2015 was a good year for Morneau Shepell. The Company continued on its steady path of solid business results and resilient operating performance. It also witnessed a number of changes at the board level - changes that we are confident will lead us to further success within the evolving human resources industry.
In October 2015, I was honoured to be appointed Chair of the Board of Morneau Shepell, after serving as a Director of the Company for seven years. Succeeding Executive Chair Bill Morneau, who made significant and lasting contributions to the Company, is a formidable undertaking, but it is one that I am excited to take on.
The board also recently welcomed three new members. Kevin Pennington, who joined in early 2015, is the Chief Human Resources Officer of Fiserv, Inc., and has held senior executive and human resources positions in both Canada and the United States. Dale R. Ponder, who joined in early 2016, is the National Managing Partner and Chief Executive of Osler, Hoskin & Harcourt LLP, and has extensive experience leading transactions relating to public and private merger and acquisition matters and advising boards of public companies. Ron Lalonde who also joined in early 2016, currently serves as a director of several companies, and prior to his retirement in 2010, held the roles of Senior Executive Vice President, Technology and Operations and Chief Administrative Officer of CIBC.
On behalf of the Board, I would like to thank Robert Chisholm for his ten years of service on the Board. His contribution to Morneau Shepell during a period of change and growth was invaluable, and we’ll miss his guidance.
I am pleased to be given the opportunity to work with our President and CEO, Alan Torrie. I am also confident in the commitment, expertise and experience of the Company’s executive team and 4,000 employees, who ensure that Morneau Shepell is able to deliver on its objective of profitable growth.
In 2016 Morneau Shepell celebrates its 50th year of business. Frank Morneau started W.F. Morneau and Associates in 1966 with a vision – that small and medium-sized businesses could pool their resources to create purchasing power for their employees’ health and benefits programs. At the time, these programs were largely only affordable by the largest organizations. Since then, Morneau Shepell has evolved into a company that helps all types of organizations build programs that increase the financial security, health and productivity of their employees. Much has changed in how we do this – technology is now fundamental to how we help our clients to manage their programs – but we’re proud that we’ve maintained this same vision of helping organizations and their employees for the past 50 years, and we’re committed to expanding this vision further in the future.
In closing, on behalf of the Board of Directors, I’d like to thank our shareholders, clients, employees and partners for their support in 2015. We are excited about the future of Morneau Shepell, and we are confident that under the leadership of the executive team we will chart the course for the next 50 years.
Chair of the Board