The operations of Alberta Enterprise are guided by a Board of Directors that bring a diverse range of executive level business and financial experience to the organization. Alberta Enterprise’s Directors are focused on creating an environment that promotes technology development and job creation in Alberta, while guarding the interests of Alberta taxpayers by ensuring Alberta Enterprise receives a fair return on investment.

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Ted Redmond

Chairman

Ted Redmond has more than 25 years of operating, transactional and business advisory experience for Energy, Technology and Industrial businesses. He has worked with many venture capital and private equity backed companies and their owners to raise funds and profitably growth their businesses.

Mr. Redmond’s senior roles in publicly traded and private companies include President & CEO of ZCL Composites (a Toronto Stock Exchange company), President and CEO of NCSG Crane & Heavy Haul the largest private equity backed crane & heavy haul company in Canada, EVP of Energy Products & Services running the largest business segment of McCoy Corporation (a Toronto Stock Exchange company), CEO of Clean Air Power a San Diego based clean tech startup, and CEO of Lacent Technologies an Edmonton based venture capital backed start-up.

As both a CEO and M&A advisor Mr. Redmond has led numerous venture capital and private equity backed companies through successful turnarounds as well as buy-side and sell-side M&A transactions.

As a management consultant for the Boston Consulting Group for 7 years he provided senior level strategy and operations advice to Global 1000 companies.

Mr. Redmond has lived and worked in numerous parts of the world including the U.S., Europe, Malaysia, Mexico, and Canada. He is Alberta born and currently lives in Edmonton.

Mr. Redmond has an MBA from the Stanford Business School, an M.Sc. in Electrical Engineering with a specialization in Computer Software/Hardware from the University of Toronto, and a B.Sc. in Computer Engineering from the University of Alberta.

Elizabeth Cannon

Vice-Chair

Dr. Elizabeth Cannon is president emerita of the University of Calgary after serving as president and vice chancellor from July, 2010 until December, 2018. Prior to her term as president, Dr. Cannon was dean of the Schulich School of Engineering at the University of Calgary. An expert in geomatics engineering and a Professional Engineer, Dr. Cannon’s research has been on the forefront of Global Positioning Systems (GPS) since 1984 in both industrial and academic environments, and she has commercialized technology to over 200 agencies worldwide. Dr. Cannon’s work has been recognized with many national and international honours including the Johannes Kepler Award from the U.S. Institute of Navigation, an NSERC Steacie Award and the Gold Medal Award from Engineers Canada.

Dr. Cannon is a fellow of the Royal Society of Canada, Canadian Academy of Engineering as well as an elected foreign associate of the National Academy of Engineering. She served as co-chair of the Business-Higher Education Roundtable, was a past chair of Universities Canada, and was a member of the federal Minister of Innovation, Science and Economic Development’s Science, Technology and Innovation Council (STIC) in addition to many other boards and advisory councils. Currently, she is a member of the Board of Trustees the Aga Khan University, a Fellow of the Creative Destruction Lab – Rockies and a Director of the Gairdner Foundation and the Rideau Hall Foundation. She is a corporate director and seed-stage investor, particularly in female-founded companies.

In 1998, Dr. Cannon was selected as one of Canada’s Top 40 Under 40 and in 2006 was named one of Canada’s Top 100 Most Powerful Women by the Women’s Executive Network. She has received five honorary degrees. In June, 2019, she was named an Officer of the Order of Canada and in 2021, she received the Lifetime Achievement Award from the Axis Connects Calgary Influential Business Awards.

Sharilee Fossum

Director

Sharilee Fossum is an organization builder, change leader, and passionate life-long learner. Currently Sharilee is the Vice-President, Finance and Administration & CFO at MacEwan University in Edmonton.

Prior to joining MacEwan University, she was the Chief Financial and Corporate Officer at the Association of Professional Engineers and Geoscientists of Alberta. Sharilee has experience in the capital markets, manufacturing, post-secondary education, Crown corporations and non-profit organizations. She also has experience with family business enterprises and is married to a farmer, now retired, operating a third-generation mixed farming operation.  She is drawn to building new organizations, organizations in transition, and leading teams through change to create a performance culture.

Sharilee is an active board director and currently serves on the boards of Alberta Enterprise Corporation, Alberta Jubilee Auditoria Society and Farm Credit Canada and is Chair of Telus World of Science Edmonton.

Sharilee has a Bachelor of Commerce from the University of Alberta, Masters of Business Administration from the University of Regina, is a Chartered Professional Accountant, and is a graduate of the Institute of Corporate Directors (ICD.D).  She is also a Distinguished Alumni from Red Deer College.

Patricia Johnston

Director

Ms. Johnston is the former Executive Vice-President, Law and General Counsel for the Alberta Energy Regulator, having retired in January, 2019.

Ms. Johnston is a certified director and experienced lawyer with corporate, securities, oil and gas, risk management, insolvency, and corporate governance experience. Her practice included corporate, securities, regulatory, and insolvency law with The Alberta Stock Exchange, the Alberta Securities Commission, ATB Investor Services, FirstEnergy Capital Corp., the Energy Resources Conservation Board, and the Alberta Energy Regulator. She has acted in an advisory role to boards for more than fifteen years, including the board of directors of the Alberta General Counsel Association, including Chair from 2013 to 2015.

Ms. Johnston is also the author of two books on securities regulation for non-lawyers, titled Alberta Securities Law Simplified and Ontario Securities Law Simplified, as well as a number of publications on mergers and acquisitions, proxy solicitation requirements, raising capital, reporting issuer obligations and going public in Canada. In 2004, Ms. Johnston was awarded the Queen’s Counsel designation.

Ms. Johnston holds an LLB from the University of British Columbia and an ICD.D designation from the Institute of Corporate Directors.

Neil Sadaranganey

Director

Mr. Sadaranganey has extensive industry experience in board governance, start-ups, technology, and industry including Silicon Valley. He was General Partner at Bay Partners where he drove the investment in Eloqua which was founded in Canada and was acquired by Oracle for over $1B Cdn. Mr. Sadaranganey has served on the board of many public and private companies including Cornerstone on Demand, Like.com, Eventful, Hiplogic, LiveMedia, Applied Identity and Pureplay. Before becoming a venture capitalist, Neil was a software product executive at Good Technology and RealNetworks. Mr. Sadaranganey was a founding team member of Afara Websystems, a company acquired by Sunmicrosystems whose technology is still core for a multi-billion dollar server line for Oracle. Neil is a charter member of the C100, a non-profit association of technology thought leaders committed to helping advance Canadian innovation.

Mr. Sadaranganey holds a Bachelor of Systems Engineering degree from the University of Waterloo and an MBA from Stanford.

Tracey Scarlett

Director

Tracey Scarlett is the President of BioQuest Ventures Inc., providing consulting services for entrepreneurial companies looking to develop and expand their businesses as well as for organizations looking to build more effective and inclusive programs for innovators and entrepreneurs.

Ms. Scarlett is a Director of the Business Development Bank of Canada, and Alberta Enterprise Corporation, is Chair of the Board of Trustees of the Sawridge First Nation Trusts, and is Chair of the Board of Bredin College. She is a past Council member of the Natural Sciences and Engineering Research Council, is a current member of the Committee for Research Partnerships for NSERC and has held Director positions on numerous other non-profit and economic development boards including Travel Alberta, Edmonton Global, Edmonton Economic Development Corporation and Alberta Women Entrepreneurs.

Previously, she was Dean of the JR Shaw School of Business at the Northern Alberta Institute of Technology (NAIT) where she established the Mawji Centre for New Venture and Student Entrepreneurship, a campus wide initiative to build entrepreneurial mindset into polytechnic education for students. As Chief Executive Officer of Alberta Women Entrepreneurs, she led development of entrepreneurship programs focused on enabling women to achieve their full entrepreneurial potential. She was also Chief Operating Officer of KMT Hepatech Inc., a biotechnology start-up spun out of the University of Alberta, and previously co-founded an electrical contracting company.

Ms. Scarlett holds a diploma in Medical Laboratory Technology from NAIT, a Bachelor of Science in Medical Laboratory Science from the University of Alberta and an MBA with a specialization in Technology Commercialization from the Alberta School of Business at the University of Alberta. Tracey has completed the Institute of Corporate Directors – Director Education Program at University of Toronto Rotman School of Management and holds an ICD.D designation.

Derrick Hunter

Director

Derrick is the President and CEO of Bluesky Equities Ltd., an investment management company with interests in real estate, energy, distilling, technology and alternative strategies.  Previously, he co-founded Wild Rose Properties Inc. – a real estate investment company with assets in ten states.

Bluesky is one of the most active angel investors in Southern Alberta having invested in over eighty-three start-up businesses since 2012.  In 2019, Derrick was named Canadian Angel Investor of the Year for 2019 by the National Angel Capital Organization as well as Technology Investor of the year by Start Alberta.

Derrick is a Fellow of Creative Destruction Lab – Rockies.  He is an Advisor to the UCEED venture capital fund, NACO West and Platform Calgary.  He was a member of the Innovation Capital Working Group which reported to the Government of Alberta in April 2020.  He is Chairman of the Council for Innovation and Entrepreneurial Leadership” at the University of Calgary and sits on the External Advisory Committee of the  “Hunter Center for Entrepreneurship and Innovation” at the Haskayne School of Business.

In the not-for-profit sector, he serves on the boards of Futurpreneur Canada and the Beakerhead Creative Society.  He was a co-founder of EvolveU, which supports unemployed workers in their efforts to develop new career opportunities in technology.

Derrick is a graduate of Queen’s University and the University of Calgary. He is a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA). He was the 2018 recipient of the Management Alumni Excellence (MAX) award from the Haskayne School of Business.