Board of Directors

Board of Directors

Meet Our Board

Our Board of Directors currently has 9 members, 8 of whom are independent and all of whom have the necessary skills and relevant experience to serve the best interests of our stakeholders. This number allows diversity of opinion without hindering effective discussion.

Richard G. Roy
Chair of the Board (Director since 2018)

Mr. Roy, FCPA, FCA, has more than 35 years of experience in accounting, finance, distribution, mergers and acquisitions. He joined Uni-Select Inc., an automotive parts distributor, in 1999 and was Vice President, Administration and Chief Financial Officer until 2007. He was appointed Vice President and Chief Operating Officer in 2007, and became President and Chief Executive Officer in 2008 until he retired in 2015.

Jeffrey S. Chisholm
Corporate Director (since 2011), Vice Chair,
Chair of Human Resources and Health and Safety Committee

Mr. Chisholm has had a 30-year career in financial services. He was Vice Chair, Electronic Financial Services, and Vice Chair (Personal Commercial Client Group), Bank of Montreal from 1997 until his retirement in 2001. Before that, he held progressively senior positions at Bank of Montreal, including 23 years at Harris Bank in the U.S. Mr. Chisholm holds a B.Sc. and a B.A. from Georgetown University.

Peter J. Blake
Corporate Director (since 2019), Chair of Environmental, Social and Governance Committee

Mr. Blake, FCPA, FCA, is a business leader with more than 30 years of experience. He spent 23 years at Ritchie Bros. Auctioneers Inc., serving as Chief Executive Officer from 2004 to 2014 and Chief Financial Officer from 1997 to 2004. From 2014 to 2018 he was the Chief Executive Officer of WesternOne, Inc. Mr. Blake is a graduate of the University of Alberta (B.Comm).

Benjamin D. Cherniavsky
Corporate Director (since 2021)

Mr. Cherniavsky served as a senior investment analyst at a global investment bank, at Canada’s Department of Finance and at the University of Toronto’s International Centre for Tax Studies at the Rotman School of Management during his 25-year career. For 22 years he was Managing Director, Equity Analyst & Head of Industrials Research at Raymond James. Mr. Cherniavsky is a graduate of the Richard Ivey School of Business at Western University (MBA) and the University of Alberta (BA).

Cathryn E. Cranston
Corporate Director (since 2013), Chair of Audit Committee

Ms. Cranston served in leadership roles within the financial services industry for over 30 years. She was Senior Vice President and Treasurer at the Bank of Montreal from 2009 until her retirement in 2017. Before that, she held progressively senior positions at Bank of Montreal, including roles in corporate banking, capital markets, risk management, asset management, finance, financial strategy and treasury. Ms. Cranston is a graduate of the University of Manitoba (M.B.A., B.Comm. (Hons.) and the Institute of Corporate Directors Director Education Program.

Sharon L. Hodgson
Corporate Director (since 2019)

Ms. Hodgson has had a 30 year career in professional services business worldwide with IBM Business Consulting, PwC and Andersen Consulting. She held progressively more senior positions in IBM’s Global Services group from 2001 to 2018, and served as the Global Consulting Leader, Cognitive, Watson and Advanced Analytics and GBS from 2017-2018. She is currently Dean, Ivey Business School, Western University. Ms Hodgson has an M.B.A. from the Wharton School of Business, University of Pennsylvania and a B.Comm. from the University of Manitoba.

Mike McMillan
President and Chief Executive Officer

Mr. McMillan became President and CEO of Toromont Industries Ltd. in October of 2023, having previously held the position of EVP and CFO since March of 2020.  Prior to joining Toromont, he served as SVP & CFO for Parkland Corp. and has over 25 years of finance and operations experience in public and private companies including telecom, farm equipment, and energy distribution.  Mr. McMillan is a CPA and holds a degree in Economics and Chemistry from the University of Manitoba, an MBA degree from the University of Calgary.

Frederick J. Mifflin
Corporate Director (since 2022)

Mr. Mifflin has more than 30 years’ experience in a wide range of financial services. He is the current Vice Chair at Blair Franklin Capital Partners, an independent investment banking and financial advisory firm. Prior to that, he served as Vice Chair and Global Head of Investment and Corporate Banking at BMO Capital Markets, after holding progressively senior positions from 1989 to 2007, including Global Head of Mining and Metals. Mr. Mifflin holds an M.B.A., Finance and Econometrics from the University of Chicago, USA, and a B.Comm. (Hons), Finance from Queen’s University.

Katherine A. Rethy
Corporate Director (since 2013)

Ms. Rethy is experienced in procurement, risk management, supply chain, insurance information systems and facilities. From 1996 until 2006 Ms. Rethy was an Executive with the Noranda/Falconbridge organization where she was Senior Vice President, Global Services, with responsibility for information systems, strategic sourcing, logistics, insurance, enterprise risk and facilities. Prior to Noranda/Falconbridge, she had various executive roles at DuPont Canada Inc. Ms. Rethy has a J.D. from the University of Windsor, an M.B.A. from York University, an M.A. from Lancaster University, a B.Sc. from the University of Toronto and is a graduate of the Institute of Corporate Directors Director Education Program.