Our Board of Directors (BOD) provides directional support to Tidewater’s leadership team. The BOD has the standard corporate governance responsibilities for a Canadian corporation including: setting corporate policy, ensuring ethical business practices, and regulatory compliance. The BOD acts within its mandate, and in its capacity and responsibilities for the formal board committees.
Tidewater has five BOD Members. Four are independent. The fifth is Tidewater's President, CEO and Chairman of the Board.
Joel A. MacLeod
President, CEO and Chairman of the Board
Mr. MacLeod has been a director and Chairman of the Corporation since February 4, 2015 and assumed the role of President and Chief Executive Officer of Tidewater on April 20, 2015. From August 2014 to March 2015, Mr. MacLeod was the Vice President, Rail of Secure Energy Services Ltd. From January 2012 to present, Mr. MacLeod was a founder of Highwood Oil Company Ltd. and served as a director from January 2012 to January 2019. Mr. MacLeod was also the founding Chief Executive Officer and majority shareholder of Predator Midstream Ltd. from January 2012 to the sale of the company in August 2014.
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Mr. Fraser has been a director of the Corporation since April 20, 2015 and was appointed Lead Director on November 13, 2017. Mr. Fraser was most recently the Chief Financial Officer at TAQA based in Abu Dhabi where he oversaw oil and gas and infrastructure assets with a value of greater than $30 billion. Prior to TAQA, Mr. Fraser was the Chief Financial Officer of PrimeWest Energy Trust at the time of its acquisition by TAQA for approximately $5 billion in cash. In roles previous to PrimeWest, Mr. Fraser was the Chief Financial Officer of Husky Energy and held senior roles at Petro-Canada and Imperial Oil. Mr. Fraser obtained his Chartered Accountant designation in 1983.
Mr. Fraser is a member of the Audit Committee (Chair) and a member of the Corporate Governance, Compensation, Nomination and Health, Safety and Environment Committee.
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Stephen J. Holyoake
Mr. Holyoake has been a director of the Corporation since February 4, 2015. Currently, Mr. Holyoake is the President and Chief Executive Officer of Fireweed Energy Ltd. Mr. Holyoake was Vice-President, Drilling and Completions at Tangle Creek Energy Ltd. from 2012 to 2017 and was the Vice President of Operations at SkyWest from 2010 to 2012. Prior to joining SkyWest, Mr. Holyoake was the Manager Drilling & Completions at Berens Energy Ltd. Mr. Holyoake is a director of Highwood Oil Company Ltd.
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Margaret (Greta) Raymond
Ms. Raymond has been a director of the Corporation since May 25, 2017. Ms. Raymond is an experienced environment, health and safety and human resources professional with many years in the oil and gas industry. Since 2009, Ms. Raymond has been the President of her own consulting firm and, in this capacity, acts as a consultant and advises corporate Boards of Directors and Executives on operational and environment, health and safety risk management and governance. Ms. Raymond was formerly Vice President Environment, Safety and Social Responsibility with Petro-Canada from 2006 to 2009. She was responsible globally at Petro-Canada for environment, health, employee assistance programs, safety, aboriginal affairs, security, stakeholder relations, emergency response and crisis management as well as corporate responsibility.
Ms. Raymond is on the board of directors of Centre for Affordable Water and Sanitation Technology, a non-profit that brings clean water to the very poor in 63 countries around the world, the Alberta WaterPortal Society, and the Calgary Opera Association.
Ms. Raymond holds her B.A. in Human Biology from Stanford University, (Palo Alto, CA) and her Masters of Public Health, Environmental Health, from the University of California (Berkeley, CA). She also holds her ICD.D designation from the Institute of Corporate Directors, Directors Education Program, University Calgary, Haskayne School of Business (2007).
Ms. Raymond is a member of the Audit Committee and a member of the Corporate Governance, Compensation, Nomination and Health, Safety and Environment Committee (Chair).
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Mr. Colcleugh has been a director of Tidewater since May 25, 2017.
Mr. Colcleugh has been the Chairman of the Board of Beyond Energy Services & Technology Corp., (“Beyond”) a managed pressure drilling service company since Aug 2017. Prior thereto, Mr. Colcleugh was the Chief Executive Officer of Beyond from January 2017 until August 2017.
Mr. Colcleugh was the Chief Executive Officer and Director of Iron Bridge Resources, a Toronto Stock Exchange listed oil and gas producer, from January, 2017 until its sale in October 2018.
Prior thereto, he was Managing Director of Investment Banking for Macquarie Capital Markets Canada Ltd. (a division of Macquarie Bank) from 2009 until January 2017. Prior thereto, he was one of the founders of Tristone Capital Inc., a global energy investment banking boutique that was purchased by Macquarie in 2009.
Over the last 16 years Mr. Colcleugh has provided financing, mergers, acquisitions and divestiture advisory services to a broad array of energy companies in the domestic Canadian, international, midstream and technology industries.
Prior to his involvement in capital markets, he managed Duke Energy’s Power business in Ontario and their capital business in Canada where he deployed the utility’s balance sheet and created structured products around natural gas and power streams for customers.
Mr. Colcleugh began his career in portfolio management with a focus on high yield debt and energy equities after graduating from the University of Western Ontario’s Ivey Business School with an MBA in 1997. Mr. Colcleugh also holds a B.A. in Economics from the University of Western Ontario.
Mr. Colcleugh is a member of the Audit Committee and a member of the Corporate Governance, Compensation, Nomination and Health, Safety and Environment Committee.
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