Directors
Composition
NML's board of directors ("the Board") is elected by the shareholders at the annual meeting of the shareholders of NML and is composed to balance these goals:
- Its size facilitates substantive discussions of the whole Board in which each director can participate meaningfully;
- Its members have a broad range of skills, expertise, industry knowledge, diversity of opinion and contacts relevant to the NML's business;
- Membership on the Board includes an appropriate number of directors whom the Board has determined have no material relationship with NML or its principal shareholders and who are otherwise considered independent as contemplated by the corporate governance guidelines published by the Canadian Securities Administrators
Core Responsibilities
The mandate of the Board, as prescribed by law, is to manage or supervise the management of the business and affairs of NML and to act with a view to the best interests of NML. The core responsibilities of the Board include stewardship and oversight in the following areas:
1. Strategic Plan
The Board meets annually, at the end of the year, and may also have special meetings as required, to review NML's overall business strategies and its annual business plan, as well as major strategic initiatives, to allow for the Board to evaluate whether NML's proposed actions generally accord with NML objectives.
2. Identification of Principal Risks
The Board, directly and through the Audit Committee as well as the other committees of the Board, reviews the principal risks of NML's business and the appropriateness of the systems management puts in place to manage these risks. A current report on risk management is presented to and reviewed by the Audit Committee each quarter.
3. Communication Policy
The Disclosure and Confidentiality Policy established by the Board summarizes practices regarding disclosure of material information to investors, analysts and the media. The Board, in consultation with the Governance Committee, monitors and advises on compliance with this Policy.
4. Internal Control and Management Information Systems
The Board, acting through the Audit Committee, monitors the implementation of appropriate internal control systems. The Audit Committee reports, at least quarterly, to the Board and periodically includes in its reports updates on the status of the Company's internal control systems.
5. Shareholder Feedback
The Board monitors management in its ongoing development of appropriate investor relations programs and procedures to receive and respond to shareholder feedback.
- Lee C.G. Nichols
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- Dean Journeaux
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- Roy H. Hudson
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- H. M. Nerurkar
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- Partha Sengupta
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- Sandip Biswas
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- John N. Schindler
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- Pierre Seccareccia
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- General (Ret.) Rick Hillier
Lee C.G. Nichols
ChairmanMr. Nichols is the Chairman of the NML Board of Directors. He has over 42 years of experience in the mining industry.
Beginning in 1963, Mr. Nichols worked for Iron Ore Company of Canada, Syncrude Canada Ltd., and Luscar Limited in various engineering capacities from Junior Engineer to Chief Mine Engineer. These positions were located at Schefferville, Quebec, Edmonton, Alberta, and Fort McMurray, Alberta, and at properties owned by the foregoing mining companies.
Since 1983, he has been the President of Terracon Geotechnique Ltd. of Calgary, Alberta, a private consulting company. In this capacity he has served clients in the oil sand, coal, iron ore and base metals sectors. Projects related to Mr. Nichols' work with Terracon included resource estimates, geotechnical evaluations for mines tailings, and dump structures and groundwater control systems. Mr. Nichols has also served as a ground control expert to governmental organizations in the Northwest Territories and Nunavut in Canada and to many mining companies in Canada and the United States of America.
Mr. Nichols received a Bachelor of Science in Engineering (Engineering Geology Option) from Queen's University of Kingston, Ontario, in 1963, and a Master of Science in Geology and Civil Engineering from Syracuse University of Syracuse, New York in 1966. He is a Registered Professional Engineer and Professional Geologist in the Provinces of Alberta and British Columbia, a Member of the Canadian Geotechnical Society, and a Member of the Canadian Institute of Mining, Metallurgy and Petroleum.
Dean Journeaux
President & CEOMr. Journeaux became President & CEO of NML on July 1, 2011, and continues as a Director. He most recently was Chief Operating Officer, a post he held since 2008 and he was involved in the company from its inception in 2003. Mr. Journeaux has over four decades of experience in the mining industry. He has held various engineering, operations and management positions with Quebec Cartier Mining Company, and MET-CHEM Canada Inc. At the time, both were US Steel subsidiaries.
Beginning in 1999, as an independent consultant, Mr. Journeaux worked on various international projects in Egypt as Project Director with USS Engineers and Consultants Inc. for a proposed iron ore mine and steel plant and later in India as Project Director for the proposed Utkal Alumina International Limited bauxite mine and alumina refinery.
In 2002, Mr. Journeaux, along with other partners, formed the LabMag Mining Corp., with Mr. Journeaux acting as Director and Study Manager for the appraisal of an iron ore mine, concentrator, pipeline, pellet plant and port in Labrador. In 2003 this project led to the establishment of NML
Mr. Journeaux received a Bachelor of Engineering (Mining) from McGill University of Montreal, Quebec in 1960. He is a Member of the Ordre des ingénieurs du Québec (retired category), a Member of the Association of Iron and Steel Engineers, and a Fellow of the Canadian Institute of Mining, Metallurgy and Petroleum.
Roy H. Hudson
SecretaryMr. Hudson is a partner in the Calgary office of Davis LLP practicing corporate and securities law. He has been a director and Secretary of NML since 2004.
He received a Bachelor of Commerce degree from the University of Alberta in 1979. He later received an LL.B. from the same institution in 1983, and was called to the Alberta Bar in 1984. Mr. Hudson is a director and officer of several other publicly traded companies and a Member of the Law Society of Alberta.
H. M. Nerurkar
Managing Director of Tata Steel Limited since October of 2009 and Executive Director of India and South East Asia since April of 2009, Mr. Nerurkar has over 35 years of experience in the steel industry in various executive positions. Mr. Nerurkar formerly served as Vice President of Kalinganagar Project, Orissa of Tata Steel Limited. His broad experience in the mining industry covers many facets, including project execution, manufacturing, Quality Control, Supply Chain, to Marketing.
Mr. Nerurkar received his Bachelor of Technology (Metallurgy) from the College of Engineering in Pune, India. He is a member of various academic and professional organizations including the Indian Institute of Metals, ULSAC / ULSAS / ULSAB of IISI Brussels, INSDAG, AIMA Governing Council, XIM, Bhubaneshwar Governing Council, Institute of Environmental. Management Studies, Tata Steel Rural Development Society, Jamshedpur Kennel Club, Indian Cancer Society, Jamshedpur Branch.
Partha Sengupta
Vice-President of Raw Materials at Tata Steel Ltd., with nearly three decades of industry experience, Mr. Sengupta directs Global Minerals, Natural Resources Division, Raw Materials Strategy Group and the S&T Mining Project. Mr. Sengupta has held a variety of positions of increasing seniority at Tata Steel in the past 28 years, most recently as the Vice President of Corporate Services.
Mr. Sengupta received his degree in metallurgy from Banaras Hindu University, one of India's premier Institutes of Technology, and attended the executive training program at INSEAD in France.
Sandip Biswas
Mr. Biswas is currently the Group Director - (Corporate Finance and M & A) for Tata Steel Limited. In this role, he oversees the Tata Steel Group's financing strategies, capital structure, mergers and acquisitions, planning and execution of capital raising activities for both debt and equity, liquidity management, foreign exchange risk management, investor relations activities and corporate/legal affairs among other responsibilities. Mr. Biswas is currently also serving as a Director of various Tata Steel subsidiaries and joint ventures both in India and abroad.
Previously, Mr. Biswas was Group Head - Corporate Finance, Treasury and Investor Relations, Chief Corporate Finance and Treasury, and Chief Foreign Exchange & Treasury Management for Tata Steel Limited. Before taking employment in Tata Steel, Mr. Biswas worked with American Express Bank, ANZ Grindlays Bank, First India Mutual Fund, CEAT Finance Ltd, Usha Martin Industries Ltd and Price Waterhouse.
Mr. Biswas is a member of the Institute of Chartered Accountants of India and also of the Institute of Company Secretaries of India. He holds a bachelor's degree in Commerce from The University of Calcutta.
John N. Schindler
Mr. Schindler has over 40 years of experience in exploration, open pit mining/quarrying and consulting on four continents. His experience includes iron ores, molybdenum, uranium, precious and base metals and industrial minerals.
Mr. Schindler worked as a geologist for the Iron Ore Company of Canada and subsequently held middle and senior management positions with Amax Exploration Inc, Western Mines Ltd and Union Oil Company Ltd. Since 1981 he has worked as president for Schindler Exploration Consultants Ltd which has consulted to private and public companies including Continental Lime Ltd, Diamet Minerals Ltd, Hecla Mining Inc, Inland Aggregates and Terracon Geotechnique Ltd. He held senior positions with two former junior reporting - issuers, Contwoyto Goldfields Ltd and Craton Resources Inc, and is currently president of Summit Natural Rock Inc., a private industrial minerals company.
Mr. Schindler received a B, Sc (Hon. II) from McGill University, Montreal, Quebec in 1960, a Diploma of Mineral Exploration, Imperial College in 1961 and an M. Sc. in Mining Geology (1963) from the Royal School of Mines, Imperial College, University of London, England. He earned his Ph. D, in Geology in 1975 from McMaster University in Hamilton, Ontario. He is registered as a professional geologist in the Province of Alberta and is a member of the Canadian Institute of Mining and Metallurgy.
Pierre Seccareccia
Mr. Seccareccia has over 35 years of experience in the areas of financial consulting and management. Until 2002, he was the Managing Partner of the Montreal office of Pricewaterhouse Coopers.
He is presently a director of numerous companies including GLV Inc. (TSX: LVG.A and LVG.B), Boralex Inc. (TSX: BLX-T), Genivar Income Fund (TSX: GNV.UN), MedicaGo Inc. (TSX-V: MDG), Fondation de la Famille Lemaire, ARX Capital Inc., Langevin & Forest Inc., and Robichaud Conseil Inc Mr. Seccareccia is Chairman of the Board of les Oeuvres de la Maison du Père and the Board of la Fondation Père Eusèbe-Ménard, as well as a Member of the Board and Chairman of the audit committee and member of the research committee of UHC Sainte-Justine. Mr. Seccareccia is also a Fellow of the Ordre des comptables agréés du Québec.
General (Ret.) Rick Hillier
General (Ret.) Rick Hillier, CMM, MSC, CD is the former Chief of the Defense Staff of the Canadian Forces. He held this appointment from February 4, 2005 until his retirement on July 1, 2008 and is the highest ranking Newfoundland and Labrador officer in history. His awards include Commander of the Order of Military Merit, Meritorious Service Cross, Canadian Forces Decoration and the United States Legion of Honor.
On August 14, 2008, Hillier was appointed as Chair of TELUS Atlantic Canada Community Board. He also acts as strategic advisor to TD Bank and the Gowlings Law Firm, and is a member of Provincial Aerospace’s Advisory Board.
General Hillier was appointed as Chancellor of Memorial University of Newfoundland and Labrador, his alma mater, effective July 3, 2008. He graduated from Memorial University in 1975 with a Bachelor of Science degree.
