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About Us Board of Directors

Gregory BaylinChair (1)(2*)(4)

Director Since 2011

Gregory Baylin is a Managing Director at ONCAP, ONEX Corporation’s mid-market private equity platform. He joined ONCAP in 2000. Previously, he worked for more than five years in Bank of Nova Scotia’s investment banking unit. Mr. Baylin holds a Bachelor of Commerce (Honours) from Queen’s University.

Pat BellVice Chair (1*)(2)(3)(4)

Director Since 2015

Pat Bell is a consultant in the natural resources sector with experience in both the public and private sectors. In 2014, he was an Executive Vice President with Conifex Timber Inc., a forestry company listed on the TSX Venture Exchange. He continues to serve as a director of Conifex. Between 2001 and 2013, Mr. Bell served three terms as a member of the Legislative Assembly of British Columbia, including serving as Minister of Forests from 2008 to 2011 and Minister of Jobs, Tourism and Innovation from 2011 to 2013.

Duncan DaviesChief Executive Officer & Director (1)

Director Since 2020

Duncan Davies is the Chief Executive Officer and Board of Director member for Pinnacle Renewable Energy. Mr. Davies has more than 40 years of experience in the forest products industry and in corporate and investment banking. From 2000 to 2019 he served as the President & CEO of Interfor Corporation, a growth-oriented lumber company with operations in Canada and the United States. He holds a Bachelor of Arts (Economics) from the University of Victoria and a Master of Science (Forest Economics) from the University of British Columbia. Mr. Davies is active in a number of forest industry associations including serving as Vice-Chair of the Binational Softwood Lumber Council.

Michael LayDirector (2)(4)

Director Since 2012

Michael Lay is the Managing Partner of ONCAP, ONEX Corporation’s mid-market private equity platform. He joined ONCAP in 2000 and has worked in the private equity business for more than 25 years. Prior to joining ONCAP, he served as Senior Vice President, Private Equity at Ontario Teachers’ Pension Plan Board for more than eight years. He was also Chief Financial Officer and Chief Operating Officer at VERSUS Technologies Inc. Mr. Lay holds an Honours in Business Administration from the Richard Ivey School of Business at the University of Western Ontario, and is a Chartered Professional Accountant.

Hugh MacDiarmidDirector (3)(4)

Director Since 2018

Hugh MacDiarmid is a corporate director with more than 30 years of senior management experience across a broad range of industries. He is currently a director of SeaCube Container Leasing Ltd., Terrestrial Energy Inc. and BWXT Canada Inc. He previously served as President and Chief Executive Officer of Atomic Energy of Canada Ltd. from 2008 to 2011, President and Chief Executive Officer of Laidlaw Transit Inc. from 2003 to 2005, Executive Vice President (Commercial) of Canadian Pacific Railway from 1995 to 2001, and President and Chief Executive Officer of Lumonics Inc. from 1987 to 1990. Early in his career, Mr. MacDiarmid was an Associate and then Principal with McKinsey & Company, a leading international management consulting firm. Mr. MacDiarmid earned an Honours in Business Administration from the Ivey Business School at Western University, and an MBA from Stanford University, where he graduated as a Miller Scholar.

Rex McLennanDirector (3*)(4)

Director Since 2019

Mr. McLennan is a seasoned independent corporate director and former C-level executive whose career includes over 30 years of leadership experience as a financial executive in large, complex, multinational resource-based companies. Mr. McLennan has held numerous senior level positions with both public and private companies during his career, including an early career with Imperial Oil Limited, followed by EVP CFO roles with Placer Dome Inc., Vancouver 2010 Olympic Organizing Committee, and Viterra Inc. He holds an MBA (Finance & Accounting) from McGill and BSc (Mathematics & Economics) from UBC. Mr McLennan is a member of the Institute of Corporate Directors (Canada) and received his ICD.D designation in June 2013 and serves as an independent director of several public and private companies.

Jane O’HaganDirector (1)(3)(4)

Director Since 2018

Jane O’Hagan is a corporate director and former senior railway executive. She currently serves as a board member of USD Partners GP LLC (the general partner of USD Partners LP) and Descartes Systems Group Inc. Previously, she held several management positions at Canadian Pacific Railway. She was Chief Marketing Officer and Executive Vice President from 2011 to 2014, Senior Vice President of Marketing and Sales from 2010 to 2011, Senior Vice President of Strategy and Yield from 2008 to 2009, Vice President of Strategy and External Affairs from 2005 to 2008, Vice President of Strategy, Research and New Market Development from 2003 to 2005, and Assistant Vice President of Strategy and Research from 2002 to 2003. Ms. O’Hagan holds a Bachelor of Arts (Honours) and a Bachelor of Administrative and Commercial Studies from the University of Western Ontario, and has completed graduate studies in Program and Policy Studies from the University of Western Ontario. Ms. O’Hagan is also a holder of the Director designation from the Institute of Corporate Directors, which she achieved in June 2016.

Leroy ReitsmaDirector (1)

Director Since 2011

Leroy Reitsma joined Pinnacle Renewable Energy in 2007 and was previously President and Chief Operating Officer from 2011 to July 2019. Mr. Reitsma now leads the development of the Company’s production facilities in the U.S. Mr. Reitsma is also a director of Houston Pellet Inc. He is a Certified Professional Accountant (CMA) with 18 years of experience in the forest products industry prior to joining Pinnacle, including 12 years with Canfor Corporation in various operational, management and finance roles.


(1) Member of Risk Committee
(2) Member of Governance, Nominating and Compensation Committee
(3) Member of Audit Committee
(4) Independent director
(*) Denotes Committee Chair

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