Canada’s national pipeline company has new board-level leadership.
Canada Development Investment Corporation announced the appointment of “several prominent Canadians” to the board of directors of Trans Mountain Corporation on Wednesday.
The calibre of the new board reflects the strong national support for the pipeline from the business community, CDEV acting chair Stephen Swaffield said in a statement.
TMC was created following the Government of Canada’s $4.5 billion purchase of the existing Trans Mountain pipeline and its proposed expansion project earlier this year.
The newly-constituted board will be chaired by William Downe, former CEO of BMO Financial Group. He will be joined by Swaffield, a former vice-president of Terasen Inc. as well as:
Harold Calla, Executive Chair of the First Nations Financial Management Board, and a member of the Squamish First Nation;
David Emerson, Corporate Director, Public Policy Advisor and former senior cabinet minister with the Government of Canada;
- Brian Ferguson, former President and CEO of Cenovus Energy Inc.;
- Carol Anne Hilton, CEO and Founder of the Indigenomics Institute;
- Patricia Koval, Corporate Director and lawyer, formerly a senior partner with Torys LLP;
- Lorraine Mitchelmore, former President and Country Chair, Shell Canada;
- Marie-Jose Nadeau, Honorary Chair of the World Energy Council;
- Paul Rochon, Deputy Minister of the Department of Finance Canada; and
- Ian Anderson, former President of Kinder Morgan Canada, and current President and CEO of Trans Mountain Corporation.
“I am pleased to join this experienced and distinguished group of individuals who share my belief that this important infrastructure asset and proposed expansion project are serving the interest of all Canadians. We have great confidence in the management and operation of Trans Mountain Corporation and the proposed expansion of the project.” Downe said in a statement.
Swaffield added, “Our single-minded focus is on ensuring TMC continues to run efficiently and commercially and that the proposed expansion application moves forward in the right way, ensuring we also meet our obligation and commitment to consult fully and in good faith with Indigenous communities.”