Directors and Officers
Cymbria’s Board of Directors (the "Board") is elected by Cymbria’s voting shareholders. The Board is responsible for overseeing the management of Cymbria’s business and affairs.
Qualification of members
The majority of the Board of Directors must be independent. The Board must consist of a minimum of three and a maximum of 10 directors and is currently composed of six directors, four of whom are unrelated directors within the meaning of the rules of the TSX and “independent” within the meaning of applicable securities legislation. Directors are appointed to serve until the time that they retire or are removed and successors are appointed.
Chairman of the board
The Chairman of the Board of Directors provides leadership to the Board to ensure it functions effectively. Key responsibilities include:
Chairing Board meetings and ensuring they’re conducted efficiently and effectively.
Ensuring the Board is able to function independently from management, that responsibilities are understood and boundaries are respected
Taking a leadership role in maintaining effective communication
Coordinating with the Corporate Secretary to set the Board agenda and meetings and ensuring that the Board receives the appropriate quantity and quality of information in a timely manner to enable it to make informed decisions
Facilitating candid Board discussions, ensuring all directors express their views on key Board matters and assisting the Board in achieving a consensus
Helping ensure that action items established by the Board are tracked and appropriate follow-up action is taken as necessary
Overseeing compliance with governance policies of the Board regarding conduct of meetings, managing and reporting information
Patrick Farmer, Chairman
Patrick Farmer is Chairman of the Board of Directors of Cymbria and Chairman of the Board of Directors and Chief Operating Officer of EdgePoint Investment Group, and Chief Executive Officer of EdgePoint. He holds the Chartered Financial Analyst designation and has over 30 years’ experience in the investment industry, including approximately 14 years as an investment manager and Chief Investment Officer at Trimark Investment Management and AIM Trimark Investments. Prior to joining Trimark in 1993, he spent seven years as a Fixed-Income Portfolio Manager/Trader/Analyst with Crown Life Investment Management and Crown Life Insurance Company.
Ugo Bizzarri, CFA
Ugo Bizzarri is a Co-Founder, Director and Managing Director, Portfolio Management and Investments, of Timbercreek Asset Management Inc. and several of its subsidiaries and related entities. Prior to co-founding Timbercreek, Ugo was in Portfolio Management at Ontario Teachers’ Pension Plan Board. He’s a graduate of the Richard Ivey School of Business and holds the Chartered Financial Analyst designation.
James MacDonald was Chairman and Managing Partner of Enterprise Capital Management Inc. from 1997 to 2009. Prior to 1997 he was Deputy Chairman of ScotiaMcLeod Inc.
Reena Carter, CA, CPA, CBV, C.Dir**
Reena Carter is Executive Vice-President and Global Head of Assurance & Advisory at Ontario Municipal Employees Retirement System (OMERS), one of Canada’s largest defined benefit pension plans. Prior to joining OMERS in 2016, she was with Borealis Infrastructure for 13 years where she assumed progressively senior finance roles, including Chief Financial Officer. From 1999 to 2003, she worked in both the assurance and advisory practices at KPMG LLP. Reena is a Chartered Professional Accountant, Chartered Accountant, a Chartered Business Valuator and a Chartered Director.
Edward J. Waitzer*
Mr. Waitzer was Chair of Stikeman Elliott LLP from 1999 to 2006 and was a senior partner until his retirement in 2021. He remains affiliated with the firm and his practice continues to focus on complex business transactions and a range of public policy and governance matters. He is a Professor Emeritus and was the Jarislowsky Dimma Mooney Chair in Corporate Governance and Director of the Hennick Centre for Business and Law at Osgoode Hall and the Schulich School of Business at York University from 2008 until 2020. He served (1993-1996) as Chair of the Ontario Securities Commission and (until 1981) as Vice-President of The Toronto Stock Exchange. He has written and spoken extensively on a variety of legal and public policy issues and serves or has served as director of a number of corporations, foundations, community organizations, editorial boards and advisory groups. He is a Senior Fellow at the C.D. Howe Institute and the Centre for International Governance Innovation (CIGI) and was an inaugural fellow of the American College of Governance Counsel. Recipient of 2018 Corporate Knights Award of Distinction. He earned his LL.B. (1976) and LL.M. (1981) from the Faculty of Law, University of Toronto. Called to the Ontario (1978) and the New York (1985) Bars.
*Member of the Audit Committee.
**Chair of the Audit Committee.
Tye Bousada is a founding partner, President and co-CEO of EdgePoint Investment Group Inc. Also, Tye is Portfolio Manager of EdgePoint Global Portfolio, EdgePoint Canadian Portfolio, EdgePoint Global Growth & Income Portfolio and EdgePoint Canadian Growth & Income Portfolio. He is Director of EdgePoint Wealth Management Inc. He holds the Chartered Financial Analyst designation and has over 20 years’ experience in the investment industry including nine years as a Vice President and Portfolio Manager at Invesco Ltd. (formerly Trimark Investment Management). Prior to joining Invesco in 1999, Tye was a Junior Analyst and then a Portfolio Manager at Ontario Teacher’s Pension Plan Board.
Geoff MacDonald is a founding partner, CIO and co-CEO of EdgePoint Investment Group Inc., and CIO of EdgePoint Investment Management Inc. Also, Geoff is Portfolio Manager of EdgePoint Global Portfolio, EdgePoint Canadian Portfolio, EdgePoint Global Growth & Income Portfolio and EdgePoint Canadian Growth & Income Portfolio. He holds the Chartered Financial Analyst designation and has over 22 years’ experience in the investment industry, including ten years as a Portfolio Manager and Vice President at Invesco Ltd. (formerly Trimark Investment Management). Prior to joining Invesco in 1998, Geoff was a Portfolio Manager at Ontario Teacher’s Pension Plan Board.
Diane Rossi is Cymbria’s Corporate Secretary and EdgePoint Investment Group’s Director of Operations. From 2006 to 2008, she led the Client Administration department for Burgundy Asset Management where she was responsible for servicing institutional and high-net-worth private clients. Prior to joining Burgundy, she was employed by Trimark Investment Management since April 1992 where she held the position of Assistant Vice President of Operations since 1999. During her 14-year career at Trimark, she was instrumental in building the back office administration team. Diane has a history of implementing innovative solutions to maximize operational efficiencies and creating a culture focused on the provision of superior service.
Norman Tang is Chief Financial Officer of Cymbria and Director of Finance of EdgePoint Investment Group. Prior to joining EdgePoint in 2009, he was a Senior Manager for KPMG LLP’s Financial Institutions and Real Estate assurance practice where he worked from 2000 to 2009. Norman is a Chartered Professional Accountant, Chartered Accountant.