), and the Institute of Clinical Evaluative Sciences (ICES).

Dr. Guerriere holds a degree in Medicine and specialty training in Internal Medicine from the University of Toronto, an MBA from the Kellogg School of Management at Northwestern University and an honorary doctorate from Ryerson University. Dr. Guerriere was appointed to the Board in March 2018, and he resides in Toronto, Ontario.

Sandra L. Hanington (A) (GN) (QR) Independent Director, Chair of the Quality and Risk Committee

Ms. Hanington is co-founder and a director of Jack.org, promoting mental health and wellness for youth in Canada since 2010, and was most recently the President and Chief Executive Officer of the Royal Canadian Mint (from February 2015 to July 2018). Ms. Hanington has an extensive background in the financial services industry having served in a number of progressively senior executive roles with the BMO Financial Group in North America (from 1999 to 2011), and prior thereto with Manulife Financial/North American Life Assurance, Royal Trustco Ltd. and Suncor Inc./Sunoco Group.

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, holds an MBA from the Rotman School of Management, University of Toronto, and holds the ICD.D designation. Ms. Hanington was appointed to the Board in August 2014, and she resides in Toronto, Ontario.

Alan R. Hibben (A) (GN) (AQ) Independent Director

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. Mr. Hibben is currently providing advice to the Province of Ontario on a number of files. Previously, Mr. Hibben was the Managing Director in the Mergers and Acquisitions Group at RBC Capital Markets (March 2011 to December 2014). In addition, he had been a partner with Blair Franklin Capital Partners (2009 to 2011), and up until 2007, Mr. Hibben held the position of Head, Strategy & Development at RBC Financial Group, where he was responsible for corporate strategy as well as merger, acquisition and development activities for the bank. He was also Chief Executive Officer, RBC Capital Partners, the private equity investment arm of RBC Financial Group (2000 to 2007).

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. He currently serves as a director of DHX Media Ltd. (a TSX and NASDAQ listed company), Home Capital Group Inc. (a TSX listed company), Hudbay Minerals Inc (a TSX and NYSE listed company), and the Mount Sinai Hospital Foundation. Mr. Hibben is a CPA, CA, and CFA and holds the ICD.D designation. He was appointed to the Board on January 22, 2016, and he resides in Toronto, Ontario.

Donna E. Kingelin (AQ) (HR) Independent Director, Chair of the Human Resources Committee

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 September 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 with over 300 communities across North America (June 2010 to June 2012). Prior to that, she 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 (PSP Investments), and which was taken private in 2007 (formerly Retirement Residences REIT). 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 long-term care division public in 1997 as CPL Long Term Care REIT, followed by its acquisition in 2002 by Retirement Residences REIT, and back to private in 2007 when it was acquired by PSP Investments.

Ms. Kingelin is currently a member of the Board of Trustees for Lakeridge Health, one of Ontario's largest community hospitals, and is past Chair of its Board of Trustees, past Chair of its resource and quality committees, and a past member of its finance and audit committees. In addition to her Lakeridge Board responsibilities, Ms. Kingelin is a Trustee and Chair of the Human Resource Committee of the Oshawa Public Utility Board of Trustees, and is a member of the board of the Kinark Child and Family Services. Ms. Kingelin previously served as a member of the Ontario Long Term Care Association Board of Trustees where she was the Chair of the Resident Care and Services Committee. She is a Registered Nurse, has earned the ICD.D designation from the Institute of Corporate Directors and has completed executive management training at Queens University. Ms. Kingelin was appointed to the Board on January 6, 2016, and she resides in Haydon, Ontario.

Al Mawani (A) (AQ) Independent Director, Chair of the Acquisitions Committee

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 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 a 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. and Granite Real Estate Investment Trust 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 Belgrove Capital Inc., a private asset and investment management firm. 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. He was appointed to the Board on December 1, 2017, and he resides in Toronto, Ontario.

Gail Paech (HR) (QR) Independent Director

Ms. Paech has extensive experience in the Ontario health care sector and since 2013 has served as the President and Chief Executive Officer of Associated Medical Services Inc., a Canadian charitable organization that supports the education of health care professionals, compassionate care and bioethics. She previously served as Interim Chief Executive Officer of the Ontario Long-Term Care Association, Ontario’s largest association of long-term care providers, from August 2011 to June 2012. From 2009 to 2011, Ms. Paech served as Associate Deputy Minister of Economic Development and Trade in Ontario, and from 1998 to 2009, she served as Assistant Deputy Minister of Health and Long-Term Care in Ontario. Between 1991 and 1998, she was the President and Chief Executive Officer of Toronto East General Hospital. She has also been an Assistant Professor in the Faculties of Nursing and Medicine at the University of Toronto.

Ms. Paech is a director of WeedMD Inc. (a TSX Venture listed company). She holds a B.Sc in Nursing from the University of Ottawa and a M.Sc. in Nursing from the University of Toronto. Ms. Paech was appointed to the Board on January 22, 2016 and she resides in Toronto, Ontario.

A: Audit Committee
AQ: Aquisitions Committee
GN: Governance and Nominating Committee
HR: Human Resources Committee
QR: Quality and Risk Committee

Honorary Directors of Extendicare

  • George A. Fierheller - Honorary Director (former board member, April 1981 to June 2010)
  • Dr. Seth B. Goldsmith - Director Emeritus (former board member, 1995 to January 2016)
  • Alvin G. Libin - Director Emeritus (former board member, 1984 to January 2016)
  • J. Thomas MacQuarrie, Q.C. - Director Emeritus (former board member, 1980 to January 2016)