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MEG Energy’s board of directors oversees the development and implementation of our strategic plan. With many years of experience across the energy industry, our board is committed to achieving operational excellence and delivering maximum value to our shareholders.
Director (independent)
Mr. Bosgoed was appointed to the Board on July 1, 2022. He is the President and CEO of Bosgoed Project Consultants Ltd., a management consulting, consulting engineering and project management company. Mr. Bosgoed has over 40 years of consulting experience, specializing in project delivery, business advisory services and community engagement on capital projects. Mr. Bosgoed served as a Senior Vice President of WorleyParsons, Edmonton Office from 2012 to 2015 and prior thereto was the Vice President, Business Services and Systems since 2008. Mr. Bosgoed was a founding director of Circle Energy Inc., a Calgary-based public oil and gas exploration company. Mr. Bosgoed currently serves as a Vice Chair of the Alberta Indigenous Opportunities Corporation, a director of Capital Power Corporation and as Vice Chair of the University of Regina Board of Governors.
Mr. Bosgoed holds a Bachelor of Applied Science degree in Industrial Systems Engineering from the University of Regina and is a registered Professional Engineer in Alberta and Saskatchewan. Mr. Bosgoed holds the Public Sector Governance (PSGov) designation. He is a member of the Peepeekisis First Nation and has served as Chair of the Alberta Capital Region United Way Campaign, director of the Alberta Electric System Operator (AESO) and the National Aboriginal Economic Development Board.
Chair, Director (independent)
Mr. Bruce was appointed to the board in June 2019. He has served as Chair of the Board of Cameco Corporation since May 2018 and a director since 2012. He is the former president and CEO of Peters & Co. Limited (an independent investment dealer). He has more than 30 years of experience in investment banking with specialization in corporate finance and mergers and acquisitions, predominantly in the oil and gas industry.
Mr. Bruce holds a Master of Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario and a Bachelor of Science degree in biology from Queen’s University. Mr. Bruce is a fellow of the Chartered Professional Accountants of Alberta, a recognized Specialist in Valuation under Canadian CPA rules, and a chartered business valuator. He is a past member of the Expert Panel on Securities Regulation for the Minister of Finance of Canada and is also a past board member and chair of the Investment Industry Association of Canada. Mr. Bruce currently serves as a member of the board of Qube Technologies Inc. (private clean technology company) and as a volunteer board member of the Opportunity Calgary Investment Fund (OCIF).
Prior to becoming Chair of the Board of Cameco Corporation in May 2018, Mr. Bruce was a member of its audit and finance committee and chair of its human resources and compensation committee.
President and Chief Executive Officer, and Director
Derek was appointed as the President and Chief Executive Officer, and a Director in August 2018. He is a veteran oil and gas industry executive with over 35 years of experience. From May 2009 to March 2018, he served as the President, CEO and Director of Pengrowth Energy, where he led the Company through a major transformation, streamlining its asset base from 35 properties to two growth assets, with over $9 billion of development opportunities. Prior to joining Pengrowth, Derek was the President, CEO and Director of Focus Energy Trust, a dividend paying royalty trust company. During his tenure at Focus, Derek was successful in increasing the market valuation approximately five times, while distributing more than $400 million to unitholders. Mr. Evans holds a Bachelor of Science in Mining Engineering from Queen’s University and is a registered professional engineer.
Director (independent)
Mr. Hodgins became a director of the Corporation in September 2010 and has over 25 years of experience in senior financial roles with several Canadian corporations. He was Chief Financial Officer of Pengrowth Energy Trust (now Pengrowth Energy Corporation) from 2002 until 2004, Vice President and Treasurer of Canadian Pacific Limited from 1998 until 2002 and Chief Financial Officer of TransCanada Pipelines Limited from 1993 until 1998. Mr. Hodgins is also currently a director of AltaGas Ltd., Enerplus Corporation and Gran Tierra Energy Inc. He holds an Honours Bachelor of Arts in Business from the Richard Ivey School of Business, is a Chartered Professional Accountant and is a member of the Institute of Corporate Directors.
Director (independent)
Ms. Lynch Proctor was appointed to the board on May 3, 2022. Ms. Lynch Proctor is an independent businesswoman, an experienced lawyer, accountant and executive with over 20 years of experience. She was the Chief Financial Officer and General Counsel of KERN Partners, an energy focused private equity firm, from 2009 to 2016 and prior thereto a practicing lawyer and chartered professional accountant with Felesky Flynn LLP, Bennett Jones LLP, and Deloitte, respectively, advising corporate clients on domestic and international transactions.
Ms. Lynch Proctor is currently a director of Paramount Resources Ltd. and serves on the Board of Trustees of Alaris Equity Partners Income Trust. Ms. Lynch Proctor also serves on the Boards of several non-profit and municipal organizations, including the Calgary Police Commission. Ms. Lynch Proctor obtained both a Bachelor of Commerce and a Bachelor of Laws degree from the University of Calgary, a Master of Laws degree from New York University, is a Chartered Professional Accountant and holds an ICD.D designation from the Institute of Corporate Directors.
Director (independent)
Ms. MacKenzie was appointed to the board on June 17, 2020. Ms. MacKenzie is a corporate director with over 30 years of energy sector experience. Most recently she was Chief Operating Officer at Oilsands Quest Inc. from April to September 2010. Prior thereto, Ms. MacKenzie spent twelve years at Petro‐Canada in progressive technical, operational and strategic roles, including Vice President Human Resources and Vice‐President In Situ Oilsands Development and Operations. Her industry experience also includes 14 years with Amoco Canada in a variety of engineering and leadership roles in natural gas, conventional oil and heavy oil development and operations. Ms. MacKenzie holds a B. Eng. (Mechanical) from McGill University, an MBA from the University of Calgary, is a Life Member of the Association of Professional Engineers and Geoscientists of Alberta and an Institute of Corporate Directors‐ certified director. Ms. MacKenzie is currently a director of Enerplus Corporation and Precision Drilling Corporation. She is a past director of Freehold Royalties Ltd., the Calgary Women’s Emergency Shelter and Safe Haven Foundation as well as numerous for‐profit, not‐for‐profit, private and academic advisory boards.
Director (independent)
Mr. McCaig was appointed to the board on March 1, 2014. Mr. McCaig is the Chair of the board of directors of Trimac Transportation of which he was CEO until December 31, 2015. Mr. McCaig is a director of Michichi Capital Corp. (TSX-V Capital Pool Company) and a former director of Potash Corporation of Saskatchewan (from January 2001 until May 2017). Mr. McCaig has been a director of Bantrel Company (a private company) since 2000, becoming its Chair in December 2007. Mr. McCaig is also a director and co-owner of the Calgary Flames Hockey Club. Mr. McCaig holds a degree in economics from Harvard University, a law degree from Osgoode Hall Law School, and a Master of Science in Management degree from Stanford University. He is also a member of the Institute of Corporate Directors.
Director (independent)
Mr. McFarland has over 49 years of domestic and international experience in the oil and gas industry. He is a co-founder of, and has been a director of, Valeura Energy Inc. (Turkey) since April 2010 and served as President and CEO, until his retirement in December 2017 and a consultant thereafter to November 2020. Prior thereto, Mr. McFarland served as President and CEO, director and co-founder of Verenex Energy Inc. (Libya and France) from 2004 until its sale in 2009. From 1999 until 2004, he served as Managing Director of shale-oil developer Southern Pacific Petroleum N.L. in Australia. From 1995 until 1998, Mr. McFarland served as President and Chief Operating Officer of Husky Oil Limited. From 1972 until 1995, he held various leadership positions in his initial 23-year career with Imperial Oil Limited and other Exxon affiliates in Canada, the U.S. and Western Europe. Mr. McFarland has been a director of various public and private entities including, most recently, Pengrowth Energy Corporation (from January 2010 until January 2020) and Arrow Exploration Corp. (from September 2018 until January 2020) and currently serves on the board of directors of the Canadian Association for the World Petroleum Council (WPC) and on the Congress Program Committee of the WPC international organization.
Mr. McFarland received a Bachelor of Science (Honours) (Chemical Engineering) from Queen’s University at Kingston, a Master of Science (Petroleum Engineering) from the University of Alberta, completed the Executive Development Program at Cornell University and received the designation of Professional Engineer in 1974. He is a member of the Institute of Corporate Directors and a Life Member of both the Association of Professional Engineers and Geoscientists of Alberta and the Society of Petroleum Engineers. In 2003, Mr. McFarland was awarded the Australian Centenary Medal for Outstanding Service through Business and Commerce.
Director (independent)
Ms. McQueen became a director of the Corporation in October 2015. Ms. McQueen has energy and environmental public policy experience from regional, provincial and international levels, in addition to entrepreneurial experience in operating an independent business. Ms. McQueen is currently the Senior Vice President of Corporate Communications & Stakeholder Relations at Reconnaissance Energy Africa Ltd. and a director of Total Helium Ltd. (TSX-V listed issuer). Ms. McQueen held various Alberta provincial cabinet roles during 2008 to 2015, including Minister of Energy, Minister of Environment and Water, and Minister of Municipal Affairs. Ms. McQueen has her own consulting firm and is a Senior Policy & Strategic Advisor to her clients in the areas of Energy, Environment, Indigenous and Municipal relations. Ms. McQueen is also a member of the Institute of Corporate Directors and holds the ICD.D designation.
Standing Committees of the Board consist only of independent directors. The Board has established the following Standing Committees of the Board, the (i) Audit Committee, (ii) Human Capital and Compensation Committee; (iii) Governance and Nominating Committee and (iv) Health, Safety and Environment and Reserves Committee.
Robert B. Hodgins (Chair)
Kim Lynch Proctor
Susan M. MacKenzie
James D. McFarland (Chair)
Kim Lynch Proctor
Jeffrey J. McCaig
Diana J. McQueen
Diana J. McQueen (Chair)
Gary A. Bosgoed
Robert B. Hodgins
Susan M. MacKenzie (Chair)
Gary A. Bosgoed
Jeffrey J. McCaig
James D. McFarland
Incident notification – April 30, 2016 – Meg Energy announces that today, at approximately 08:15 hrs, during work carried out on a natural gas well near the village of Edmonton in Alberta.
