Edition:
United States

Second Cup Ltd (SCU.TO)

SCU.TO on Toronto Stock Exchange

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21 Sep 2017
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Summary

Name Age Since Current Position

Michael Bregman

2013 Chairman of the Board, Independent Director

Garry MacDonald

2017 Interim Chief Executive Officer, Director

Ba Linh Le

2017 Chief Financial Officer

Vanda Provato

2014 Chief Marketing Officer

Christopher Sonnen

2014 Vice President - Operations

Wayne Vanderhorst

2011 Vice President - Franchise Development

Aaron Serruya

2017 Director

Michael Serruya

2017 Director

Alton McEwen

2013 Independent Director

Rael Merson

2013 Independent Director

Alan Simpson

2013 Independent Director

Biographies

Name Description

Michael Bregman

Mr. Michael D. Bregman has been appointed as Chairman of the Board of the Company. Mr. Bregman is the Principal and Chief Executive Officer of Tailwind Capital Inc., a Toronto-based investment management firm. Mr. Bregman is an experienced entrepreneur and was formerly the Chairman and Chief Executive Officer of Second Cup. After purchasing the company for $12 million in 1988, Mr. Bregman took Second Cup public in 1993, ultimately returning $175 million to shareholders, culminating in the sale of the company to Cara Operations Ltd. in 2002. He currently serves on the board of directors of Clairvest Group Inc., Ideaca Ltd. and MapleMusic and previously served on the board of directors of a number of other companies, including General Donlee Canada Inc., Vincor International Inc. and Humpty Dumpty Snack Foods Inc. Mr. Bregman earned an MBA from the Harvard Business School after receiving his undergraduate degree from the Wharton School of Business at the University of Pennsylvania.

Garry MacDonald

Mr. Garry MacDonald is Interim Chief Executive Officer, Director of the company. He joined the Second Cup board of directors earlier this year and has extensive experience in the franchised specialty food sector. Since 2002, Mr. MacDonald has served as CEO of Maccess Management International, which provides consulting services to international multibrand franchise organizations, including Yogen Fruz, Pinkberry, Kahala Brands and CKE. From 1989 to 2002, Mr. MacDonald served as president of Country Style Donuts and Bunsmaster Bakeries, building from 90 to 650 units culminating in a successful sale of the business.

Ba Linh Le

Vanda Provato

Christopher Sonnen

Wayne Vanderhorst

Mr. Wayne C. Vanderhorst is Vice President - Franchise Development of The Second Cup Ltd. Prior to joining Second Cup, Mr. Vanderhorst was employed with Mr. Lube Canada LP as Vice President, Real Estate & Development from August 2005 to September 2007 and was previously with Dairy Queen Canada Inc. for over 16 years in numerous positions including Director of Real Estate & Leasing.

Aaron Serruya

Michael Serruya

Alton McEwen

Mr. Alton McEwen has been appointed as Director of the Company. Mr. McEwen has been the Chief Executive Officer of Distant Lands Coffee since July 2011. Distant Lands Coffee is a leading vertically integrated coffee company, which is involved in farming, milling, and roasting coffee for leading food service and grocery retail companies in the US and Internationally. Mr. McEwen has worked in the food and beverage business throughout his career and actively in the coffee business as President and Chief Executive Officer of Second Cup from 1988 to 1996 and from 2000 to 2004, and served as President of a number of Second Cups' US acquisitions from 1997 to 1999. He has served on the Strategic Planning Committee of the Specialty Coffee Association and on the Board of the Canadian Coffee Association. He has been on the Board of Swiss Water Decaffeinated Coffee since 2005 and Distant Lands since 2006. From 1987 to 1993 he was President of mmmuffins and Michel's Baguette bakery cafés, a chain of 250 bakery stores in Canada and the US. From 1983 to 1987, Mr. McEwen was President of Rowntree MacIntosh Canada, an industry leading confectionary company, and Laura Secord Candy stores. Mr. McEwen is a graduate of McGill University.

Rael Merson

Mr. Rael Merson has been appointed as Director of the Company. Mr. Merson is the President of Mixed Use Capital, a real estate development company that is developing commercial real estate in California. Mr. Merson retired as President of Rogers Broadcasting Limited in 2008 after spending over 21 years building that company into one of Canada's leading broadcasters. He is most closely associated with the various acquisitions that were made to build Rogers Broadcasting, including The Shopping Channel, City TV, Sportsnet, OMNI TV and various radio stations.

Alan Simpson

Mr. Alan Simpson has been appointed as Director of the Company. Mr. Simpson graduated from the Wharton School of Economics and Finance (Summa Cum Laude) in 1983. That year, he joined Town Shoes when the company had a total of only 9 stores located in Ontario. In 1990, Mr. Simpson became Chief Operating Officer of Town Shoes and in 1992 started The Shoe Company. From 2000 until 2013, he served as Chief Executive Officer of both Town Shoes and The Shoe Company. During that time, Town Shoes and The Shoe Company expanded to approximately 200 stores across Canada, including through acquisitions of Sterling Shoes and The Shoe Warehouse. In 2012, Town Shoes and The Shoe Company were acquired by Callisto Capital and Alberta Investment Management Corp.