In accordance with the Alberta Investment Management Corporation Act, the Board of Directors is responsible for overseeing the management of the business and affairs of AIMCo. Guided by this mandate, the Board sets the strategic direction of the Corporation and oversees the development and implementation of policies and procedures that govern the day-to-day conduct of AIMCo’s business. All directors are duly appointed to the Board by the Lieutenant Governor in Council and must have experience in investment management, finance, accounting or law, or have served as an executive or director with a large, publicly traded company. Individuals should also have, to the extent practicable, experience in executive management of a substantial corporation. All directors are fully independent of management.
Directors are required by statute to act honestly and in good faith with a view to the best interests of the Corporation and, as such, are required to exercise due care, diligence and skill, and manage risk appropriately in their oversight of AIMCo.
J. Richard Bird
J. Richard Bird retired from Enbridge Inc. in early 2015, having served as Executive Vice President, Chief Financial Officer and Corporate Development and various other roles, including Executive Vice President Liquids Pipelines, Senior Vice President Corporate Planning and Development, and Vice President and Treasurer. Mr. Bird serves on the Board of Directors or Trustees of Enbridge Energy Partners L.P., Enbridge Pipelines Inc., Enbridge Income Fund Holdings Inc. and Bird Construction Company Inc. He is also a member of the Investment Committee of the University of Calgary Board of Governors. Mr. Bird was named Canada’s CFO of the Year for 2010. He holds a BA from the University of Manitoba and an MBA and PhD from the University of Toronto and has completed the Advanced Management Program at Harvard Business School.
Phyllis Clark served as the Vice-President (Finance and Administration) and Chief Financial Officer at the University of Alberta, from 2002 to 2016. Previously, she spent five years as Vice-President (Finance and Administration) at York University, and prior to that, she was Assistant Deputy Minister of Ontario’s Management Board Secretariat. Between 1991 and 1992, Ms. Clark was the Province of Ontario’s Chief Economist and Assistant Deputy Minister of Finance. Ms. Clark currently serves on the Board of Directors for the Bank of Canada, TEC Edmonton, and the AMA Edmonton Regional Advisory and Insurance Boards. She also chairs the Edmonton Symphony and Concert Hall Foundation Board. Ms. Clark was born in Lethbridge, Alberta, and graduated from the University of Toronto in 1970 with a Bachelor of Arts degree in Political Science and Economics. She went on to complete her Doctorial Candidacy and Master of Arts in Economics at the University of Michigan in 1973.
Helen M. Kearns was named President and Chief Executive Officer of Bell Kearns & Associates Ltd. in February 2008. Previously Helen was President of NASDAQ Canada (2001-2004) and an officer of NASDAQ Inc. Prior to that, Helen worked at Richardson Greenshields of Canada Limited until 1995, eventually as Head of Institutional Sales and Trading, which included a seat on the Executive Committee.
Helen previously served on the Advisory Board of Kingsett Capital as Lead Director, on the Board of Ontario Teachers’ Pension Plan and as Governor of the Board of TSX for three terms.
In 2002, Ms. Kearns was recognized as the recipient of the John Molson School of Business Award of Distinction. She is also a recipient of the Montreal Board of Trade Women of Distinction Award (2002) and was recognized by the Financial Post as one of the 100 Most Powerful Women in Canada (2004).
Dr. Kenneth (Ken) Kroner was most recently Senior Managing Director at BlackRock, where he was the global head of the Multi-Asset Strategies Group and the global head of Scientific Active Equities. These teams were responsible for managing several hundred billions of dollars of publicly-traded assets. He also served as a member of BlackRock's Global Executive Committee and Global Operating Committee.
Dr. Kroner's service with the firm began 1994 when he was also an associate professor of economics and finance at the University of Arizona. Dr. Kroner’s research on forecasting volatility and asset returns has been widely published in both academic and practitioner journals.
Dr. Kroner earned a BA Honours degree in Mathematics and Economics from the University of Alberta in 1983 and a PhD in Economics from the University of California at San Diego in 1988.
C. James Prieur served as Chief Executive Officer and director of CNO Financial Group, Inc. from 2006 until his retirement in 2011. Mr. Prieur began his career in 1979 at Sun Life Financial in Investments, and became corporate President and Chief Operating Officer in 1999.
He serves as Chair of the Risk Committee of the Board of Manulife Financial Corporation and as Chair of the Compensation Committee of Ambac Financial Group, Inc., as well as the not-for-profit Music of the Baroque. In addition, he is a member of the President’s Circle of the Chicago Council on Global Affairs, and The Pacific Council on International Policy.
Mr. Prieur is a Chartered Financial Analyst and holds an MBA from the Richard Ivey School at Western University and a Bachelor of Arts from the Royal Military College of Canada.
Tom Woods spent his entire career with CIBC and Wood Gundy, the predecessor firm of CIBC World Markets. He started in Investment Banking, advising companies raising financing in the equity and debt capital markets as well as mergers and acquisitions, and later was Head of Canadian Corporate Banking, Chief Financial Officer, Chief Risk Officer, and retired in 2014 as Vice Chairman.
Mr. Woods serves on the boards of Bank of America Corporation; the CIBC Children's Foundation; St Michael's Hospital Foundation; the Board of Advisors of the Department of Mechanical and Industrial Engineering, University of Toronto.
Mr. Woods has a Bachelor of Applied Science in Industrial Engineering from University of Toronto, and an MBA from Harvard Business School.
Sharon Sallows is currently a member of the Board of Trustees of RioCan REIT (former Chair of the Investment Committee, Chair of the Human Resources and Compensation Committees, and a member of the Audit Committee), a member of the Board of Trustees of Chartwell Retirement Communities REIT (member of the Investment, and Nominating, Compensation and Governance Committees), and a former member of the Board of Directors of the Ontario Teachers’ Pension Plan (former Chair of HRCC and Governance Committees). Until 2009, Ms. Sallows was a principal of Ryegate Capital Corporation which engaged in merchant banking as well as the provision of financial and strategic advisory services to institutional and corporate clients. Ms. Sallows is a former Executive Vice President, Finance of MICC Properties Inc. and previously held various positions at the Bank of Montreal, including Senior Vice President, Real Estate, Corporate Banking. Ms. Sallows received a B.A. from Carleton University, a M.Sc. from the London School of Economics, a Ph.D. from The Wharton School, University of Pennsylvania and also holds the ICD.D designation.
Robert L. “Jay” Vivian Jr.
Robert L. “Jay” Vivian is the former Managing Director of the $100 billion IBM Retirement Funds system. Mr. Vivian is on the Board of Directors and Investment Committee of ICMA-RC, and is the founding Chair of the Investment Committee, a member of the Board and the Executive Committee, and Corporate Secretary, of the Committee on Investment of Employee Benefit Assets, the $2 trillion trade group of U.S. corporate retirement funds. He is also on the Investment & Pension Subcommittee for the charity United Way Worldwide, and is a member and Governance Fellow of the National Association of Corporate Directors. He holds a Bachelor of Arts degree in Mathematics from Bowdoin College, a Masters of Business Administration from Harvard Business School, and a CFA® Charter from the CFA Institute.
Jackie Sheppard is the former Executive Vice President, Corporate and Legal of Talisman Energy Inc. Ms. Sheppard has been an Emera Director since February 2009, and became Chair of the Board in May 2014. She served as Chair of the Research and Development corporation of the Province of Newfoundland and Labrador, a Provincial Crown Corporation, until June 2014. She is founder and Lead Director of Black Swan Energy Inc., an Alberta upstream energy company that is private equity financed.
She is a Director of Cairn Energy PLC, a publicly traded UK-based international upstream company. She is also a Director of Seven Generations Energy Ltd., a publicly traded energy company focused on Canadian natural gas development.
Ms. Sheppard is a Rhodes Scholar, having received an Honours Jurisprudence, Bachelor of Arts and Master of Arts from Oxford University. She earned a Bachelor of Laws degree (Honours) from McGill University, and a Bachelor of Arts degree from Memorial University of Newfoundland.
With her extensive roles as an executive in the energy industry, and as a director of public, private and crown corporations, Ms. Sheppard has extensive experience in strategic planning, business development, public markets, legal and governance.
AIMCo seeks to be a destination organization, attracting individuals with widely varying work experience from across North America and around the globe. With more than forty languages spoken and a majority of the world’s cultures represented, we are a truly global corporation. We employ those worldly insights to make the best investment decisions for our clients, bringing local knowledge to the most far reaching opportunities for our clients. AIMCo and its Board of Directors recognize and fully support the aims of diversity and inclusion, for our workforce, our Board and for our investee companies. In assessing board candidates and selecting nominees for the AIMCo Board, the Governance/Nominating committee will consider diversity of skills, experience, geographic background, gender and age. Consistent with the AIMCo Board’s commitment to gender diversity and greater representation of qualified women on boards in alignment with the aims of robust board governance, the Board has a stated objective that at least 30% of AIMCo Directors should be women.
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