Board of Directors

The Board of Directors of KPT consists of four members. In keeping with best practices of corporate governance, three directors (and all board committee members) are independent of management. They also represent an exceptionally strong base of experience in consumer products, business management, accounting and capital markets.

Huw Thomas (Independent Chairman)

Huw Thomas, a resident of Ontario, is a board member of Dollarama Inc. (sitting on the audit, nominating and compensation committees), Calloway Real Estate Investment Trust (sitting as chair of the audit committee and member of the investment committee) and Chartwell Seniors Housing Real Estate Investment Trust (sitting as chair of the audit committee), all of which are reporting issuers. Mr. Thomas is also the chair of the CICA Risk Oversight and Governance Board and serves on the board of Rodenbury Investments Ltd. From October 2009 to December 2010, Mr. Thomas was Executive Vice-President, Financial Strategy and Performance of Canadian Tire Corporation Ltd. Prior to that, he was its Chief Financial Officer from October 2000 to October 2009. From October 2000 to December 2010, Mr. Thomas served as a senior member of the Executive Committee and advisor to the Chief Executive Officer of Canadian Tire Corporation on financial strategy and performance.

Mr. Thomas holds a Bachelor of Science, Economics from the University of London and is a Chartered Accountant (United Kingdom and Canada). In 2007, he completed the Directors Education Program of the Rotman School of Management.

Mr. Thomas is Chairman of the KP Tissue Inc. Board and Audit Committee and is a member of the KP Tissue Nominating Committee, Chairman of the KPGP Audit Committee and is a member of the KPGP Governance Committee.

Michel Letellier (Independent Director)

Michel Letellier, a resident of Quebéc, is the President and Chief Executive Officer of Innergex Renewable Energy Inc. He first joined a predecessor entity of Innergex in 1997 as Vice President – Finance. He was appointed Executive Vice President and Chief Financial Officer in 2003, and was appointed President and Chief Executive Officer of Innergex in October 2007. Mr. Letellier is responsible for providing strategic leadership and overseeing all of Innergex’s business activities, in order to ensure its sound financial management and long-term sustainability.

Prior to joining Innergex, Mr. Letellier worked at Boralex Inc. from 1990 to 1997, where he was involved in the development and operation of several run-of-river hydroelectric projects and where he held positions of increasing responsibility. Prior to that, he spent two years as a member of the Corporate Finance group at Brault Guy O’Brien Inc.

Mr. Letellier sits on the Board of Directors of Innergex, a reporting issuer in Canada, as well as on the Boards of Directors of several partnerships co-owned by Innergex with First Nations and other external partners.

Mr. Letellier holds a Bachelor of Commerce (Finance) degree from Université du Québec à Montréal (1986) and a Master of Business Administration degree from Université de Sherbrooke (1988).

Mr. Letellier is a member of the KP Tissue Audit Committee and KP Tissue Nominating Committee, the KPGP Audit Committee and the KPGP Compensation Committee.

Susan J. McArthur (Independent Director)

Susan J. McArthur, a resident of Ontario, is a Senior Investment Banker at Jacob Securities Inc., an investment banking firm specializing in renewable energy, oil & gas, mining and infrastructure. Ms. McArthur has advised corporate clients on a broad range of transactions including acquisitions and divestitures, public and private equity and debt financing, capital restructuring and other strategic initiatives. Ms. McArthur has held positions with Rothschild Canada Limited in Toronto, Lazard Freres & Co. in New York and Paris and The First Boston Corporation in New York. Ms. McArthur currently Chairs the Board of Management of the Canada Revenue Agency and sits on the board of directors of First Capital Realty (a reporting issuer), Chemtrade Logistics Inc., the Canadian Club of Toronto and Les Jardins de Métis Inc. Ms. McArthur has previously served as director on a number of boards including Globe Alive (Wind Mobile),Luminato, UBS Bank Canada, Orvana Minerals Inc., Bonus Resources Services and the Toronto International Film Festival.

Ms. McArthur is a graduate of the University of Western Ontario.

Ms. McArthur will be on the Corporation Audit Committee, the Corporation Nominating Committee, the KPGP Audit Committee and the KPGP Governance Committee.

David Spraley (Non-independent Director)

David A. Spraley, a resident of Quebéc, is Executive Vice President and Chief Operating Officer of Kruger Inc. Prior to joining Kruger, Mr. Spraley accumulated over 30 years of experience in the forest industry, both in the pulp and paper sector and the consumer products side of the business. Mr. Spraley started his career at Mead Corporation where he held positions of increasing responsibility from 1978 to 1991. He then joined Georgia-Pacific for the following 15 years, earning extensive experience, particularly in the consumer products division. The last position he held was Senior Vice President, Consumer Products Manufacturing. As such, he was responsible for six integrated manufacturing operations producing tissue, pulp and fine paper.

Mr. Spraley joined AbitibiBowater (now Resolute Forest Products) in 2006, where he held various senior positions from 2006 to 2011. Most recently, he was Senior Vice President, Manufacturing, Pulp and Paper Operations, overseeing operations for 19 facilities in Canada, South Korea and the USA. These facilities produced bleached kraft pulp, coated paper, newsprint and hydroelectricity.

Mr. Spraley holds a Bachelor of Science in Chemical Engineering from the University of Dayton.

Mr. Spraley will be on the KPGP Compensation Committee.

Additional notes



KPGP – Board of Directors

Joseph Kruger II, Director (Chairman)

Joseph Kruger II has been the Chairman and Chief Executive Officer of Kruger since 1998. Prior to 1998, Mr. Kruger held various senior management positions within the company, during which time the company has expanded and implemented numerous successful acquisitions and modernization projects. Mr. Kruger has played a vital role at Kruger since his graduation from Clarkson University, Potsdam, New York in 1967, where he earned a Bachelor of Science degree in Mechanical Engineering. Mr. Kruger also received an honoris causa Doctorate in Science from Clarkson University in 1987. Mr. Kruger served for 10 years as a trustee of Clarkson University, first as an alumni trustee and later as a trustee. He has been a member of the Board’s Campus Life Development and Investment Committees. He received an Honorary Doctor of Laws degree from Memorial University in May 1996. He also received an honoris causa Doctorate from the University of Sherbrooke in October 1998. On October 8, 2002, Mr. Kruger received an Honorary Doctorate degree from the Université du Québec à Trois-Rivières. On June 11, 2006, Mr. Kruger received an honoris causa Docteur en sciences forestières from Université Laval. Mr. Kruger is a past Director of the Bank of Canada. On January 23, 1994, Mr. Kruger received one of Québec’s highest distinctions, Knight of the Order of Québec (Chevalier de l’Ordre national du Québec) for his outstanding support and commitment to education, science, technology and research. In addition, on February 4, 1998, he was appointed as a Member of the Order of Canada. Mr. Kruger will be on the KPGP Compensation Committee.

Donald J. Cayouette, Director

Donald J. Cayouette was Executive Vice President and Chief Operating Officer of Kruger from April 2008 until April 2012. He continues to work with Kruger management on specific mandates. His career with Kruger began in 1989 as general manager of the Trois-Rivières plant. He also held the positions of Vice-President, Manufacturing, Corporate Engineering and Technical Services with Kruger. Between 1999 and 2004, he served as Executive Vice-President and Chief Operating Officer of Scott Paper Limited (now KPLP). In January 2004, Mr. Cayouette returned to the Kruger head office as Executive Vice-President – Operations and was responsible for the Tissue and Containerboard divisions. Mr. Cayouette is also a member of the Kruger Board of Directors and its Executive Committee. Since 1975, Mr. Cayouette has been a member of various pulp and paper professional associations, including various technical sections and committees of the Canadian Pulp and Paper Association. He has also been involved in the community as a board member of various hospital foundations, charity fundraising, and associations such as the Canadian Red Cross and the Economic Development. Mr. Cayouette holds a Bachelor of Science in Chemical Engineering from the University of New Brunswick. Mr. Cayouette will be on the KPLP Governance Committee.

George J. Bunze, Director

George J. Bunze is Vice Chairman and a director of Kruger and a member of its Executive Committee and Chairman of the Audit Advisory Board Committee. From 1982 to 2003, Mr. Bunze was the Chief Financial Officer and a director of Kruger and was also the chief financial officer and a director of certain subsidiaries of Kruger. Prior to that time, Mr. Bunze held various senior financial and administrative positions within Kruger. Prior to joining Kruger in 1965, Mr. Bunze was employed by ITT (Canada) Limited. Mr. Bunze is a professional accountant and CPA, CMA (Certified Management Accountant). He graduated from the commerce certification CMA program at McGill University, Montreal, Québec. Mr. Bunze also holds directorships at Stella-Jones Inc. and Intertape Polymer Group Inc., both of which are reporting issuers in Canada, and is chairman of their respective audit committees. He was previously a director of B2B Trust Inc. and chairman of its audit committee. Mr. Bunze is on the advisory board of Factory Mutual Insurance Company.

David Spraley, Director

David A. Spraley is Executive Vice President and Chief Operating Officer of Kruger. Prior to joining Kruger, Mr. Spraley accumulated over 30 years of experience in the forest industry, both in the pulp and paper sector and the consumer products side of the business. Mr. Spraley started his career at Mead Corporation where he held positions of increasing responsibility from 1978 to 1991. He then joined Georgia-Pacific for the following 15 years, earning extensive experience, particularly in the consumer products division. The last position he held was Senior Vice President, Consumer Products Manufacturing. As such, he was responsible for six integrated manufacturing operations producing tissue, pulp and fine paper. Mr. Spraley joined AbitibiBowater (now Resolute Forest Products) in 2006, where he held various senior positions from 2006 to 2011. Most recently, he was Senior Vice President, Manufacturing, Pulp and Paper Operations, overseeing operations for 19 facilities in Canada, South Korea and the USA. These facilities produced bleached kraft pulp, coated paper, newsprint and hydroelectricity. Mr. Spraley holds a Bachelor of Science in Chemical Engineering from the University of Dayton. Mr. Spraley will be on the KPGP Compensation Committee.

Alexandre Patte, Director

Alexandre Patte joined Kruger in 2008 as Vice President, Business Development. In 2010, he was also named Treasurer of Kruger. In that capacity, he is responsible for Kruger’s strategic development (including mergers & acquisitions, major projects and financings) and overseeing Kruger’s treasury activities. Prior to joining Kruger, Mr. Patte occupied a position at the investment banking group of National Bank Financial for seven years, where he worked on mergers and acquisitions as well as on public and private financings for various corporations. Mr. Patte holds a Masters degree in Finance from HEC Montreal as well as a CFA designation.

Huw Thomas, Independent Director

Huw Thomas is a board member of Dollarama Inc. (sitting on the audit, nominating and compensation committees), Calloway Real Estate Investment Trust (sitting as chair of the audit committee and member of the investment committee) and Chartwell Seniors Housing Real Estate Investment Trust (sitting as chair of the audit committee), all of which are reporting issuers. Mr. Thomas is also the chair of the CICA Risk Oversight and Governance Board and serves on the board of Rodenbury Investments Ltd. From October 2009 to December 2010, Mr. Thomas was Executive Vice-President, Financial Strategy and Performance of Canadian Tire Corporation Ltd. And prior to that he was its Chief Financial Officer from October 2000 to October 2009. From October 2000 to December 2010, Mr. Thomas served as a senior member of the Executive Committee and advisor to the Chief Executive Officer of Canadian Tire Corporation on financial strategy and performance. Mr. Thomas holds a Bachelor of Science, Economics from the University of London and is a Chartered Accountant (United Kingdom and Canada). In 2007, he completed the Directors Education Program of the Rotman School of Management. Mr. Thomas will be Chairman of the Corporation Board and Corporation Audit Committee, on the Corporation Nominating Committee, Chairman of the KPGP Audit Committee and on the KPGP Governance Committee.

Michel Letellier, Independent Director

Michel Letellier is the President and Chief Executive Officer of Innergex Renewable Energy Inc. (“Innergex”). He first joined a predecessor entity of Innergex in 1997 as Vice President – Finance. He was appointed Executive Vice President and Chief Financial Officer in 2003, and later appointed President and Chief Executive Officer of Innergex in October 2007. Mr. Letellier is responsible for providing strategic leadership and overseeing all of the Innergex’s business activities, in order to ensure its sound financial management and long-term sustainability. Prior to joining Innergex, Mr. Letellier worked at Boralex Inc. from 1990 to 1997, where he was involved in the development and operation of several run-of-river hydroelectric projects and where he held positions of increasing responsibility. Prior to that, he spent two years as a member of the Corporate Finance group at Brault Guy O’Brien Inc. Mr. Letellier holds a Bachelor of Commerce (Finance) degree from Université du Québec à Montréal (1986) and a Master of Business Administration degree from Université de Sherbrooke (1988). Mr. Letellier sits on the Board of Directors of Innergex, a reporting issuer in Canada, as well as on the Boards of Directors of several partnerships co-owned by Innergex with First Nations and other external partners. Mr. Letellier will be on the Corporation Audit Committee, the Corporation Nominating Committee, the KPGP Audit Committee as well as the KPGP Compensation Committee.

Susan J. McArthur, Independent Director

Susan J. McArthur is a Senior Investment Banker at Jacob Securities Inc., an investment banking firm specializing in renewable energy, oil & gas, mining and infrastructure. Ms. McArthur has advised corporate clients on a broad range of transactions including acquisitions and divestitures, public and private equity and debt financing, capital restructuring and other strategic initiatives. Ms. McArthur has held positions with Rothschild Canada Limited in Toronto, Lazard Freres & Co in New York and Paris and The First Boston Corporation in New York. Ms. McArthur currently Chairs the Board of Management of the Canada Revenue Agency and sits on the board of directors of First Capital Realty (a reporting issuer), Chemtrade Logistics Inc., the Canadian Club of Toronto and Les Jardins de Métis Inc. Ms. McArthur has previously served as director on a number of boards including Globe Alive (Wind Mobile), Luminato, UBS Bank Canada, Orvana Minerals Inc, Bonus Resources Services and the Toronto International Film Festival. Ms. McArthur is a graduate of the University of Western Ontario. Ms. McArthur will be on the Corporation Audit Committee, the Corporation Nominating Committee, the KPGP Audit Committee and the KPGP Governance Committee.

Mario Gosselin, Director and Chief Executive Officer

Mario Gosselin was appointed Chief Executive Officer of KPLP in October 2012. From 2004 until his appointment as Chief Executive Officer, he was Chief Operating Officer of KPLP and in such capacity was responsible for all of the operations of KPLP. Since joining Kruger in 1978, Mr. Gosselin has held the positions of General Manager of Operations for Kruger Tissue UK, Corporate Vice President Finance and Assistant Chief Operating Officer for KPLP. Mr. Gosselin earned a Bachelor of Accounting Sciences from the Université du Québec à Trois-Rivières and an MBA from Concordia University.