Responsibly Guiding SECURE

Governance

SECURE's board is committed to providing thoughtful leadership, compliance with all laws, timely decision making and the highest ethical standards. Our Board of Directors provides this corporate governance on behalf of all shareholders. Our processes, procedures and guidelines support the Board of Directors in conjunction with its legal obligations and mandate from the shareholders to oversee and direct the affairs of SECURE. 

Effective Governance includes:

• Independent Board Members - Seven of the eight Board members are independent
• Director Election - Directors are elected on an individual basis and stand for reappointment to the Board each year at the annual general meeting
• Code of Conduct - Every Board member and employee completes SECURE's Code of Conduct training and written acknowledgment of adherence 
• Nomination Process - Processes to nominate directors and assess directors on an ongoing basis led by the Corporate Governance and Nominating Committee
• Succession Planning - A formal succession planning process is in place for the Board and the executive team led by the Corporate Governance and Nominating Committee
• Strategic Direction - The Board participates in an annual strategy session to determine future opportunities and risks for SECURE

Board of Directors

The role of the Board of Directors is to focus on governance and stewardship of the business. Our Board reviews strategy, assigns responsibility, and monitors performance on the objectives of the business to ensure the company continues to be responsive to the ever-changing business environment. Our by-laws and mandates guide SECURE's board of directors and governance.

Board Responsibilities include:

• Adopting a strategic planning process
• Identifying principal risks and ensuring the implementation of appropriate risk management systems
• Approving the Corporation's policies and mandates
• Ensuring that appropriate processes, controls and systems are in place for the management of the business
• Approving annual capital and operating plans and monitoring performance against those plans
• Developing measures for receiving feedback from shareholders and other stakeholders on the business

Board of Directors Highlights

Committees:

• Environment, Social and Governance
• Audit 
• Human Resources and Compensation
• Corporate Governance and Nominating

Our board has a broad, diverse background. The experience and skills each director brings enables them to effectively carry out its mandate as a board. The Corporation's directors, officers, employees and consultants are expected to deal fairly with the Corporation's security holders, customers, suppliers and competitors.

• Rene Amirault - Chief Executive Officer and Director
• Mark Bly - Director
• Wendy Hanrahan - Director
• Michael Dilger – Chairman of the Board
• Joseph Lenz - Director
• Brad Munro - Director
• Susan Riddell Rose - Director
• Deanna Zumwalt - Director
  
  

Rene Amirault - Chief Executive Officer and Director

Rene Amirault was appointed as the President and Chief Executive Officer of SECURE in March 2007, serving as President until November 2, 2022. Mr Amirault was elected a director and appointed as Chairman of the Board on June 1, 2007 and served as Chairman until July 2, 2021. From January 2006 to March 2007, he was an independent businessperson. Mr. Amirault held various roles at Canadian Crude Separators Inc. and CCS Income Trust from August 1994 to January 2006, including Vice President roles in Sales and Marketing, Business Development and Corporate Development. Mr. Amirault held various positions with Imperial Oil Ltd. from 1981 to 1994. Mr. Amirault received a Certified General Accountant designation in 1984.

Mark Bly – Director

Mark Bly was appointed to the Board of SECURE on March 2, 2022. He currently serves as Chairman of Baytex Energy Corp. Mr. Bly is an independent businessman with over 35 years of experience in the oil and gas industry, primarily with BP, a global integrated energy company. Mr. Bly led several key E&P units for BP in Alaska, the North Sea and in North America. Subsequently he was a member of the E&P Executive Group, overseeing an international portfolio. In his final role as Executive Vice President, Safety and Operations Risk, he led the transformational program to drive operational excellence and risk management across all of BP's global activities. Mr. Bly holds a Master of Science degree in structural engineering from the University of California, Berkeley and a Bachelor of Science degree in civil engineering from the University of California, Davis.

Michael Dilger – Chairman of the Board

Michael (“Mick”) Dilger was nominated as a director of the Corporation and Chair of the Board on January 5, 2023.  Mr. Dilger was President and Chief Executive Officer of Pembina Pipeline Corporation ("Pembina") from January 2014 to November 2021, and was also a director of Pembina during this time. Prior thereto he was Pembina’s President and Chief Operating Officer (February 2012 to December 2013), Chief Operating Officer (November 2008 to February 2012) and Vice President, Business Development (2005 to 2008). Before joining Pembina, Mr. Dilger worked as a senior executive in various financial and business development positions in both oil and gas as well as infrastructure companies. Mr. Dilger was a director of Trilogy Energy Trust for 14 years, where he served as Chairman of the Health, Safety & Environment Committee until 2017, when Trilogy was sold. Mr. Dilger was co-chair of the 2016 United Way of Calgary campaign. Mr. Dilger has been a Chartered Professional Accountant since 1989 and holds a Bachelor of Commerce degree from the University of Calgary. 

Wendy Hanrahan – Director

Wendy Hanrahan was appointed as a director of the Corporation on March 15, 2023. Ms. Hanrahan served as Executive Vice-President, Corporate Services of TC Energy Corporation from 2011 up until her retirement in 2021. In this role, Ms. Hanrahan provided strategic and functional leadership for human resources, business process integration, internal communications, information systems, supply chain, aviation, and facilities services. Prior thereto, Ms. Hanrahan held a variety of key leadership roles at TC Energy Corporation in finance and accounting, corporate strategy, and in the gas transmission business since 1995, including the role of Vice President, Human Resources from 2005 to 2010. Prior to joining TC Energy Corporation, Ms. Hanrahan worked in various accounting roles at Gulf Canada Resources and was an Audit Manager at Ernst & Young. Ms. Hanrahan previously served on the Board of Directors of Stuart Olsen Inc. from 2009 to 2018 where she chaired the Human Resources and Compensation Committee and served on the Audit and Governance Committees. Her community involvement has included various Board and committee positions including the Heritage Park Society, Canadian Mental Health Association, CARE Canada, and Mount Royal University. Ms. Hanrahan holds a Bachelor of Science in Business Administration from the University of South Carolina and received her designation as a Chartered Accountant in 1988.

Joseph Lenz - Director

Joseph Lenz was appointed to the Board of SECURE on November 1, 2022. Mr. Lenz is a Managing Director at Angelo, Gordon & Co., Joseph has been at Angelo, Gordon & Co. since 2012 and has previously served on two boards within the energy industry. Joe holds a B.A degree from the University of Pennsylvania. 

Brad Munro - Director

Brad Munro was elected as a director of the Corporation on April 23, 2009 and served as lead director from April 28, 2020 to July 2, 2021 and Interim Chairman of the Board from June 2022 to January 2023. He is an independent businessperson and President and Chief Executive Officer since 2006 of Bittercreek Capital Corporation, a private investment firm. From 1991 to 2009, Mr. Munro served in senior investment roles in the private equity/venture capital industry in Canada. Mr. Munro holds a Bachelor of Commerce degree from the University of Saskatchewan and has 30 years of experience in investment, board and executive management in oil and natural gas and other industries. Mr. Munro served as a director of Tervita (or its predecessors) for eight years and was the lead director of the independent committee on the privatization of Tervita. Mr. Munro is currently Chairman of MustGrow Biologics Corp., an agricultural biotech company listed on the Canadian Securities Exchange.

Susan Riddell Rose - Director

Susan Riddell Rose was appointed a director of SECURE on July 2, 2021 in connection with the Transaction. She was previously a director of Tervita beginning July 2018 following merger of Tervita with Newalta Corporation, and served on the Newalta Corporation board of directors prior thereto since May 2009. Ms. Riddell Rose is the President and Chief Executive Officer of Perpetual Energy Inc. and Rubellite Energy Inc. Prior thereto she was a Corporate Operating Officer for Paramount Resources Ltd. Ms. Riddell Rose graduated from Queen’s University at Kingston, Ontario in 1986 with a Bachelor of Applied Science in Geological Engineering. She is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta, the Canadian Society of Petroleum Geologists and the American Association of Petroleum Geologists and serves as a governor for the Canadian Association of Petroleum Producers.

Deanna Zumwalt - Director

Deanna Zumwalt was elected as a director of the Corporation in April 2019. Ms. Zumwalt is President and CEO of Coril Holdings Ltd., a privately-owned company based in Calgary, which holds subsidiaries and investments globally in railway maintenance and service, real estate ownership, investment and advisory services, oil and gas pipelines as well as personal health and wellness services. Prior to her current role, she held the position of CFO as well as President and CFO from 2015 to 2020. Prior thereto, Ms. Zumwalt held a variety of senior financial and energy marketing roles at Nexen Energy ULC, including Vice President, Energy Marketing from 2013 to 2015, Vice President, North American Crude Oil Marketing from 2010 to 2013, Vice President, North American Natural Gas & Power from 2009 to 2010, and Vice President, Finance-Marketing from 2004 to 2009. Deanna is a Chartered Professional Accountant, Chartered Accountant and holds an Institute of Corporate Directors, Director designation.