Corporate Governance

The Directors of Clearwater Seafoods Incorporated, the Board of Directors of CS ManPar Inc. (the managing partner of Clearwater Seafoods Limited Partnership), and the management team of Clearwater are committed to a high standard of corporate governance. Effective corporate governance requires specified reporting structures and business processes, a strategic planning process, and a commitment to work according to these. We believe that sound corporate governance contributes to unitholder value and to trust and confidence in Clearwater.

Learn more on Corporate Governance in our 2019 Management Information Circular.

Executive

Ian D. Smith | Chief Executive Officer

Ian D. Smith is the Chief Executive Officer of Clearwater Seafoods. Mr. Smith joined Clearwater in May 2010 with over 29 years of international experience in the food and consumer products industry. Prior to joining Clearwater, Mr. Smith held senior leadership positions at the Campbell Soup Company within Canada, the United States and China. Prior to his time at Campbell’s, Mr. Smith held various marketing, sales and international business development positions with Allergan, Colgate-Palmolive and the Gillette Company.

Mr. Smith participates on a number of boards and advisory groups focused on international trade and public policy. He is a graduate of McGill University (BA Economics, MBA) and a former Captain in the Canadian Armed Forces Reserve.

Teresa Fortney | Vice-President, Finance and Chief Financial Officer

Ms. Teresa Fortney joined Clearwater in March 2016 as Vice President, Finance and Chief Financial Officer. Teresa is responsible for financial and management reporting, accounting, financial planning and analysis, treasury, taxation and investor relations. With over 29 years of senior leadership experience in the consumer foods industry, Teresa has spent most of her career working in growth oriented, multi-site manufacturing and distribution environments. Prior to joining Clearwater, Teresa held a variety of financial leadership roles at Maple Leaf Foods, Schneider Foods and McCormick with her most recent role as Chief Financial Officer of Wescast Industries. These roles have provided her with extensive operational, capital markets, international and mergers and acquisition experience.

Teresa is a Chartered Professional Accountant and Fellow of the Chartered Professional Accountants Association of Canada (“FCPA, FCMA”) and a University of Waterloo mathematics graduate.

Teresa has been a board member for numerous charitable and professional organizations and is currently a member of the Chartered Professional Accountants Association of Canada’s Strategic, Management Accounting and Finance Advisory Board.

Christine A. Penney | Vice President, Sustainability and Public Affairs

Christine joined Clearwater in 1995 and is responsible for the oversight of corporate sustainability programs, including fisheries research and management of each of our core fisheries and 3rd party certification programs. She is also responsible for public affairs and corporate communications. Christine has been on the Board of Trustees for the Marine Stewardship Council (Co-chair of Stakeholder council) since 2009 and serves on the board of directors for several industry associations including the Fisheries Council of Canada, Seafood Producers of NS, and the Association of Sustainable Fisheries. Christine is a graduate of Dalhousie University where she received a BS and a Masters in Marine Management.

Dieter Gautschi | Vice President Human Resources

Dieter Gautschi is accountable for Human Resources globally. He works with the business to drive organizational performance and Clearwater’s organizational capability and capacity. Dieter joined Clearwater in July 2015 bringing over 15 years of global experience in senior Human Resource roles in the food and retail industry. Prior to Clearwater, Dieter was Vice President of Leadership Planning and National Director of Human Resources for Sobeys Inc., he also held senior roles in Human Resources with Coca Cola in Europe. A Canadian citizen and native of Switzerland, Dieter holds a Master of Science degree in Industrial and Organizational Psychology and a degree as Naval Architect.

Tony Jabbour | Vice President Fleet Operations

Tony Jabbour began his career with Clearwater in 1993, after studying Business Administration at St. Mary’s University in Halifax. He expanded his skills both academically and professionally through extensive training and hands-on global experience with the company. He served as General Manager of Clearwater’s Lobster Division in 2003, where he oversaw the restructuring of the European lobster operation and played an instrumental role in the development of Clearwater’s High Pressure Shucking Technology for lobster, resulting in significant growth for the company’s lobster business. In 2010, Tony transitioned to Fleet Operations as Senior Operations Manager, working directly with the vice president, managers and captains to advance harvesting efficiencies, including the commercialization of Clearwater’s Automatic Shucking Technology onboard its Canadian offshore scallop fleet. Now, as Vice President of Fleet Operations, Tony is responsible for Clearwater’s Canadian, Argentine and Scottish (Macduff) vessel fleet

Roy Cunningham | Vice President and Chief Operating Officer – Macduff Shellfish

Roy Cunningham began his career with Clearwater Seafoods as Vice President of Operations – Macduff, following Clearwater’s acquisition of Macduff Shellfish in October 2015. In December 2017, Mr. Cunningham was promoted to Vice President and Chief Operating Officer(COO) – Macduff, reporting to the CEO of Clearwater Seafoods. Cunningham brings over 29 years of experience in the seafood industry and has held a variety of senior management positions throughout the United Kingdom including Macrae Food Group and Young’s Seafood.

Cunningham joined Macduff Shellfish in 2012 as Managing Director where he helped grow, guide and position Macduff as one of Europe’s largest vertically integrated processors of wild-caught shellfish. He also played an instrumental role in developing a passionate management team, overseeing a dynamic company branding change and effecting a successful acquisition strategy together with Clearwater.

Today, as Vice President and COO of Macduff Shellfish, Cunningham is responsible for overseeing the performance of the company as a wholly owned subsidiary of Clearwater Seafoods.

Darren Bowen | Vice President Supply Chain

Directors

Colin MacDonald

Mr. Colin MacDonald co-founded Clearwater with Mr. John Risley in 1976 and has served in various capacities within Clearwater from that time. He is currently Chairman of the Corporation as well as executive VP of Clearwater Fine Foods Incorporated (“CFFI”) a company he shares equally with Mr. Risley. Prior to that Mr. MacDonald was the CEO of Clearwater Seafoods Limited Partnership (“CSLP”) until May 2010 and he is the former Chairman of CSLP from January 2009 – October 2011.
He has also been active in community related associations, including his former roles as Chair of the IWK Foundation, Chair of the Prince Charities Canada Event in Halifax in 2013. He has acted as Honorary Chair of UNICEF Dinner, the Phoenix House Dinner and other served charitable fundraising efforts as well as serving as Chair of Fund Raising Campaigns for Children’s Wish, Red Cross and others. In addition he has received a number of awards such as the Courage to Give Back Award, Top 50 CEO and Honorary Degrees for his charitable efforts, most notably Doctorate’s from Dalhousie University, St Mary’s University and University of Prince Edward Island. Colin holds a Bsc from Dalhousie and is a graduate of the Harvard University President’s Program on Leadership.

John Risley

John Risley is the co –founder of Clearwater Fine Foods Inc serving as Chairman and President. Clearwater Fine Foods is an active investment/holding company with its major investments in Seafood Harvesting and Processing, through Clearwater Seafoods Limited and Telecommunications, through its investment in Cable and Wireless PLC. John serves on the Board of Directors of both these public companies.

Mr. Risley was named an Officer of the Order of Canada and was inducted into the Nova Scotia Junior Achievement Business Hall of Fame in 1997. He has received numerous awards, including Atlantic Canadian Entrepreneur of the Year and a Canada Award for Business Excellence in Entrepreneurship. He is also a graduate of Harvard University’s President’s Program and Leadership.

Jane Craighead

Jane Craighead is a Senior Vice President in Global Human Resources at Scotiabank. Her corporate experience also includes similar roles at Alcan and Rio Tinto, a large UK based mining conglomerate. Ms. Craighead is a Chartered Accountant (CA) and Chartered Professional Accountant (CPA) and worked for many years in practice and in consulting. She holds a PhD in Management from McGill University. She is currently a director of CS ManPar Inc., the managing general partner of CSLP, a position she has held since May 2015.

Ms. Craighead joined the Board of Directors of Jarislowsky Fraser, one of Canada’s leading independent investment firms, in 2018. She has many years of experience on the Human Resources side of mergers and acquisitions as well as post transaction integration. Ms. Craighead is currently based in Toronto at Scotiabank’s corporate offices and has worked internationally. Ms. Craighead has published research on executive compensation and corporate governance. She has also been awarded one of Canada’s Top 100 Most Powerful Women by the Women’s Executive Network.

Larry Hood

Larry Hood, Chair of the Audit Committee, is a retired assurance partner, having spent his entire 35 year career, with the accounting firm KPMG. Mr. Hood holds a Bachelor of Commerce from Saint Mary’s University and is a Chartered Accountant. During Larry’s career he served many clients, gaining extensive experience in the fishing industry. He has been involved with many community projects and in 2014 he retired from the Board of Governors of Saint Mary’s University having served for 17 years on the board as well as chairing and participating on various committees.

Brendan Paddick

Brendan Paddick is the founder and chief executive officer of Columbus International Inc. Columbus provides digital video, broadband internet, IP voice, wholesale capacity and IP services, as well as cloud-based corporate data solutions and data center hosting throughout 42 countries in the greater Caribbean, Central American and Andean region.

Mr. Paddick holds a Bachelor of Commerce and a Master of Business Administration from Memorial University of Newfoundland and graduated from the Advanced Management Program at Harvard University. Mr. Paddick has extensive capital market experience and was selected as one of Canada’s Top 40 under 40 in 2000. He was named Ernst & Young’s Atlantic Canadian Business-to-Business Entrepreneur of the Year in 2011, is a member of the Atlantic Business Hall of Fame and was honoured as Memorial University’s Alumnus of the Year in 2013.

Mickey MacDonald

Mr. MacDonald has an Honorary Doctorate of Commerce from Saint Mary’s University and has won numerous business and personal awards including the 2008 Nova Scotia Humanitarian of the Year, 2007 Halifax Chamber of Commerce Business Person of the Year, 2006 was inducted into the Business Hall of Fame by Atlantic Business Magazine as a five time winner of the Top 50 Atlantic Canadian CEO’s, 2005 Nova Scotia Philanthropist of the Year, 2004 Newfoundland Philanthropist of the Year, and Ernst and Young Entrepreneur of the Year.

Stan Spavold

Stan Spavold, FCA, CPA (California) joined Clearwater Fine Foods Incorporated as Executive Vice-President in November of 2002. Working alongside the President of CFFI, Mr. Spavold provides a broad oversight role at Clearwater serving on the Boards of the public and private companies over which Clearwater has significant influence or control. Stan serves on the Board of Directors of Columbus International Inc., FP Resources Limited, Coastal Shellfish Limited Partnership, Norvista Capital Limited Partnership, BIOX Corporation and BIOX Canada Limited. He is active in a number of community not-for-profit organizations.

Jim Dickson

Jim M. Dickson, Q.C., P.Eng. – Mr. Dickson is a Partner with the law firm Stewart McKelvey practicing primarily in the areas of mergers & acquisitions and corporate finance and securities. In addition to practicing law, he is a professional engineer and a Registered Trade-mark Agent. Mr. Dickson is a member of the CBA, NSBS and the Association of Professional Engineers of Nova Scotia. He is the Chair of the Board of Regents Mount Allison University and past Chair of the IWK Health Centre Foundation.

Vicki McKibbon

Vicki McKibbon is the President of Transportation with Armour Transportation Systems, based in Moncton, New Brunswick. She is a Chartered Accountant (CA) and Chartered Professional Accountant (CPA), with several years of experience in the negotiation and execution of acquisitions, as well as post-transaction integration. Vicki holds a Bachelor of Science, First Class Honors in Chemistry from Mount Allison University, in addition to a Masters of Business Administration (MBA) from Queen’s University.
Vicki is a Regent on the Board of Regents at Mount Allison University, where she currently serves as Chair of the Audit Committee. She’s also a Director on the Canadian Trucking Alliance Board and currently serves as Past Chair on the Board of the Atlantic Provinces Trucking Association. Vicki helped lead several change management initiatives, including significant system implementations and most recently a corporate-wide transportation management software transition

Karl W. Smith

Karl W. Smith is the former Executive Vice President and Chief Financial Officer of Fortis. Mr. Smith’s career with the Fortis Group spanned nearly 30 years working in various capacities for FortisAlberta, Newfoundland Power and Fortis Inc.
Mr. Smith earned a Bachelor of Commerce (Honours) from Memorial University of Newfoundland and is a member of the Association of Chartered Professional Accountants of Newfoundland and Labrador. He has served on the boards of CH Energy, FortisOntario, FortisAlberta, Caribbean Utilities, UNS Energy and FortisBC, all Fortis utilities. He is also Chair of the Memorial University of Newfoundland Faculty of Business Administration’s Advisory Board, and serves on the boards of the Atlantic Provinces Economic Council and Junior Achievement of Newfoundland and Labrador.

Useful Links

The following is a listing of useful fishery related websites. Please note that a number of these sites provide summary level information free of charge but require a subscription to obtain more detail.The information contained in this document was accurate at the time of preparation, but may be superceded by subsequent changes. This listing has been prepared for reference purposes only and the inclusion of a website on this list should not be considered an endorsement.

Department of Fisheries and Oceans

The national home page of the Department of Fisheries and Oceans. Contains useful information on various departmental policies, copies of the latest scientific reports, the latest Departmental news releases as well as statistical information on fishing and other ocean industries.
www.dfo-mpo.gc.ca

North Atlantic Fisheries Organization

The website of the North Atlantic Fisheries Organization (NAFO). Contains background information on the organization as well as publications on the management and relevant science for NAFO managed stocks.
www.nafo.int

UN Food and Agriculture Organization’s Fisheries Department

Home page for the UN Food and Agriculture Organization’s Fisheries Department. Provided information on FAO fisheries related activities and programs such as the Code of Conduct for Responsible Fisheries. Provides global statistics on fisheries.
www.fao.org