65 | 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 Cameco’s board. He serves as chair of the Cameco board and is an ex-officio member of each of the five board committees.
Key Skills and Experience
- Board / corporate governance
- Financial acumen
- Investor relations
- Investments / mergers and acquisitions
- Risk oversight
As of April 5, 2019
Ian Bruce is a corporate director. 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.
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 and is also a past board member and chair of the Investment Industry Association of Canada.
Prior to becoming chair in May 2018, Ian was a member of the audit and finance committee and chair of the human resources and compensation committee. Ian is a director of the private company, TriAxon Oil Corp., and is also a member of its audit and compensation committees.
Board and Committee Membership and Attendance
As of December 31, 2018
|2018 Voting Results||Board and Committee Membership||Regular||Special||Overall|
|96.3% votes for||Board Chair||8 of 8||3 of 3||100%|
|3.7% votes withheld||Audit and finance||2 of 2||2 of 2||100%|
|Human resources and compensation (chair)||2 of 2||1 of 1||100%|
As board chair since May 2018, Ian attended 15 committee meetings as an ex-officio member. Committee meeting attendance indicated above are for those committees which he served on prior to appointment as chair.
Other Public Company Boards in the Past Five Years
|Cona Resources Ltd. (TSX)||2014 to 2018|
|Logan International Inc. (TSX)||2011 to 2016|
Ian was a 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, 2018
|Year||Cameco Shares||DSUs||Total Shares
|Total Value of
Shares and DSUs
|Multiple of 2018
|Share Ownership Guidance Compliant1|
1. For evaluating compliance with Cameco’s share ownership guidelines, Ian’s shares and DSUs held at December 31, 2018 are valued at $2,573,680 and represent 6.9x the board chair retainer of $375,000.