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.

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.

Michael Korenberg (Independent Director)

Michael Korenberg, a resident of West Vancouver, B.C., is the Managing Director of Wreath Group Holdings Inc., a private investment and M&A consulting firm. Mr. Korenberg is also a corporate director, who serves on the boards of directors of Canfor Corporation and its subsidiary, Canfor Pulp Products Inc. (both of which he chairs), Westshore Terminals Investment Corporation and The Jim Pattison Group, Inc. (a private company). Mr. Korenberg serves as Chair of the Canfor Capital Expenditure Committee and is on the Audit Committees of each board on which he serves. Mr. Korenberg also serves as Vice Chair of the Board of Governors of The University of British Columbia (and as Chair of its Finance Committee and Endowment Responsible Investment Committees, a member of the its Audit and Property Committees, the board of directors of UBC Investment Management Trust and UBC’s I.T. Advisory Committee). He is also a member of the Advisory Board of the Heart & Stroke Foundation of B.C. and the Yukon.

Mr. Korenberg is a member of the Law Societies of Upper Canada (Ontario) and British Columbia and the Dean’s Advisory Committee for the Centre for Business Law at UBC.

Until December 31, 2015, Michael was the Deputy Chair & Managing Director of The Jim Pattison Group (a privately-owned, diversified group of operating businesses, with revenues exceeding $9 billion and more than 40,000 employees), where Michael led corporate development efforts for 20 years. Prior to joining The Jim Pattison Group, Michael was Deputy Chair & Chief Operating Officer of Orca Bay Sports & Entertainment (owner of the Vancouver Canucks), which built General Motors Place (now Rogers Arena) and brought the Vancouver Grizzlies NBA franchise to Vancouver during Michael’s time with the company. Michael served as Vancouver’s Alternate Governor on the boards of the NHL and NBA. Prior to that, Michael was a student, associate and then partner of Blake, Cassels & Graydon LLP, having moved with the firm from Toronto to Vancouver when it opened its office in B.C. in April 1989.

Mr. Korenberg serves as Chair of KP Tissue’s Board of Directors, and as a member of the KP Tissue Audit Committee, the KPGP Audit Committee and the KPGP Governance Committee.

James Hardy (Independent Director)

James Hardy is Chairman of the Audit Committee and the Nominating Committee of KP Tissue Inc. He is also the Chairman of the Audit Committee and the Governance Committee of Kruger Products L.P.. Mr. Hardy is the Chief Financial Officer of Revera Inc.. Prior to joining Revera, Mr. Hardy was Chief Financial Officer at Public Mobile Inc. from 2009 to 2012. Mr. Hardy has over 25 years’ experience as a corporate executive, investment banker and entrepreneur, including the roles of Managing Director, Telecom Media and Technology at National Bank Financial and Chief Financial Officer of Call-Net/Sprint Canada.

Mr. Hardy holds an ICD D designation from the University of Toronto (2010); a Master of Business Administration degree, with distinction, from Ivey School of Business University of Western Ontario (1988), is a member APEG Professional Engineers and Geoscientists of British Columbia (1983), and holds a Bachelor of Applied Science in Electrical Engineering from the University of British Columbia (1982).

Mr. Hardy sits on the Board of Directors of Sunrise Senior Living.

Louise Denys Wendling (Independent Director)

Louise Denys Wendling is a retired executive with 30 years of retail experience. She began her career in the private sector in 1976 at The Hudson’s Bay Company. In 1986, Ms. Denys Wendling and two other colleagues founded Price Club which later merged with Costco Canada in 1993. Ms. Denys Wendling acquired significant experience in various roles in merchandising, operations and strategy including becoming the Country Manager of Costco Canada from 2001 to her retirement in May, 2014. Her strong leadership played a critical part in Costco Canada’s success.

Ms. Denys Wendling has previously served on the Boards of Costco Canada, Operations Enfants Soleil, the Children’s Hospital of Eastern Ontario and the Retail Council of Canada. She is a graduate from the University of Montreal with a BA in English literature. Ms. Denys Wendling has received numerous awards throughout her career including: Lifetime Achievement Award in 2016 by the Retail Council of Canada and CEO of the Year in 2012 by the Ottawa Business Journal.

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.

Gene Kruger, Director

Gene Kruger joined the family business in 2015 as Vice President, Business Development.

In this capacity, he is involved in the development of all of Kruger Inc.’s business units which include Tissue Products, Renewable Energy, Publication Papers, Specialty Papers, Containerboard, Eco-Friendly Packaging Products, Recycling, Cellulosic Biomaterials, Real Estate Development, and Wines and Spirits.

Prior to joining Kruger Inc., Gene Kruger was an associate with McCarthy Tétrault in Montréal, from 2008 to 2015, specializing in commercial, civil and administrative litigation.

Mr. Kruger graduated magna com laude with a law degree from McGill University and was called to the Québec Bar in December 2007. He also obtained a Bachelor of Philosophy with Honours from McGill in 2003.

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 is on the KPGP Compensation Committee.

Louise Denys Wendling, Independent Director

Louise Denys Wendling is a retired executive with 30 years of retail experience. She began her career in the private sector in 1976 at The Hudson’s Bay Company. In 1986, Ms. Denys Wendling and two other colleagues founded Price Club which later merged with Costco Canada in 1993. Ms. Denys Wendling acquired significant experience in various roles in merchandising, operations and strategy including becoming the Country Manager of Costco Canada from 2001 to her retirement in May, 2014. Her strong leadership played a critical part in Costco Canada’s success.

Ms. Denys Wendling has previously served on the Boards of Costco Canada, Operations Enfants Soleil, the Children’s Hospital of Eastern Ontario and the Retail Council of Canada. She is a graduate from the University of Montreal with a BA in English literature. Ms. Denys Wendling has received numerous awards throughout her career including: Lifetime Achievement Award in 2016 by the Retail Council of Canada and CEO of the Year in 2012 by the Ottawa Business Journal.

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.

Michael Korenberg, Independent Director

Michael Korenberg, a resident of West Vancouver, B.C., is the Managing Director of Wreath Group Holdings Inc., a private investment and M&A consulting firm. Mr. Korenberg is also a corporate director, who serves on the boards of directors of Canfor Corporation and its subsidiary, Canfor Pulp Products Inc. (both of which he chairs), Westshore Terminals Investment Corporation and The Jim Pattison Group, Inc. (a private company). Mr. Korenberg serves as Chair of the Canfor Capital Expenditure Committee and is on the Audit Committees of each board on which he serves. Mr. Korenberg also serves as Vice Chair of the Board of Governors of The University of British Columbia (and as Chair of its Finance Committee and Endowment Responsible Investment Committees, a member of the its Audit and Property Committees, the board of directors of UBC Investment Management Trust and UBC’s I.T. Advisory Committee). He is also a member of the Advisory Board of the Heart & Stroke Foundation of B.C. and the Yukon.

Mr. Korenberg is a member of the Law Societies of Upper Canada (Ontario) and British Columbia and the Dean’s Advisory Committee for the Centre for Business Law at UBC.

Until December 31, 2015, Michael was the Deputy Chair & Managing Director of The Jim Pattison Group (a privately-owned, diversified group of operating businesses, with revenues exceeding $9 billion and more than 40,000 employees), where Michael led corporate development efforts for 20 years. Prior to joining The Jim Pattison Group, Michael was Deputy Chair & Chief Operating Officer of Orca Bay Sports & Entertainment (owner of the Vancouver Canucks), which built General Motors Place (now Rogers Arena) and brought the Vancouver Grizzlies NBA franchise to Vancouver during Michael’s time with the company. Michael served as Vancouver’s Alternate Governor on the boards of the NHL and NBA. Prior to that, Michael was a student, associate and then partner of Blake, Cassels & Graydon LLP, having moved with the firm from Toronto to Vancouver when it opened its office in B.C. in April 1989.

Mr. Korenberg serves as Chair of KP Tissue’s Board of Directors, and as a member of the KP Tissue Audit Committee, the KPGP Audit Committee and the KPGP Governance Committee.

James Hardy, Independent Director

James Hardy is Chairman of the Audit Committee and the Nominating Committee of KP Tissue Inc. He is also the Chairman of the Audit Committee and the Governance Committee of Kruger Products L.P.. Mr. Hardy is the Chief Financial Officer of Revera Inc.. Prior to joining Revera, Mr. Hardy was Chief Financial Officer at Public Mobile Inc. from 2009 to 2012. Mr. Hardy has over 25 years’ experience as a corporate executive, investment banker and entrepreneur, including the roles of Managing Director, Telecom Media and Technology at National Bank Financial and Chief Financial Officer of Call-Net/Sprint Canada.

Mr. Hardy holds an ICD D designation from the University of Toronto (2010); a Master of Business Administration degree, with distinction, from Ivey School of Business University of Western Ontario (1988), is a member APEG Professional Engineers and Geoscientists of British Columbia (1983), and holds a Bachelor of Applied Science in Electrical Engineering from the University of British Columbia (1982).

Mr. Hardy sits on the Board of Directors of Sunrise Senior Living.

David Angel, Executive Vice President and Chief Financial Officer

Mr. David Angel started at Kruger Inc. in February 2013. He currently holds the position of Executive Vice President and Chief Financial Officer.

Before joining Kruger Inc. David was doing business development in Australia and New Zealand for the Bank of Nova Scotia, an organization he had joined in1997, initially as Account Officer within the Corporate Banking Division for two years, then as Director, Scotia Capital – Corporate Banking, from 1999 to 2012. As such, he assisted leading public and private companies in Québec, offering a wide range of expert services focused on lending products and other credit-intensive banking products and services.

His broad banking experience includes working on many large mergers and acquisitions in which the bank provided bridge and permanent financing. David holds four degrees from McGill University, namely an MBA and three Bachelor’s degrees in Arts, Civil Engineering and Civil Law. Prior to joining the Bank of Nova Scotia, while completing his extensive education, he worked as an Engineer-In-Training at Lavalin Inc. in Calgary, whereupon he earned his Professional Engineer (P. Eng.) designation.