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Bulletin #0910-M

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Ian Strulovitch
Director, Communications & Public Affairs and Senior Legal Counsel
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MFDA Board of Directors Update

Steven Glover has been appointed as Chair of the MFDA Board of Directors. Mr. Glover is currently Chair of the Audit and Finance Committee and brings extensive board and governance experience to the role. He has been an MFDA Board member since December 2014, is a current Director of TSX listed Genesis Land Development Corp., and has held board positions at Travel Alberta and the Canadian Public Accountability Board. Mr. Glover replaces Public Director and MFDA Board Chair, Christopher Nicholls, who resigned effective June 30, 2022 so that he may focus on his other professional duties.

Steven Donald has been appointed to the MFDA Board of Directors, as a Public Director. Mr. Donald is a former financial services executive and experienced board and audit committee member. He has extensive financial, regulatory, risk management, and governance expertise drawn from his experience as Chief Risk Officer for a Canadian public company and Chief Financial Officer for private companies in heavily regulated industries. Mr. Donald served as an industry director on the MFDA Board for six years (2010-2016) and Board Chair in his final year. Mr. Donald has met the necessary requirements and cooling-off period to be eligible to serve as a Public Director.

“On behalf of the Board of Directors, I would like to thank Chris Nicholls for his dedicated contribution, leadership and guidance during his eight years as Chair,” said Mr. Glover, MFDA Chair. “I would also like to extend a warm welcome to Steve Donald whose wealth of knowledge and experience will be invaluable as the MFDA continues its transition towards the establishment of the New SRO.”

Both the appointment of Mr. Glover as Chair and Mr. Donald to the Board, are effective July 13, 2022.