Exchange Income Corporation

Dun­can D. Jes­si­man
Exec­u­tive Vice-​​Chairman
Direc­tor of Exchange
Chair­man of the Cor­po­rate Gov­er­nance Committee

Mr. Jes­si­man has prac­ticed law since June, 1973 spe­cial­iz­ing in cor­po­rate, com­mer­cial and secu­ri­ties law, and was for­merly a part­ner at the law firm of Aikins, MacAulay & Thor­vald­son LLP where he con­tin­ues to serve as Coun­sel to the law firm. Sub­se­quent to the suc­cess­ful com­ple­tion of the Company’s qual­i­fy­ing trans­ac­tion and later the acqui­si­tion of Kee­watin Air Lim­ited, Mr. Jes­si­man joined the Exchange man­age­ment team on August 1, 2005 on a full-​​time basis as Chief Exec­u­tive Offi­cer. On June 28, 2006, Mr. Jes­si­man stepped down as Chief Exec­u­tive Offi­cer and became the Exec­u­tive Vice-​​Chairman in charge of spe­cial projects. Mr. Jes­si­man con­tin­ues to play a key role in the strat­egy of the Company.

Michael C. Pyle
Pres­i­dent and Chief Exec­u­tive Offi­cer
Direc­tor of Exchange

Mr. Pyle has spent eight years as a mer­chant banker spe­cial­iz­ing in financ­ing LBO, MBO and rapid growth com­pa­nies. Mr. Pyle became the Pres­i­dent and Chief Finan­cial Offi­cer on a full-​​time basis on May 7, 2004 and on June 28, 2006 was pro­moted to Chief Exec­u­tive Offi­cer. Mr. Pyle is respon­si­ble for mon­i­tor­ing the oper­at­ing com­pa­nies and ensur­ing that they are run­ning in accor­dance with their strate­gic and oper­at­ing plans as well as within their finan­cial bud­gets. Mr. Pyle is also respon­si­ble for arrang­ing financ­ing for the Com­pany and the subsidiaries.

Adam S. Ter­win
Chief Finan­cial Officer

Mr. Ter­win, a Char­tered Accoun­tant for­merly of Deloitte & Touche LLP, joined the Exchange man­age­ment team on a full-​​time basis on July 11, 2005 and has since earned his Char­tered Finan­cial Ana­lyst des­ig­na­tion. On June 28, 2006, Mr. Ter­win was pro­moted to Chief Finan­cial Offi­cer. Mr. Ter­win is respon­si­ble for the finan­cial over­sight of the Com­pany and its subsidiaries.

Dar­win R. Spar­row
Vice Pres­i­dent and Chief Oper­at­ing Offi­cer — Manufacturing

Mr. Spar­row spent 18 years in the man­u­fac­tur­ing indus­try prior to join­ing Exchange, with a proven track record of man­ag­ing com­pa­nies to reach their full poten­tial. Mr. Spar­row has exten­sive expe­ri­ence in man­ag­ing multi plants with cross-​​border oper­a­tions. Mr. Spar­row joined the Com­pany on a full-​​time basis on March 1, 2008 as Vice-​​President and Chief Oper­at­ing Offi­cer of Man­u­fac­tur­ing and is respon­si­ble for all oper­a­tions with Exchange’s man­u­fac­tur­ing segment.

Carmele N. Peter
Chief Admin­is­tra­tive Officer

Ms. Peter, a lawyer, prac­ticed in the area of merg­ers and acqui­si­tions and tax at Aikins, MacAulay & Thor­vald­son LLP for over 23 years prior to join­ing Exchange in Novem­ber of 2012. She was legal coun­sel and an advi­sor to Exchange since its incep­tion. Dur­ing her legal career she rep­re­sented a num­ber of clients for whom she was a val­ued advi­sor and was involved in a many sig­nif­i­cant trans­ac­tions includ­ing the sale of Craig Media Inc., the acqui­si­tion of All­stream Inc., the sale of MTS’s yel­low pages direc­tory busi­ness and the acqui­si­tion of the Win­nipeg Jets. Ms. Peter is respon­si­ble for over­see­ing acqui­si­tions, admin­is­tra­tive man­age­ment and assist­ing in devel­op­ing and imple­ment­ing cor­po­rate ini­tia­tives and strategies.

Michael J. Swis­tun
Direc­tor of Acquisitions

Mr. Swis­tun, a CFA, spent six years as an invest­ment banker with Welling­ton West Cap­i­tal Inc. spe­cial­iz­ing in IPO’s, Pri­vate Place­ments of Equity, Sub Debt and Debt for high growth pri­vate and pub­lic com­pa­nies. Prior to join­ing Exchange, Mr. Swis­tun man­aged a fam­ily owned aggre­gate com­pany and had pre­vi­ously man­aged a pri­vate, inter­na­tional, dig­i­tal media startup com­pany. Mr. Swis­tun founded and con­structed the pri­vately held Grand Pines Golf Course north of Win­nipeg. Mr. Swis­tun joined the Exchange man­age­ment team on a full-​​time basis on Sep­tem­ber 1, 2011 and is respon­si­ble for iden­ti­fy­ing com­pa­nies to acquire and coor­di­nates the due dili­gence process for the poten­tial acquisitions.

Jeremy Bomhof
Man­ager, Tax Reporting

Jeremy Bomhof, a Char­tered Accoun­tant for­merly of Deloitte & Touche LLP, joined the Exchange man­age­ment team on Feb­ru­ary 23, 2009. Mr. Bomhof is respon­si­ble for the tax plan­ning and com­pli­ance activ­i­ties. This includes ensur­ing that the struc­ture of Exchange remains tax effi­cient and that acqui­si­tions are accom­plished in a tax effec­tive manner.

Ran­bir Dhillon
Direc­tor of Integration

Mr. Dhillon, a Char­tered Accoun­tant, joined the Exchange man­age­ment team in the fall of 2011 and came from Deloitte & Touche LLP with sev­eral years of expe­ri­ence in a Senior Man­age­ment role. Mr. Dhillon’s respon­si­bil­ity with Exchange is work­ing directly with our largest sub­sidiary, WesT­ower Com­mu­ni­ca­tions, in a dual report­ing role that incor­po­rates both Oper­a­tions and Finance dur­ing WesTower’s growth in the wire­less com­mu­ni­ca­tions industry.

Stephen C. Ell­wein
Direc­tor of Spe­cial Projects — Operations

Mr. Ell­wein joined the Exchange man­age­ment team on Feb­ru­ary 23, 2007 and pro­vides mar­ket­ing and busi­ness exper­tise to Exchange and its subsidiaries.

Cheryl Lawrence
Direc­tor of Spe­cial Projects

Ms. Lawrence, a Char­tered Accoun­tant for­merly of AFD Man­age­ment Advi­sory Ser­vices, joined the Exchange man­age­ment team on a full-​​time basis on July 31, 2006. Ms. Lawrence pro­vides Exchange’s sub­sidiaries with account­ing and busi­ness exper­tise on a project-​​by-​​project basis.

Carmine Lisi
Man­ager, Con­trols and Risk

Mr. Lisi, a Char­tered Accoun­tant and Cer­ti­fied Infor­ma­tion Sys­tems Audi­tor (CISA) for­merly of Price­wa­ter­house­C­oop­ers LLP, joined the Exchange man­age­ment team on a full-​​time basis on Octo­ber 1, 2011. Mr. Lisi is respon­si­ble for the inter­nal con­trols over finan­cial report­ing and risk man­age­ment activ­i­ties within the Com­pany and its sub­sidiaries, as well as the due dili­gence process for poten­tial acquisitions.

David J. Patrick
Man­ager, Finan­cial Reporting

Mr. Patrick, a Char­tered Accoun­tant for­merly of ACE Avi­a­tion Hold­ings Inc. and Price­wa­ter­house­C­oop­ers LLP, joined the Exchange man­age­ment team on a full-​​time basis on June 25, 2007. Mr. Patrick is respon­si­ble for inter­nal and exter­nal finan­cial report­ing and is also involved in the due dili­gence process for poten­tial acquisitions.

Lor­raine Richards
Asso­ciate Man­ager, Risk and Controls

Ms. Richards, a Cer­ti­fied Infor­ma­tion Sys­tems Audi­tor (CISA) for­merly of Deloitte & Touche LLP, joined the Exchange man­age­ment team on a full-​​​​time basis on May 14, 2012. Ms. Richards is respon­si­ble for assist­ing with  inter­nal con­trols over finan­cial report­ing and risk man­age­ment activ­i­ties within the Com­pany and its sub­sidiaries, as well as the due dili­gence process for poten­tial acquisitions..

Bre­anne Routly
Asso­ciate Man­ager, Risk

Ms. Routly, a Char­tered Accoun­tant for­merly of Grant Thorn­ton, joined the Exchange man­age­ment team on a full-​​time basis on Novem­ber 17, 2008. Ms. Routly is respon­si­ble for assist­ing with inter­nal con­trols over finan­cial report­ing within the Com­pany and its sub­sidiaries as well as the due dili­gence process for the poten­tial acquisitions.

Dianne M. Spencer
Man­ager, Com­pli­ance
Cor­po­rate Sec­re­tary of Exchange

Ms. Spencer joined the Exchange man­age­ment team on August 1, 2005 as the Man­ager, Com­pli­ance. Prior to join­ing Exchange, she was employed at Aikins, MacAulay & Thor­vald­son as a legal assis­tant spe­cial­iz­ing in cor­po­rate, com­mer­cial and secu­ri­ties law. Ms. Spencer is largely respon­si­ble for mon­i­tor­ing the Cana­dian own­er­ship of the Corporation’s shares and report­ing to the Cana­dian Trans­porta­tion Agency on a reg­u­lar basis. As well, Ms. Spencer is respon­si­ble for ensur­ing that all fil­ing require­ments are met in rela­tion to the shares, any secu­ri­ties mat­ters and all cor­po­rate fil­ings for the Com­pany and its sub­sidiaries. Ms. Spencer became the Cor­po­rate Sec­re­tary of Exchange on May 14, 2008.

Richard Wowryk
Asso­ciate Man­ager, Finan­cial Reporting

Mr. Wowryk, a Char­tered Accoun­tant for­merly of KPMG LLP, joined the Exchange man­age­ment team on a full-​​time basis on April 16, 2012. Mr. Wowryk is respon­si­ble for assist­ing with inter­nal and exter­nal finan­cial report­ing and is also involved in the due dili­gence process for poten­tial acquisitions.