Board of Directors
Delma’s Executives and Senior Leadership Team have decades of combined experience in driving the portfolio value at the stages of acquisition, development and operations. The Management Team is fully committed and have invested over 85% of the capital in the Company as at the RTO Date.
Mr. Yves Séguin, Chairman:
With over 40 years of experience in business, government and institutions, Yves Séguin is recognized for the extent of his business network and his in-depth understanding of regulatory issues, the machinery of government, and fiscal policy. A well known negotiator, he has participated in many major transactions. As a seasoned administrator, he has served on the boards of public and private companies. He was also recently appointed to the board of directors for the COGIR Group, an important real estate company in Québec.
Yves, who was Finance Minister for the government of Québec (2003- 2005) and Minister of Revenue and Labour (1987-1992), was also notably president of the commission on fiscal imbalance (2001-2002) and has occupied director positions with the Bank of Montreal and Vivendi Group in France. A lawyer since 1976, he has also practised in important business law firms over the course of his career. Since 2008, he has been the president of SNCO Finance, a financial advising and business services firm that works with financial institutions and private financial group.
Mr. Henri Petit, President & CEO:
Mr. Petit is a Lawyer by profession (Business Law) since 1991. He started practicing law with the law firm Guy & Gilbert in Montreal, before starting his own law office. As president and CEO of GHP Group since 1996, has been acting as developer and managing partner in various commercial, industrial and multi-residential real estate developments or redevelopments, developing and owning over $ 200 million in projects. Mr. Petit has also acted as executive on various executive committees and as business consultant for various private companies in the 1990s and early 2000s. Mr. Petit has extensive experience in real estate acquisitions, leasing, financing and management.
Mr. Joseph Cianci, Independent Director:
Mr. Cianci has obtained his CPA, CA since 1986 and presently manages his CPA practice. He has extensive experience in banking, finance, taxation and management advisory services gained through his years at DBO Dunwoody, Raymond Chabot Grant Thornton and previous positions over the past 35 years as the CFO of a financial services trust, a publicly listed real estate company, privately owned retail and real estate companies. Currently advises on a consulting basis several companies listed on public exchanges and is a trustee for several privately held family trusts.
Mr. François Castonguay, Independent Director:
Mr. Castonguay is the former President & CEO of the Uniprix Group, a leading Canadian Pharmaceutical Company. He has a rich and diverse background in business, finance and retail. He is currently working as a consultant and strategic advisor to meet the needs of several companies, financial institutions and boards of directors in these areas. He graduated with a degree in Business Administration and advanced in finance at York University in Toronto.
He began his practice as Director and then Vice-President at CitiBank Canada in financing medical equipment, leasing, medical, dental, hospitals, medical clinics and pharmacies. It is during these years that, wishing to put in place a financing adapted to the reality of its clients in the field of health, he introduced the concept of financing of goodwill in Quebec, thus creating new clusters of economic growth and growth among healthcare entrepreneurs.
He then joined the Uniprix Group, where he served as Executive Vice President (for 5 years) and then as President and Chief Executive Officer (for 15 years). During his time, he was involved in the implementation of the major transaction to acquire Cumberland Pharmacies. He also increased the number of Uniprix Group pharmacies from 147 to 374, and the banner turnover from $437 million to more than $1.9 billion.
Mr. Castonguay has always been committed to being involved in his economic and social environment with boards of directors and foundations. He was a member of the IUSSM (Louis H. Lafontaine) as Chairman of the Board of Directors for more than 11 years and is very active with the following foundations: Cystic Fibrosis (Governor), Charles Bruneau, Cancer Research Society of Canada, Arthritis Society, Heart and Stroke Foundation, Longueuil Symphony Orchestra (Governor), Pierre-Boucher Hospital and Charles-Lemoyne Hospital.
Mr. Guy Charette, Independent Director:
Me Charette is a corporate finance lawyer with over thirty years’ experience in the areas of securities, corporate finance as well as mergers and acquisitions in Toronto and Montreal.
Although primarily involved in the resource sector, he has also been involved in other areas such as medical technologies, industrial companies as well as having acted for many underwriters on various types of securities offerings. His corporate finance activities have included projects in many parts of the world including Africa, Europe and South America.
Me Charette has a particular expertise in developing innovative financial structures designed to match the need of both issuers and investors. In addition, he has also served on many boards of directors over the years as well as having presented lectures on corporate and project finance to law students.
Mr. Micheal Kozub, Independent Director:
Me Michael Kozub’s principal areas of practice are securities, corporate finance, mergers and acquisitions and corporate/commercial law. Me Kozub acts for issuers, investment dealers and investors, and he advises clients in connection with a variety of matters, including equity and debt financings, going public transactions, equity and debt restructurings, corporate reorganizations, asset and share acquisitions and dispositions, and commercial agreements.
Me Kozub also provides advice and assistance to reporting issuers on their on-going corporate governance, continuous disclosure and other corporate and securities law obligations.
Prior to returning to private practice, Me Kozub served, for a number of years, as General Counsel to a mineral exploration company listed on the Toronto Stock Exchange. He now advises clients across a range of industry sectors, including mining, resource exploration, cannabis and financial services.