Board Value Proposition:
Proven strategist with experience in aligning business objectives in changing economic and highly regulated environments. Board and C-level experience in executive compensation, human resources, risk management, and M&A.
- Played a key role in Canadian Oil Sands strategy formulation and growth from 21.74% interest in Syncrude to 36.74% interest.
- Key lead for Canadian Oil Sands in strategic response and negotiations with Suncor Energy ($.5 billion increase in final offer over initial bid) and in negotiations with Alberta government regarding royalty review with Syncrude, resulting in a deal more favorable than regulations.
Major Transactions, Restructurings, Financings
- Led conversion of Canadian Oil Sands from income trust structure to corporate structure
- Key negotiator along with CEO on the closing of the acquisition of an additional 13.75% interest in Syncrude (valued at$1.7B) when there was no CFO at the time.
- Led legal and contributed to business strategy of a $1.5 billion equity financing and over $1 billion in syndicated credit facilities.
- Led legal process in the merger of PanCanadian Energy Corporation and Alberta Energy Company Ltd., creating EnCana Corporation with combined value of $27 billion.
- Team lead on securities and legal financing of spin-off of Canadian Pacific Limited’s interests in PanCanadian, Fording, Canadian Pacific Railway, and CP Ships (largest restructuring in Canadian history).
Executive Compensation and Human Resources
- Created human resources structure at Canadian Oil Sands, where none existed previously.
- Developed long-term incentive structures for Syncrude employees to offset non-public structure and align it with other oil sands employers.
- Managed transition of founding CEO to retirement and on-boarding of new CEO plus several senior executive transitions.
Enterprise Risk and Crisis Management
- Part of the crisis team that established the risk-management system at Canadian Oil Sands that cut over 20% of their budget in 2015 ($1 billion), when oil prices dramatically dropped.
- Integrated Oil & Gas
- Oil & Gas Exploration & Production
- Oil & Gas Refining & Marketing
- Oil & Gas Storage & Transportation
- Diversified Metals & Minerals