64 | Independent
Calgary, Alberta, Canada
Director since: 2012
Ian brings a strong finance and investment banking background as well as board, executive, energy sector and leadership experience to the Cameco board. He also chairs the audit committee of one other public company.
- CEO experience
- Investment banking
- Mergers and acquisitions
- Risk management
As of April 6, 2018
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 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 company, Production Plus Energy Services Inc. (formerly TriAxon Oil Corp.)
Board and Committee Membership and Attendance
As of December 31, 2017
|2017 Voting Results||Board and Committee Membership||Regular||Special||Overall|
|88.3% for||Board of directors||8 of 8||1 of 1||100%|
|11.7% withheld||Audit and finance||6 of 6||2 of 2||100%|
|Human resources and compensation (chair)||5 of 5||100%|
Other Public Company Boards in the Past Five Years
and Current Committee Memberships
|Cona Resources Ltd. (TSX)||Audit (chair), Compensation, Technical||2014 to present|
|Logan International Inc. (TSX)||2011 to 2016|
|Hardy Oil & Gas plc (LSE)||2008 to 2012|
Ian was director of Laricina Energy Limited (Laricina), a junior oil sands private company, from 2013 to 2017. 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.
As of December 31, 2017
|Year||Cameco Shares||DSUs||Total Shares
|Total Value of
Shares and DSUs
|Multiple of 2017
|Ownership Guidance Compliance1|
1. For share ownership compliance, Ian's shares and DSUs held at December 31, 2017 are valued at $2,340,001.
2. Represents his level of compliance with the board chair retainer, which is $375,000.