Board of Directors

  • Board Of Directors Bg

ClearStream’s Board of Directors is currently comprised of six members: Sean McMaster (Chair), Jordan Bitove, Herbert Fraser Clarke, Karl Johannson, Dean MacDonald and Yves Paletta. Based on the definition of “independence” contained in National Instrument 58-101 “Disclosure of Corporate Governance Practices” and a review of applicable factual circumstances, each of the directors is independent, other than Mr. MacDonald who previously served as an executive officer of ClearStream, and Mr. Paletta who currently serves as Chief Executive Officer of ClearStream.

The Board of Directors is responsible for the overall stewardship of ClearStream. The primary functions of the Board are to: (i) adopt a strategic planning process designed to achieve ClearStream’s principal objectives; (ii) supervise the management of the business and affairs of ClearStream with the goal of achieving its principal objectives; and (iii) discharge the duties of the Board of Directors imposed by applicable laws. The Board has adopted  a written charter that sets out its responsibililties and duties.

Sean McMaster

Mr. McMaster has been a member of the Board of Directors of ClearStream since September 2014. He was appointed as the independent Chairman (non-executive) of the Board of Directors of Clearstream in January 2019.

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Dean MacDonald

Mr. MacDonald has been a member of the Board of Directors of ClearStream since December 2008. He was Executive Chairman of the Board from June 2015 to January 2019. Mr. MacDonald is the former President and Chief Executive Officer of the Corporation, having held those roles from December 2008 to June 2015. He also served as Interim Chief Executive Officer of ClearStream from June 2017 to August 2018.

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Herbert Fraser Clarke

Mr. Clarke has been a member of the Board of Directors of ClearStream since October 2013. He is the Chair of the Audit Committee.

Mr. Clarke is the President and Chief Executive Officer of Massage Addict Incorporated, a retailer of massage services. He is also currently a board member of Axis Auto Finance Inc.

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Jordan L. Bitove

Mr. Bitove has been a member of the Board of Directors of ClearStream since November 2013.

Mr. Bitove is the Managing Director of Bitove Capital, a private equity and real estate group located in Toronto. 

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Karl Johannson

Mr. Johannson has been a member of the Board of Directors of ClearStream since February 2019. He is the Chair of the Health, Safety and Environment Committee, and the Corporate Governance and Compensation Committee.

Mr. Johannson is a retired businessman with extensive commercial and operational experience in the upstream and midstream market segments, including natural gas and energy pipelines, as well as in electricity generation and specialty chemicals. 

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Yves Paletta

Mr. Paletta has been a member of the Board of Directors of ClearStream since June 2020. He also serves as Chief Executive Officer, having joined the team in 2018 to provide strategic direction, create long-term shareholder value, and generate profitable growth.

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