Duncan N. R. Jackman
Chairman of the Board of Directors
Mr. Jackman is Chairman, President and Chief Executive Officer of E-L Financial Corporation Limited and its associated companies Economic Investment Trust Limited and United Corporations Limited. He has held these positions since 2001. Prior to joining E-L Financial Corporation Limited, Mr. Jackman held a variety of positions including portfolio manager at Cassels Blaikie and investment analyst at RBC Dominion Securities Inc.
Mr. Jackman holds a Bachelor of Arts in Literature from McGill University.
Mr. Jackman has been a director of Algoma since 1997 and Chairman since 2010
Mats Berglund
Mr. Berglund served as the Chief Executive Officer and Director of Pacific Basin, a Hong Kong-listed owner and operator of drybulk vessels controlling a fleet of over 200 ships from 2012-2021. Mr. Berglund has more than 35 years of shipping experience from both private and public companies in Europe, the USA and Asia, including as Chief Financial Officer and Chief Operating Officer of marine fuel trader Chemoil Energy and Head of Crude Transportation for Overseas Shipholding Group. Previously, he served in a variety of leadership roles across the Stena group of companies, culminating as President of Stena Rederi, Stena’s parent company for all shipping activities.
He is an Independent Director of Ardmore Shipping (an international product & chemical carrier company) and of the Northern Marine Group (a ship management and marine and offshore services provider).
Mr. Berglund holds an Economist degree from the Gothenburg University Business School and is a graduate of the Advanced Management Program at Harvard.
Mr. Berglund was elected to the Board of Algoma in 2023.
Richard B. Carty
Mr. Carty is Vice-President, General Counsel and Corporate Secretary, E-L Financial Corporation Limited. Prior to joining E-L Financial, Mr. Carty held executive roles in the human resources, legal and compliance areas with a large Canadian life insurance company.
Mr. Carty has a Bachelor of Commerce Degree (Honours) from Queen’s University, an LLB from the University of Victoria, and an MBA from Imperial College Business School (London). Mr. Carty was called to the Bar in Ontario in 1992.
Mr. Carty has been a director of Algoma since 2010.
Jens Grønning
Mr. Grønning is a partner in boutique asset management firm Otto Danielsen (founded in 1944), which an equal partner and him bought in 2016.
Previously, Mr. Grønning was CEO of Navig8 Chemical Tankers from 2019 until the merger with Hafnia Group in 2022. Prior to that he served on the board of the company as well as CTG, a New York based chemical tanker ship-owner. Until 2015, Mr. Grønning was CEO at Team Tankers, a leading chemical tanker company listed on the Oslo Stock Exchange, as well as Senior Advisor to the Board of Tufton Oceanic, a London based fund management company. From 2008 to 2013 he was CEO of UACC in Dubai, operating a fleet of MR chemical and LR1 product tankers. Before this, he was COO of Eitzen Chemical from 2004, after completing a 5 year tenure for the Group in Singapore, where he was in charge of the company’s technical ship management, Aframax floating storage activity (FSO) as well as dry-bulk sale & purchase.
Mr. Grønning has studied an Executive MBA at IMD in Lausanne, Switzerland.
Mr. Grønning was elected to the Board of Algoma in 2023.
E. M. Blake Hutcheson
Blake Hutcheson is President and CEO of OMERS. He is responsible for the overall leadership and performance of the OMERS enterprise. He was appointed OMERS President and Chief Pension Officer in 2018. His mandate included leading OMERS pension business, Strategy, Communications & Public Affairs, Legal, Technology and Operations, in addition to Asset Liability Management.
Blake previously served as President and CEO of Oxford Properties Group since 2010, and in 2014 he also became Chief Investment Officer, Real Estate and Strategic Investments and added the OMERS Platform Investments portfolio, an integral part of the OMERS innovative agenda.
Prior to OMERS, Blake was the Head of Global Real Estate with Mount Kellett Capital Management, a New York-based private equity firm with offices in key locations around the globe. Previously, he was Chairman and President of the Canadian, Latin American, and Mexican operations for CB Richard Ellis, the world’s largest real estate services company.
A former recipient of Canada’s Top 40 Under 40, Blake is a graduate of the University of Western Ontario. He also completed a Graduate Diploma in International and Comparative Politics at the London School of Economics (with Distinction) and a Master’s Degree in Real Estate Development at Columbia University (where he received the Distinguished Alumnus Award for 2017).
Mr. Hutcheson has been a director of Algoma since 2003.
Trinity O. Jackman
Ms. Jackman has a Ph. D in classical archaeology from Stanford University and a B.A. from Columbia University. Ms Jackman completed post-doctoral studies at Columbia University and has taught at Columbia. Prior to her current role at York University, she served as a Curatorial Consultant to the Royal Ontario Museum. Ms. Jackman has served on the boards of directors of the Power Plant Contemporary Art Gallery (2009 to 2014, including Vice-President of the Board from 2012 to 2014) and the Canadian Opera Company (2011 to 2014).Ms. Jackman was elected to the Algoma Board of Directors in 2021.
Mark McQueen
Mr. McQueen joined the Algoma board in 2015.Mr. McQueen is President and Executive Managing Director, Innovation Banking at CIBC. He also serves as a member of the governing council of Sunnybrook Health Sciences Centre, as Deputy Chair (Student Awards) for the Campaign for Western, and is the Honourary Captain of the Royal Canadian Navy.
Mr. McQueen’s career in the financial services industry began in 1993. Prior to the acquisition of his firm, Wellington Financial LP, by CIBC, Mr. McQueen held roles with the predecessor firm to Macquarie Capital Markets, as well as BMO Nesbitt Burns and Bank of Montreal.
Mr. McQueen is the former Chairman of the Board of the Toronto Port Authority and of the Windsor-Detroit Bridge Authority. Previously he was an Executive Assistant and advisor in the Office of the Prime Minister and served as Special Assistant to two cabinet ministers.
Mr. McQueen holds a Bachelor of Arts (Honours) from the University of Western Ontario.
Clive P. Rowe
Mr. Rowe is a Partner with Oskie Capital, a New York investment firm focused on turnarounds that he co-founded in 2010. Prior to Oskie, he was a partner at SLS Capital and before that he was a strategy consultant. He is Chairman of the Board of RoadOne Intermodal Logistics, a trucking company, and he is a member of the Board of Empire Life Insurance Co.
Mr. Rowe has a MBA from the Harvard Business School and BA from Harvard College.
Mr. Rowe has been a director of Algoma since 1999.
Eric Stevenson
Mr. Stevenson is co-founder of Perseverance Marine, a privately held investment group which has successfully pursued a strategy of value investing in cyclical shipping markets. Perseverance has owned or invested in a broad range of ship types including refrigerated cargo vessels, small product tankers and chemical tankers, offshore supply, multi-purpose ships and bulk carriers.
From the mid-1980s, Mr. Stevenson worked as an investment banker in London, England, specializing in cross-border mergers and acquisitions and equity issues. Latterly, he served as Vice President, Corporate Finance, with the investment banking arm of Barclays Bank.
Mr. Stevenson graduated from Middlebury College in Vermont with an Honours B.A. in History. He earned an MBA from the Richard Ivey School of Business, University of Western Ontario in 1986.
Mr. Stevenson’s community activities are primarily focused on conservation and the environment. He is the former Chair, and a member of the Executive Committee, of Environmental Defence Canada.
Mr. Stevenson was elected to the Board of Algoma in 2013.
