BOARD OF DIRECTORS

Sarah B. Kavanagh

Independent Director

From 2011 through May 2016, Ms. Kavanagh served as a Commissioner of the Ontario Securities Commission, where she also served as Chairperson of the audit committee starting in 2014. Between 1999 and 2010, Ms. Kavanagh served in various senior investment banking roles at Scotia Capital Inc., including Vice-Chair and Co-Head of Diversified Industries Group, Head of Equity Capital Markets, and Head of Investment Banking. Prior to Scotia Capital, she held several senior financial positions with operating companies. She started her career as an Investment Banker with a bulge bracket firm in New York. Ms. Kavanagh graduated from Harvard Business School with a Master of Business Administration and received a Bachelor of Arts degree in Economics from Williams College.

Since 2013, Ms. Kavanagh has been a Director of Hudbay Minerals Inc., a publicly traded Canadian mining corporation, and a member of the board of trustees of WPT Industrial REIT, a publicly traded open-ended real estate investment trust. In addition to her public company directorships, she is a Director of AST and AST Trust Company (Canada) (formerly Canadian Stock Transfer Company) and serves as a Director of Sustainable Development Technology Canada and Cymax Group Technologies. She completed the Directors Education Program at the Institute of Corporate Directors in 2011. Ms. Kavanagh has also served on the board of Bausch Health Companies since July 2016.