Briefcase

Guiding Principles.

Our corporate governance practices comply with the guidelines for effective corporate governance established by the Toronto Stock Exchange. We are committed to high standards of corporate governance and will continue to review and update our practices to ensure we meet the evolving standards and stay within established guidelines.

Board of Directors

Trican’s directors play an integral role in guiding our business strategically and ethically.

Download Mandate of the Board of Directors (PDF)

Chairman

Murray L. Cobbe

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Chairman

Murray L. Cobbe

Mr. Cobbe has been a director of Trican since September 20, 1996 and Chairman since January 1, 2012. From August 1, 2009 until December 31, 2011, he served as Executive Chairman. Prior to that date, he was President and Chief Executive Officer of Trican, positions that he held since September 1996. Mr. Cobbe has been in the well services business since 1974, and has overseen operations in Canada, Europe, the Middle East and the United States. Mr. Cobbe graduated from the Southern Alberta Institute of Technology in 1970 with a Diploma in Petroleum Engineering (Reservoir). In addition, Mr. Cobbe is past Director and Chairman of the Petroleum Services Association of Canada (PSAC), which is an association of Canadian oilfield service, supply, and manufacturing companies. Mr. Cobbe currently serves as a director of Pason Systems Inc. (a leading provider of instrumentation systems to land-based and offshore drilling rigs worldwide), Bellatrix Exploration Ltd. (an exploration and production company), and is lead director of Secure Energy Services Ltd. (a publicly traded energy services company). 

Position Description

Lead Director

G. Allen Brooks

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Lead Director

G. Allen Brooks

G. Allen Brooks is a director of Trican. Mr. Brooks is the President of G. Allen Brooks L.L.C., an energy market and financial consulting firm since January 2005. Mr. Brooks also serves as an advisor to PPHB, LP, a boutique oilfield service investment banking firm. Prior to forming G. Allen Brooks, L.L.C., Mr. Brooks was the executive director of research of CIBC World Markets from 1997 to 2005. He is a Governance Fellow and a Board Leadership Fellow of the National Association of Corporate Directors and a member of the Institute of Corporate Directors.

Position Description

Director

Kenneth M. Bagan

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Director

Kenneth M. Bagan

Mr. Bagan is a director of Trican. Mr. Bagan is an independent businessman. From April 2008 to June 2011, Mr. Bagan was the President of Enerchem International Inc. Prior to joining Enerchem in 2008, Mr. Bagan was President and Chief Executive Officer of Wellco Energy Services Trust from 2004 to 2008. In addition to being a lawyer by background, Mr. Bagan has more than 30 years’ experience in the oilfield service industry including 20 years as a senior officer of publicly traded oilfield service companies. Mr. Bagan is a member of the Institute of Corporate Directors ("ICD") and has completed the ICD Director Education Program.

Director/President and CEO

Dale M. Dusterhoft

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Director/President and CEO

Dale M. Dusterhoft

Mr. Dusterhoft joined Trican at its inception in 1996 and is President and Chief Executive Officer, and a Director.  Prior to becoming CEO of Trican, Mr. Dusterhoft was the Company’s Senior Vice President of Technical Services.  Before joining Trican, Mr. Dusterhoft worked for 12 years with a major Canadian pressure pumping company where he held management positions in Operations, Sales and Engineering.  Mr. Dusterhoft graduated from the University of Calgary in 1984 with a degree in Chemical Engineering.  He serves on the Board of the Alberta Children’s Hospital Foundation, the Calgary Petroleum Club, and Keane Group, a privately-held U.S.-based well completion services company.  Mr. Dusterhoft is a past Chairman of the Canadian Executive Oilmen’s Association, past President of the Canadian Association of Drilling Engineers, past President of the Canadian Section of the Society of Petroleum Engineers and a past member of the Industry Advisory Board of the Schulich School of Engineering at the University of Calgary.

Position Description

Director

Kevin L. Nugent, C.A.

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Director

Kevin L. Nugent, C.A.

Mr. Nugent of Calgary has been a director of Trican since March 7, 2008. Mr. Nugent is a Chartered Accountant with more than 26 years of experience in the oil and gas industry.  Since September 2013, Mr. Nugent has been Executive Chairman of Hifi Engineering Inc., a private company involved in the research, development and operation of fiber optic based acoustical monitoring technologies primarily used to detect leaks in oil and gas wells and energy pipelines.  Previously, between 2007 and 2013, Mr. Nugent was President of Livingstone Energy Management Corporation, a privately held entity created to provide capital to energy related companies.  From 2003 to 2006, Mr. Nugent was employed by NQL Energy Services Ltd. ("NQL"), a leading provider of downhole drilling tools, most recently as President and Chief Executive Officer.  Prior to joining NQL, from 2002 to 2003 Mr. Nugent was Vice President of SCF Partners, a Houston, Texas based private equity firm specializing in North American oilfield service companies. Mr. Nugent is also currently a director of Hifi Engineering Inc., Savanna Energy Services Corp. (a publicly traded drilling and service rig provider), Secure Energy Services Inc. (a publicly traded energy services company) and the Pacific Salmon Foundation.

Director

Alexander (Alex) J. Pourbaix

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Director

Alexander (Alex) J. Pourbaix

Mr. Pourbaix is a director of Trican. Mr. Pourbaix is the Executive Vice-President and President, Development of TransCanada Corporation. TransCanada Corporation develops and operates North American energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities. Mr. Pourbaix is responsible for leading and executing on all of TransCanada Corporation's growth initiatives.  Prior to his current appointment, Mr. Pourbaix was President, Energy & Oil Pipelines and was responsible for TransCanada Corporation's non-regulated business including the oil pipeline business as well as the company's power and unregulated gas storage business. Prior thereto, Mr. Pourbaix was President, Energy of TransCanada Corporation from July 2006 to July 2010.  Mr. Pourbaix is the Chairman of the Board of Directors for the Canadian Energy Pipeline Association.

Director

Deborah S. Stein

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Director

Deborah S. Stein

Debbie is a Director of Trican. Prior to joining the Trican board, Debbie held the position of SVP Finance and CFO at AltaGas Ltd and CFO and Corporate Secretary of AltaGas Utilities Group. Ms. Stein also held finance roles at TransCanada Corporation, Paramount Canada’s Wonderland, and Wendy’s Restaurants Canada. Ms. Stein is a CPA, CA and holds the ICD.D designation from the Institute of Corporate Directors. Debbie was also Trustee of the Calgary Zoo from 2011 to 2015 and Past Chair of the National Board of FEI Canada, a professional organization of financial executives.

Committees of the Board

Committees are made up of directors of the Board and serve to study, oversee, and make recommendations on specific areas governed by the Board.

Download Committee Chair Guidelines (PDF)

Download Committee Members (PDF)

Audit Committee

The Audit Committee oversees the Corporation’s processes and procedures relating to auditing, accounting practices, financial reporting and other financial disclosure.

Download Mandate (PDF)

 

Corporate Governance Committee

The Corporate Governance Committee provides leadership in the development of the Corporation’s approach to corporate governance systems, policies and procedures.

Download Mandate (PDF)

 

Compensation Committee

The Compensation Committee develops and oversees the Corporation’s policies and systems regarding human resources policies, compensation and performance management systems.

Download Mandate (PDF)

 

Health, Safety & Environment Committee

The HSE Committee oversees the development and implementation of the Corporation’s HSE policies, standards and practices.

Download Mandate (PDF)

 

Ethics

Business Ethics

Trican is committed to the economic, social and environmental wellbeing of the corporation and the communities in which we operate.

Read Code of Ethics (PDF)  Ethics Hotline