Women On Board

Director Profile

Sarah B. Kavanagh ICD.D MBA

Board Value Proposition: 

A seasoned financial executive, senior advisor, director and audit committee chair bringing a high-level view and a broad set of experiences and expertise to bear on major strategic decisions for companies in a broad variety of industries.
 

Financial and Risk Management Expertise and Audit Committee Chair Experience

  • Former CFO and senior leader in investment banking with experience in several roles.
  • As Chair of the Audit Committee of Hudbay Minerals, oversaw implementation of ERM and expanded internal audit across the organization.
  • As Chair of the Audit Committee at American Stock Transfer, successfully impemented comprehensive internal audit program to exceed the expectations of NY regulators. 
  • Actively involved in the implementation of enterprise risk-management programs at WPT, Industrial REIT, OSC, and Canadian Stock Transfer.

Mergers and Acquisitions, IPOs, Financings and Restructurings

  • Diverse sector experience and hands-on capital markets role add perspective and expertise to transformational transactions, including direct involvement in two CCAA restructurings.
  • As Chair of the Audit Committee of Hudbay Minerals, have overseen transformational activities including completion and operationalization of a $1.7 billion open pit copper mine in the Andes region of Peru and the hostile acquisition of Augusta Resources, including the US$1 billion in capital raised to fund pre-production projects.
  • As Director of American Stock Transfer, oversaw numerous tuck-in acquisitions and integration of operations to increase bottom line by over 50%. 
  • At WPT Industrial REIT, successfully competed $100 million IPO in 2013. Raised a further $150 million in public equity, and acquired over $250 million of industrial property since the IPO. Member of special committee for strategic review.
  • A recognized expert in IPOs at both Scotia Capital and Lehman Brothers. At Scotia Capital led the team in charge of eight IPOs valued at approximately $2.2 billion, and led numerous equity and debt financings. At Lehman Brothers, on team that led over 10 IPOs and other financings valued at over US $4 billion. At Peoples, was part of the team, working with the board, that led its financial restructuring.

Industry Experience: 

  • Diversified Financials
  • Diversified Capital Markets
  • Investment Banking & Brokerage
  • Specialized Finance
  • Government
  • Materials
  • Diversified Metals & Minerals
  • Real Estate
  • Industrial REITs
  • Retailing
  • Specialty Stores

International Experience: 

  • United States

Board Experience:

Corporate Boards:

Valeant Pharmaceuticals 2016 to Present
Audit Committee
Canadian Tire Bank 2015 to Present
Governance and Conduct Review Committee
Hudbay Minerals 2013 to Present
Chair, Audit Committee
Nominating and Governance Committee
Compensation Committee (Past)
Environmental, Health, Safety and Sustainability Committee (Past)
WPT Industrial REIT 2013 to Present
Audit Committee
Chair, Compensation and Governance Committee
American Stock Transfer 2011 to Present
Chair, Audit Committee
Compliance and Risk Committee
Canadian Stock Transfer 2011 to Present
Chair, Audit Committee
Chair, Governance and Compensation Committee

Additional Boards:

Sustainable Development Technology Canada 2013 to Present
Vice Chair
Chair, Audit Committee
Ontario Securities Commission 2011 to 2016
Commissioner
Chair, Audit Committee
Governance and Nominating Committee
ICD Ontario Chapter 2015 to Present
Member
Williams College, Major Gifts Committee 2003 to Present
Co-Chair, Class of 1978
Bishop Strachan School Board of Governors 2002 to 2014
Chair, 2009–2014
Bishop Strachan School Foundation 2008 to 2009
Chair, Board of Trustees

Biography: 

Scotia Capital Inc. 1999 to 2010
Vice Chair, Co-Head, Diversified Industries Group, Investment Banking
Managing Director, Head of Equity Capital Markets
Managing Director, Head of Investment Banking, Head of Canadian Relationship Management
Managing Director, Investment Banking
Deacon Capital 1997 to 1998
Head, Corporate Finance
Vice President and Managing Director
Lewiscraft 1995 to 1997
Senior Vice President, Finance and Administration
Chief Financial Officer
Rogers Communications 1994 to 1995
Mergers & Acquisitions
Peoples Jewellers 1990 to 1993
Vice President, Corporate Finance
Lehman Brothers [NYC] 1983 to 1990
Vice President
Associate
Fiduciary Trust Company [Boston] 1979 to 1981
Trust Assistant

Education: 

ICD.D, Institute of Corporate Directors, 2011
MBA, Harvard Business School, 1983
BA (Hons. Econ.), Williams College, 1978