Ottawa, May 15, 2009

Archived - Minister of Finance Appoints New Directors to PPP Canada

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The Honourable Jim Flaherty, Minister of Finance, today announced the appointment of three new directors to PPP Canada (P3C).

Jacques Lamarre, the former President and Chief Executive Officer of SNC-Lavalin Group Inc., and Anthony Comper, the former Chairman of BMO Financial Group, have been appointed to the Board of Directors of PPP Canada for three years. Carol Diane Pennycook, law partner at Davies Ward Phillips & Vineberg, has been appointed for a two-year term.

"I am pleased to name such a distinguished group of Canadians to the board of PPP Canada," said Minister Flaherty. "Together, they have the wealth of expertise required to establish the public-private partnerships that will help meet Canada's infrastructure challenges. Their contribution will help provide the economic growth and stimulus Canada needs now."

PPP Canada is a Crown corporation that was recently established to work with the public and private sector to support public-private partnerships (P3s) and to encourage the further development of Canada's P3 market.

For further information, media may contact:

Chisholm Pothier
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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Biographical notes

Anthony Comper

Anthony Comper currently serves as a Director of a number of corporations, including Spectra Energy Corporation, the Canadian Institute for Advanced Research, and the Canadian Friends of Simon Wiesenthal Center for Holocaust Studies. He is also a Trustee of the Canadian Center of Architecture and a member of the International Advisory Committee of the Li Ka Shing Knowledge Institute of St. Michael's Hospital. His past experience includes serving as the Chairman of BMO Financial Group, Chair of the University of Toronto's Governing Council and Chair of the C.D. Howe Institute. Mr. Comper has degrees from Mount Saint Vincent University, the University of New Brunswick and Haifa University, with an honorary law degree from the University of Toronto.

Jacques Lamarre, O.C.

From 1996 to 2009, Jacques Lamarre was the President and Chief Executive Officer of SNC-Lavalin Group Inc., a Canadian-based global engineering and construction company. Mr. Lamarre is a founding member and past Chairman of the Commonwealth Business Council. He is past Chairman of the Board of Directors of the Conference Board of Canada, a Director of the Royal Bank of Canada, and a founding member of the World Economic Forum's Governors for Engineering & Construction. Mr. Lamarre holds a Bachelor of Arts degree and a Bachelor of Arts and Science degree in Civil Engineering from Laval University. He has also completed Harvard University's Executive Development Program.

Carol Diane Pennycook, LL.B.

Carol Diane Pennycook is a partner in the Toronto office of the law firm Davies Ward Phillips & Vineberg LLP, where she practises law with an emphasis on debt financing, corporate reorganizations and private and public negotiated merger transactions—transactions involving the acquisition of both public and private companies and public-private partnership transactions. In addition, she currently serves as a Director of Advantage Energy, is on the editorial board of the Canadian Corporation Precedents and Canadian Securities Law Precedents, and is an adjunct professor at York University's Osgoode Hall Law School. Ms. Pennycook was educated at the University of Calgary (B.Sc. and LL.B.), and was admitted to the bar of Alberta in 1981 and Ontario in 1985. She is a member of a number of professional organizations, including the Canadian Bar Association, the Law Society of Upper Canada and the Law Society of Alberta.