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Board of Trustees

The leading position that we have achieved in a mere twenty years is due in part to the support and guidance we receive from our Board of Trustees and Senior Management. Their vision and values have helped RioCan achieve the success and respect that we are revered for.

Board of Trustees

Paul Godfrey, C.M., O.Ont.

(Chairman of Board of Trustees)
Executive Chairman
Postmedia Network Canada Corp

Mr. Godfrey is the Executive Chairman of Postmedia Network Canada Corp. He has been a trustee of the Trust since December 1993. He was President and CEO of the National Post from 2009 to 2010; President and CEO of Postmedia Network from 2010 to 2017 and Executive Chairman and CEO of Postmedia Network from 2017 to 2018. From 2000 to 2008, Mr. Godfrey was President and CEO of the Toronto Blue Jays Baseball Club. Mr. Godfrey was appointed Chair of the Ontario Lottery and Gaming (OLG) from 2010 to 2013. From 1991 to 2000, Mr. Godfrey was President and CEO of Sun Media Corporation and its predecessor, The Toronto Sun Publishing Corporation, and from 1984 to 1991 he was the Publisher and CEO of The Toronto Sun. Mr. Godfrey also served as the Chairman of the Municipality of Metropolitan Toronto from 1973 to 1984. Mr. Godfrey serves as a Director of Cargojet Inc. and as Vice Chair of the Baycrest Centre for Geriatric Care. In 1999, Mr. Godfrey was made a member of the Order of Canada and, in 2010, Mr. Godfrey was appointed to the Order of Ontario.

  • Nominating & Governance Committee
  • Investment Committee

Bonnie Brooks, C.M.

Executive Chair of the Board of Director of Chico’s FAS Inc.
Board Member, Rogers Communications Inc.
Former CEO & President, Hudson’s Bay Company and Chico’s FAS Inc.

Ms. Brooks is the Executive Chair of the Board of Chico’s FAS Inc., a USA based publicly traded company. She served as the President and Chief Executive Officer of Chico’s FAS from July 2019 until June 2020 and has more than 30 years of experience in the retail sector across all Canadian markets and internationally. Until recently, Ms. Brooks served as Chair, Liquor Control Board of Ontario, an agency of the Province of Ontario. From 2008 to 2016, Ms. Brooks held leadership roles at Hudson’s Bay Company including CEO, President and Vice Chair. From 2008 to 2012, she was CEO and President of HBC Canada, from 2012 to 2014, she was President of HBC Canada and USA, and from 2014 to 2016, she served as Vice Chairman of Hudson’s Bay Company (Saks Fifth Avenue, Lord and Taylor USA, Kaufhof Germany and Hudson’s Bay Canada). Ms. Brooks has been a Trustee of the Trust since June 2013. From 1997 to 2008, Ms. Brooks served as an executive officer, including as President, of the Lane Crawford Joyce Group based out of Hong Kong with over 500 Asian retail locations. Prior to that she served as Executive Vice President at Holt Renfrew in Canada. Ms. Brooks is a director of Rogers Communications Inc. and Chico’s FAS, and a former director of Abercrombie and Fitch USA, Empire (Sobey’s) Ltd. and Indigo Books in Canada. She served on the Federal Finance Minister’s Economic Advisory Board and the Ontario Provincial Jobs and Prosperity Board. Ms. Brooks has a Master of Business Administration degree from the University of Western Ontario and holds three honorary Doctorate Degrees. She was awarded the Queen’s Diamond Jubilee medal for her philanthropic work and in 2016 was appointed to the Order of Canada.

  • Nominating & Governance Committee
  • Investment Committee

Richard Dansereau

Corporate Director, Stonehenge Partners

Mr. Dansereau has over 30 years of real estate experience. He is currently a Managing Director at Stonehenge Partners, a New York-based real estate company which owns and manages a portfolio of residential apartments in Manhattan. Prior to joining Stonehenge, Mr. Dansereau was President and Chief Operating Officer of Cadim, a real estate division of Caisse de depot et placement du Québec from 2000 to 2009 and prior to that he was Vice-President of Acquisitions for Canadian Real Estate Investment Trust from 1997 to 2000. Mr. Dansereau has been a Trustee of the Trust since May 2018. Previously, he served as Chairman of the Board of Agellan REIT and as Trustee of Inovalis REIT. Mr. Dansereau also served on the investment committee of Fiera Real Estate and the boards of other private and public companies, including MCAN Mortgage Corp., Lemay Associates and Ecosystem. Mr. Dansereau has a certificate in marketing from the Business School of the University of Montreal.

  • Audit Committee
  • Human Resources & Compensation Committee (Committee Chair)

Dale Lastman

Chair and Partner, Goodmans LLP

Mr. Lastman is the chair and a partner at Goodmans LLP. He practices corporate, commercial and securities law and provides counsel in connection with public offerings, mergers and acquisitions, and business restructurings. He has been a trustee of the Trust since June 2004. He is a Director of Maple Leaf Sports & Entertainment Ltd. and Roots Corporation, and is also Alternate Governor for the NHL and NBA. In 2019, Mr. Lastman was elected Chair of the Board of Governors of the CFL. He also serves as the Governor representing the Toronto Argonauts in the CFL. He was appointed Chair of the Baycrest Board of Directors in 2018 and also serves as an honorary trustee of the Hospital for Sick Children. In 2017, Mr. Lastman was named a Member of the Order of Canada. He has also been appointed by the Minister of National Defence as an Honorary Captain of the Royal Canadian Navy and awarded the rank of an Honorary Detective by the Toronto Police Service.

Jane Marshall

Trustee, Plaza Retail REIT
Former COO Choice Properties REIT

Jane Marshall has more than 30 years of experience in real estate management, particularly with food and retail companies. Ms. Marshall is the Chair of the Investment Committee at RioCan. Most recently, Ms. Marshall was the CEO of GoodLeaf Farms, where she led the development of the company’s automated vertical farm in Guelph, and the sale of an interest to a global food company. Previously, Ms. Marshall served as Chief Operating Officer of Choice Properties REIT, a publicly traded REIT, majority owned by Loblaw Companies Ltd. and she played a key role in its IPO. Ms. Marshall also served as Executive Vice-President of Loblaw Properties and Business Strategy and was responsible for the acquisition, development, construction and management of its portfolio of more than 65 million square feet of owned retail, warehouse and office space as well as all its leased locations. Ms. Marshall led Loblaws’ acquisition of T&T Supermarkets and the purchase and comprehensive joint redevelopment of Maple Leaf Gardens (MLG) with Ryerson University. Ms. Marshall holds the ICD.D designation of the Institute of Corporate Directors and has a Bachelor of Arts from the University of Toronto. Ms. Marshall has served on not for-profit Boards including the Children’s Aid Foundation and Toronto Lands Corporation. Most recently, Ms. Marshall was appointed to the Board of Plaza REIT.

  • Human Resources & Compensation Committee
  • Nominating & Governance Committee
  • Investment Committee (Committee Chair)

Sharon Sallows

Trustee, Chartwell Retirement Residences REIT
Director, Home Capital Group Inc.

Ms. Sallows is currently a member of the board of directors and Chair of the Human Resources and Compensation Committee of Home Capital Group Inc., a director of Chartwell Retirement Residences REIT and the Chair of the Governance Committee at AIMCo. In the past, Ms. Sallows served as a director on a substantial number of public and private companies including the Ontario Teachers’ Pension Plan Board where she served both as Chair of the Human Resources and Compensation Committee and the Governance Committee at different points in time. Previously, Ms. Sallows was a principal in Ryegate Capital Corporation, a company engaged in the provision of merchant banking and advisory services to institutional and corporate clients. Ms. Sallows is a former Executive Vice President of MICC Properties Inc. and, prior to that, held various positions at the Bank of Montreal, including Senior Vice President, Real Estate, Corporate Banking. Ms. Sallows received a B.A. from Carleton University, a M.Sc. from the London School of Economics, a Ph.D. from The Wharton School, University of Pennsylvania and also holds the ICD.D designation.

  • Audit Committee
  • Human Resources & Compensation Committee
  • Investment Committee

Edward Sonshine

Chief Executive Officer
RioCan Real Estate Investment Trust

Mr. Sonshine is the Founder and Chief Executive Officer of RioCan Real Estate Investment Trust, and is a graduate of the University of Toronto and Osgoode Hall Law School. Mr. Sonshine is the Chairman of Chesswood Group Limited and a Director of Sinai Health System. Mr. Sonshine was a Director of Cineplex Inc. from 2011 to May 2020 and a Director of the Royal Bank of Canada from 2008 to 2017. In addition, Mr. Sonshine was Chair and a Director of Canada Israel Securities as well as Co-Chair of the annual campaign of the United Jewish Appeal and a member of the Top Gifts Cabinet of the United Way. Mr. Sonshine is also a past Trustee of the International Council of Shopping Centers. He was appointed Queens Counsel in 1983, a member of the Order of Ontario in 2011, and in 2013, he was honoured as Canada’s Outstanding Chief Executive Officer of the Year.

Siim Vanaselja

Director and Chair of the Board of TransCanada Corporation
Director and Chair of the Audit Committee of Great-West Lifeco Inc.
Director and Chair of the Audit Committee of Power Financial Corporation

Mr. Vanaselja is a Corporate Director who served as the Executive Vice-President and Chief Financial Officer of BCE Inc. and Bell Canada, from 2001 to 2015. Prior to joining BCE Inc., he was a Partner with KPMG Canada in Toronto. Mr. Vanaselja is a director and the Chair of TC Energy Corporation, a director and Chair of the Audit Committee of Great-West Lifeco Inc., and a director of Power Financial Corporation. Mr. Vanaselja has been a Trustee of the Trust since May 2017. Mr. Vanaselja served as a director and Chair of the Audit Committee of Maple Leaf Sports & Entertainment Ltd. He also served on the Finance Minister’s Federal Advisory Committee on Financing, Moody’s Council of Chief Financial Officers, the Corporate Executive Board’s Working Council for Chief Financial Officers as well as the Conference Board of Canada’s National Council of Financial Executives. Mr. Vanaselja is a Fellow of the Chartered Professional Accountants of Ontario, a member of the Institute of Corporate Directors and holds an Honours Bachelor of Business Administration degree from the Schulich School of Business. His community involvement has included Big Brothers Big Sisters, St. Mary’s Hospital Foundation, the Heart and Stroke Foundation and the annual Walk for Kids Help Phone.

  • Audit Committee (Committee Chair)
  • Human Resources & Compensation Committee

Charles Winograd

President, Winograd Capital Inc.

Mr. Winograd is Senior Managing Partner of Elm Park Capital Management, a mid-market lending limited partnership. He is also President of Winograd Capital Inc., an external consulting and private investment firm. Mr. Winograd retired from RBC Capital Markets in December 2008, where he was Deputy Chairman from 1996 to 1998, President and Chief Operating Officer from 1998 to 2001, and President, or Chairman, and Chief Executive Officer from 2001 to 2008. Mr. Winograd began his career at Richardson Securities in 1971 as an investment analyst and had several progressively senior positions with Richardson Greenshields and predecessor companies, becoming President and Chief Executive Officer in 1987 and Chairman and Chief Executive Officer in 1991 until it merged into RBC Dominion Securities in 1996. Mr. Winograd is Director and Chairman of TMX Group Limited, Director of James Richardson and Sons Limited and KEV Group and Lead Director of Spin Master Corporation. Mr. Winograd is a Director of Sinai Health System. He is also a Management Advisor with RP Investment Advisors and was on the Advisory Council for Promoting Women on Boards. Mr. Winograd has been a Trustee of the Trust since February 2009. Mr. Winograd is past Chairman of the Investment Dealers Association of Canada. Mr. Winograd received his MBA from the University of Western Ontario in 1971 and earned a Chartered Financial Analyst (CFA) designation in 1979.

  • Nominating & Governance Committee (Committee Chair)
  • Investment Committee

Communicating with the Board of Trustees

If you are interested in communicating directly with the Chairman of the Board of Trustees, please email chair@riocan.com.

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