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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.
Trican’s directors play an integral role in guiding our business strategically and ethically.
Mr. Fedora is President & CEO of Trican Well Service Ltd. He has been a director of Trican since June 2017 and, most recently, was Chairman of the Board until August 2020. Prior to that, he was President and CEO of Canyon Services Group Inc. (“Canyon”) from 2007 until 2017 when it was acquired by Trican. Before joining Canyon, Mr. Fedora spent the previous decade with Peters and Co. Limited, a Calgary-based investment bank focused on the energy sector, where he specialized in financings and merger and acquisition transactions for the oil and natural gas service and supply sector. He is a former director of Horizon North Logistics, Canyon, IROC Energy Services Corp., Petroleum Services Association of Canada, and Marsa Energy Inc. Mr. Fedora holds a Bachelor of Science from the University of Saskatchewan and an MBA in finance from the University of British Columbia. He is a 2009 recipient of Canada’s Top 40 Under 40 Award.
G. Allen Brooks
Mr. Brooks has been a director of Trican since March 2009 and a Lead director since May 2019. He is the President of G. Allen Brooks, LLC, an energy market and financial consulting firm, since January 2005. He also serves as an advisor to PPHB, LP, a boutique oilfield service investment banking firm. Prior to forming G. Allen Brooks, LLC, Mr. Brooks was an executive director of research of CIBC World Markets Inc. from 1997 to 2005. He is a Governance Fellow and a Board Leadership Fellow of the National Association of Corporate Directors ("NACD") as well as a member of the Institute of Corporate Directors.
Mr. Nugent has been a director of Trican since March 2008. From September 2013 to June 2014, he was the 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. Since June 2014, Mr. Nugent has been an independent corporate director. He is a CPA and CA with over 30 years of experience in the oil and gas industry.
Ms. Stein has been a Director of Trican since May 2016. From 2005 to 2016, Ms. Stein held various positions with AltaGas Ltd., including SVP Finance and CFO from 2008 to 2015. Prior to that, as VP Finance and VP Corporate Risk. She also held the role of CFO and Corporate Secretary of AltaGas Utilities Group Inc. from 2005 to 2006. Prior to joining AltaGas, Ms. Stein was employed at TransCanada Corporation. In her early career, she led the finance functions of Wendy’s Restaurants of Canada and Paramount Canada’s Wonderland. Ms. Stein is a FCPA, FCA and holds the ICD.D designation from the Institute of Corporate Directors.
Mr. Rapps has been a director of Trican since May 2019. He is currently Managing Partner of Converium Capital Management, a multi-strategy opportunistic firm. He previously acted as President and CEO of Clarke Inc., a publicly-traded investment company from July 2014 to June 2020 and as Managing Director of Geosam Capital Inc. prior to that. Mr. Rapps holds a Bachelor of Civil Law and Common Law from McGill University.
Thomas M. Alford serves as an Independent Director of the Company. Mr. Alford is President, Well Services of Precision Drilling Corporation, a leading provider of contract drilling and well services. He also serves on the board of Wajax Corp., a leading diversified industrial products and services provider with operations across Canada. Mr. Alford was previously a director of Western Energy Services Corp., a contract drilling, well servicing and rental services provider, as well as a director of both High Arctic Energy Services until 2017 and Strad Inc. from 2016 to 2020. Mr. Alford has more than 40 years of experience in the western Canadian oil and gas industry. He was previously President and CEO of IROC Energy Services Corporation, a publicly traded Alberta oilfield services company offering a diverse range of innovative products, services and equipment, and served as interim President and CEO of High Arctic Energy Services. He holds a Bachelor of Commerce degree from the University of Alberta.
Committees are made up of directors of the Board and serve to study, oversee, and make recommendations on specific areas governed by the Board.
The Audit Committee oversees the Corporation’s processes and procedures relating to auditing, accounting practices, financial reporting and other financial disclosure.
The Corporate Governance Committee provides leadership in the development of the Corporation’s approach to corporate governance systems, policies and procedures.
The Compensation Committee develops and oversees the Corporation’s policies and systems regarding human resources policies, compensation and performance management systems.
The HSE Committee oversees the development and implementation of the Corporation’s HSE policies, standards and practices.