Governance


Board of Directors

William W. Lovatt
William W. Lovatt
CFA, FCPA, FCGA
Chairman
William W. Lovatt

William W. Lovatt, CFA, FCPA, FCGA


Chairman

Mr. Lovatt is Chairman of ECN Capital’s board of directors and is a member of Element Fleet Management’s board of directors. Mr. Lovatt serves as a member of the Audit Committee, the C&CG Committee and the Credit and Risk Committee of the ECN Capital Board. He previously served as Chairman on Element Financial’s board of directors before the company’s separation into Element Fleet Management Corp. and ECN Capital Corp.

Mr. Lovatt brings 40 years of investment and senior management expertise. He is one of Canada’s most respected financial services executives having served as Executive Vice President and Chief Financial Officer of Great-West Lifeco Inc., Great-West Life Assurance Company, London Life Insurance Company and Canada Life Assurance Company. Mr. Lovatt joined Great West-Life in 1979 serving in various positions in the insurer’s investments department.

Mr. Lovatt served as a member of the Accounting Standards Oversight Council from 2000 to 2006 and in 2009, following the global financial crisis, was asked to serve the Canadian Government on the Department of Finance’s Advisory Committee on Liquidity in the Financial Markets. Mr. Lovatt received his Bachelor of Commerce (Hons.) degree from the University of Saskatchewan in 1975, his Chartered Financial Analyst designation in 1983 and became a Fellow Certified General Accountant in 2003.

Steven K. Hudson
Steven K. Hudson
FCA
Chief Executive Officer
Steven K. Hudson

Steven K. Hudson, FCA


Chief Executive Officer

Steven Hudson is the Chief Executive Officer of ECN Capital, a leading commercial finance company formed from the October 2016 separation of Element Financial Corporation into two market leading companies – Element Fleet Management and ECN Capital. Prior to his appointment as the founding CEO of ECN Capital, Mr. Hudson served for five years as the Chief Executive Office of Element Financial Corporation.

Under Mr. Hudson’s leadership between 2011 and 2016, Element’s assets increased from just over $400 million to more than $24 billion establishing it as North America’s largest independent equipment finance company and as one of the largest fleet management companies in the world. During this period, Element raised more than $5.7 billion in equity to fund the Company’s growth including its $8.9 billion purchase of GE Capital’s fleet management business in 2015.

An entrepreneur, investor and incubator of successful businesses, Mr. Hudson has a distinguished track record across several business sectors, with deep expertise in financial and capital markets. He is the founder and principal of Cameron Capital, a private investment firm established more than 20 years ago. In 1984 Mr. Hudson founded Newcourt Credit Group. Under his leadership as CEO, Newcourt grew to become a worldwide leader in equipment and asset finance with owned and managed assets exceeding $36 billion prior to its sale to CIT Group in 1999.

Mr. Hudson has been an active director on numerous boards of both public and private corporations and an active community leader and philanthropist.

Mr. Hudson graduated from York University in 1981 with an Honors Bachelor of Business Administration degree and received his Fellowship with the Institute of Chartered Accountants of Ontario in 2000. In 1996, Mr. Hudson received the Ernst and Young Entrepreneur of the Year award and was named one of Canada’s Top 40 Under 40.

Gordon Giffin
Gordon Giffin
B.A., J.D.
Director
Gordon Giffin

Gordon Giffin, B.A., J.D.


Director

Ambassador Gordon Giffin serves as director of ECN Capital.  He is also chair of Dentons’ US Public Policy and Regulation practice, and co-chair of Dentons’ global Energy sector team. His work focuses on international transactions and trade matters, government procurement, energy regulatory and policy matters, and federal and state regulatory matters and public policy.

He served as the nineteenth U.S. Ambassador to Canada from August 1997 to April 2001, receiving the Distinguished Service Award from the U.S. Department of State in 1999.  In 2016, Ambassador Giffin was awarded the Canadian Medallion by the Governor General in recognition of his service in promoting and enhancing the Canada-U.S. relationship.  He was also a recipient of the Emory University School of Law’s 2009 Distinguished Alumni Award, which recognizes outstanding alumni who have achieved distinction in legal practice, teaching, research or public administration.  He has also served as an adjunct professor of law at Emory University School of Law.  He earned a B.A. from Duke University in 1971 and a J.D. from Emory University School of Law in Atlanta, Georgia in 1974.

Ambassador Giffin is a member of the Council on Foreign Relations and the Tri-Lateral Commission. He also serves on the Board of Directors of Canadian National Railway, Canadian Imperial Bank of Commerce, and Canadian Natural Resources Ltd.  He is the Chairman of the Board of TransAlta Corporation.

Pierre Lortie
Pierre Lortie
BSc. Appl., Lic. Appl.econ., M.B.A., ICD.D, FCAE, C.M.
Director
Pierre Lortie

Pierre Lortie, BSc. Appl., Lic. Appl.econ., M.B.A., ICD.D, FCAE, C.M.


Director

Mr. Lortie is Senior Business Advisor at Dentons Canada LLP., a major Canadian law firm and serves as director of ECN Capital. He previously served as a director of Element Financial.

Mr. Lortie is currently a director of Canam Group Inc., and Executive Chairman of the Board of Quest Rare Minerals Ltd., both listed on the TSX. Mr. Lortie also served as President of the Transition Committee of the Agglomeration of Montreal from its inception in June 2004 to the end of its mandate in December 2005. Mr. Lortie served as President and Chief Operating Officer of Bombardier Transportation, Bombardier Capital, Bombardier International, and as President of Bombardier Aerospace, Regional Aircraft. He has also served as Chairman of Canada’s Royal Commission on Electoral Reform and Party Financing. He has been Chairman of the Board, President and Chief Executive Officer of Provigo Inc., President and Chief Executive Officer of the Montreal Stock Exchange and a Senior Partner of Secor Inc.

Mr. Lortie received a Master of Business Administration degree with honours from the University of Chicago, a license in applied economics from the Universite catholique de Louvain, Belgium, and a Bachelor’s degree in applied sciences (engineering physics) from Universite Laval, Canada. He has earned the professional independent director designation (ICD.D) from the Institute of Corporate Directors and the McGill University Desautels Faculty of Management. Mr. Lortie is a Fellow of the Canadian Academy of Engineering and a member of the Order of Canada.

David Morris
David Morris
Director
David Morris

David Morris


Director

Mr. Morris recently retired as a senior audit partner at Deloitte & Touche LLP after serving over 41 years with the Firm.

He has extensive experience auditing global financial institutions and public companies. Mr. Morris has worked closely with senior management of these companies and with audit committees on a number of special engagements relating to mergers and acquisitions, due diligence and complex transactions. Mr. Morris also has a strong background with U.S. Securities and Exchange Commission registrants, including internal controls over financial reporting. Mr. Morris has acted as an advisor to senior management and directors throughout his career.

Mr. Morris is a graduate of McGill University.

Bradley D. Nullmeyer
Bradley D. Nullmeyer
Vice-Chairman
Bradley D. Nullmeyer

Bradley D. Nullmeyer


Vice-Chairman

Bradley Nullmeyer is Vice-Chairman of ECN Capital’s board of directors and CEO of Element Fleet Management as well as a member of the Element Fleet Management’s board of directors. He was President of Element Financial Corporation before the company’s separation into Element Fleet Management Corp. and ECN Capital Corp.

As co-founder of Newcourt Credit Group in 1984, he had lead responsibility for corporate acquisitions and the development of Newcourt’s major international vendor finance programs and joint ventures. Mr. Nullmeyer served as President of Vendor Finance for CIT USA until 2001 and more recently as Co-CEO of OTEC Research Limited, a Canadian health products research enterprise.

He currently serves as chair of the Audit Committee of the board of directors of DH Corporation, a Global financial technology provider, and is Vice-Chair, of the board of directors of ECN Capital, a North American commercial finance business. Mr. Nullmeyer also serves as a member of the Board of Element Fleet Management Corp. and The Holland Bloorview Kids Rehabilitation Hospital Foundation. Additionally, he continues to be very active in amateur sports, particularly alpine skiing and community based hockey leagues in Toronto.

Mr. Nullmeyer earned a Bachelor of Commerce degree from McMaster University in 1982 and became a member of the Institute of Chartered Accountants of Ontario in 1984.

Paul Stoyan
Paul Stoyan
LLB, ICD.D
Director
Paul Stoyan

Paul Stoyan, LLB, ICD.D


Director

Mr. Stoyan serves on ECN Capital’s Board of Directors, and is the Chairman of Gardiner Roberts LLP, a Canadian law firm. He previously served as a director of Element Financial Corporation.

Mr. Stoyan practices business law with a special emphasis on mergers and acquisitions, corporate finance and corporate governance. He has worked extensively with various companies in the financial services and technology sectors and has assisted such companies in various merger and acquisition transactions, in going public and in establishing and enforcing corporate governance regimes. Mr. Stoyan serves on the board of directors of Enghouse Systems Limited, a publicly-traded software company listed on the TSX. He is a past director of Open Text Corporation, a NASDAQ and TSX listed company. He is also a past director of the National Ballet School of Canada, and the Canadian Centre for Ethics and Corporate Policy and past chair of the Business Law Section of the Ontario Bar Association.

Mr. Stoyan holds a bachelor of laws from the University of Toronto and a bachelor of arts from the University of Toronto, where Mr. Stoyan was the Gold Medalist. Mr. Stoyan has earned the professional independent director designation (ICD.D) from the Institute of Corporate Directors and the University of Toronto’s Rotman School of Management.

Donna Toth
Donna Toth
Director
Donna Toth

Donna Toth


Director

Donna Toth serves as a director of ECN Capital.

Ms. Toth has been a Corporate Director of LOGiQ Asset Management Inc. since December 2016 serving on the Finance and Audit and the Governance, Nominating and Compensation Committees. Ms. Toth has also been a Director of the Children’s Aid Foundation (“CAF”) since September 2013. She has been a member of the CAF Finance and Audit Committee since September 2014, Chair of the CAF Investment Committee and member of the CAF Executive Committee since September 2016.

Ms. Toth enjoyed a 30 year career in the investment industry as an Institutional Equity Sales Professional and Bank and Financial Services Analyst. Most recently, Ms. Toth was a Managing Director of Global Equity Sales, Scotia Capital Inc. from December 2009 to May 2016.

Ms. Toth is a graduate of Wilfred Laurier University with a Bachelor of Business Administration.

Carol Goldman
Carol Goldman
Director
Carol Goldman

Carol Goldman


Director

Carol Goldman serves as a director of ECN Capital.

Ms. Goldman is a Human Resources professional with more than 30 years of executive leadership experience across several industries. She is Executive Vice President and Chief Administrative Officer at Centene Corporation (NYSE: CNC) where she has been since 2001. During her tenure at Centene Corporation as a member of the senior management team, the company has grown its total revenue to approximately US$40 billion. Prior to 2001, Ms. Goldman held various human resources roles at Mallinckrodt Inc, Cybertel Corporation and Central Microwave Company.

Ms. Goldman graduated from Southwest Missouri State University and holds a Master’s Degree in Human Resource Management from Lindenwood College.

Board Committees


Compensation and Corporate Governance Committee:
Paul Stoyan (Chair), William Lovatt, Gordon Giffin
Audit Committee:
David Morris (Chair), William Lovatt, Paul Stoyan
Credit and Risk Committee:
Pierre Lortie (Chair), William Lovatt, Bradley Nullmeyer, Steven Hudson