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UPDATED ON: Wednesday, February 08, 2012

TransCanada Corporation:

Rick Waugh,
Board of Directors

From The Globe and Mail

S. Barry Jackson, Chair, TransCanada Corporation is pleased to announce that Rick Waugh has been appointed to the Board of Directors of TransCanada Corporation effective February 1, 2012.

Rick Waugh

Mr. Waugh is President, Chief Executive Officer and a director of The Bank of Nova Scotia (Scotiabank). He brings extensive experience in the areas of banking, international markets, organization and leadership to his role as director of TransCanada.

He began his career with Scotiabank as a branch employee in 1970 and worked in increasingly senior roles until 1985 when he moved to New York as Scotiabankís most senior executive in the U. S. Subsequently, he was Vice- Chairman, Corporate Banking from 1995 to 1998 and Vice-Chairman, International Banking and Wealth Management from 1998 to 2003.

Mr. Waugh is a member of the Canadian Council of Chief Executives. He currently serves as President and is a director of the International Monetary Conference (IMC) and is Vice-Chair of the Board of the Institute of International Finance (IIF). He is a member of the Council of the Americas, and is on the Chairmanís International Advisory Council for the Americas Society. He serves on the board of directors for Catalyst Inc. and is Chair of the Catalyst Canada Advisory Board. In addition, he serves on the Advisory Council of the Schulich School of Business at York University, the Guanghua School of Management at Peking University and the Canadian Museum of Human Rights, among others.

Mr. Waugh has long been active in several philanthropic organizations, including the United Way of Greater Toronto, where he was Campaign Chair in 2006, and the MS Society, both as Honorary Chair of the endMS Capital Campaign and, currently, as a board member for their Scientific Research Foundation. He is a director of St. Michaelís Hospital and was Co-Chair of the hospitalís campaign to build the Li Ka Shing Knowledge Institute.

Mr. Waugh holds a Bachelor of Commerce (Honours) degree from the University of Manitoba, a Master of Business Administration from York University, he is a Fellow of the Institute of Canadian Bankers and has been awarded an Honorary Doctor of Laws degrees from York University and Assumption University.


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