Ian Bruce

Board Member

Personal Information

63 | Independent 

Calgary, Alberta, Canada 

Director since: 2012 

Citizenship: Canadian


Ian brings a strong finance and investment banking background as well as board, executive and energy sector experience to the Cameco board and his work on three of our board committees. He also serves on the audit committees of one other public company.

Expertise

  • CEO experience
  • Finance
  • Investment banking
  • Mergers and acquisitions
  • Risk management

Biography

As of March 10, 2017

Ian Bruce 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.

Ian is a fellow of the Chartered Professional Accountants of Alberta, a recognized Specialist in Valuation under Canadian CPA rules, and is a chartered business valuator. He is a past member of the Expert Panel on Securities Regulation for the Minister of Finance of Canada. Ian is also a past board member and chair of the Investment Industry Association of Canada.

Ian is a director of the private companies Ambyint Inc. (formerly Pumpwell Solutions Ltd.), Laricina Energy Ltd. and Production Plus Energy Services Inc. (formerly TriAxon Oil Corp.).

Board and Committee Membership and Attendance

As of December 31, 2016

    2016 Attendance
2016 Voting Results Board and Committee Membership In Person Teleconference Overall
90.3% for Board of directors 5 of 5 5 of 5 100%
9.7% withheld Audit and finance 5 of 5 1 of 1 100%
  Human resources and compensation 4 of 4 3 of 3 100%
  Reserves oversight 1 of 1 1 of 1 100%

Other Public Company Boards and Committee Memberships

Northern Blizzard Resources Inc. Lead director, Audit (chair), Compensation

Securities Held

As of December 31, 2016

Year Cameco Shares DSUs Total Shares & DSUs Total value of Shares & DSUs Meets share ownership targets
2016 75,000 28,284 103,284 $ 1,450,109 Yes (347%)
2015 75,000 19,700 94,700 $ 1,616,530 Yes
Change –– 8,584 8,584 $ (166,421)  


For share ownership compliance, Ian's shares and DSUs held at December 31, 2016 are valued at $2,219,132.


Ian is a director of Laricina Energy Limited (Laricina), a junior oil sands private company, since 2013. Laricina was under Companies’ Creditors Arrangement Act (Canada) (CCAA) protection from March 26, 2015 until February 1, 2016, when it exited from CCAA protection. Its restructuring plan was approved by the Alberta Court of Queen’s Bench on July 22, 2015.