About Us Directors

Ryan Shay

Ryan Shay is Vice President Finance and Chief Financial Officer of Rubellite Energy and Perpetual Energy, and has more than 25 years of experience in the oil and gas industry. He joined the board of Perpetual in October 2017 and became the Vice President Finance and Chief Financial Officer of Perpetual on May 4, 2021. Prior to, Ryan was Managing Director, Head of Investment Banking at Cormark Securities Inc. until he retired therefrom in June 2016. He was a member of Cormark’s Executive Committee, Risk Committee, Capital Markets Committee, Compensation Committee, Compliance Committee and Audit Committee.

Ryan began his career at Deloitte & Touche in 1993, earning his Charted Accountant designation in 1996, then joined Peters & Co. in 1996, earing his Charted Financial Analyst designation in 1999.  He joined Cormark in 1999 as an Energy Research Analyst and was promoted to the Executive Committee of the firm in 2000. Ryan transitioned careers from Research to Investment Banking in 2007 and was promoted to Co-Head of Investment Banking in 2010 and Head of Investment Banking in 2013. He received his Bachelor of Commerce from the University of Saskatchewan and graduated with Great Distinction. Ryan also sits on the board of Crew Energy Inc. and was formerly on the board of Journey Energy Inc. and the National Board of the Juvenile Diabetes Research Foundation.

Holly Benson

Holly Benson was the Vice President, Finance and Chief Financial Officer for Peters & Co. Limited, having joined the firm in 1995. She was also a member of its Board of Directors and continues to act in an advisory capacity with them. In her former role, she maintained oversight of the financial reporting and tax, securities settlements and cage functions, regulatory compliance, and human resources. Ms. Benson was also Vice President, Finance & Chief Financial Officer, and a member of the Board of Directors of the firm’s wholly-owned subsidiary, Peters & Co. Equities Inc., a broker-dealer registered with the Financial Industry Regulatory Authority and the United States Securities and Exchange Commission.

Ms. Benson graduated from the University of Calgary with a Bachelor of Commerce degree, and went on to complete her Chartered Accountants designation with Ernst & Young. During her time with Ernst & Young, Ms. Benson worked in the Corporate Audit group, specializing in the audits and reviews of oil & gas companies.

Holly has been involved in various industry committees, working groups and councils over the years, including serving on the Board of Directors of the Investment Industry Regulatory Organization of Canada (IIROC) from January 2015 to November 2021. Holly has been a proud supporter of many charitable organizations, in particular the Alberta Children’s Hospital Foundation and the United Way of Calgary and Area.

Tamara MacDonald

Ms. MacDonald was most recently the Senior Vice President, Corporate and Business Development of Crescent Point Energy Corp., a position she held from October 2004 to July 2018. Ms. MacDonald has been involved in over 530 transactions totaling over $14.5 billion. Ms. MacDonald has over 28 years of industry experience. Prior to Crescent Point, Ms. MacDonald worked with NCE Petrofund Corp., Merit Energy Ltd., Tarragon Oil & Gas Ltd. and Northstar Energy Corp.

Ms. MacDonald holds a Bachelor of Commerce degree with a major in Petroleum Land Management from the University of Calgary and an Institute of Corporate Directors (ICD.D) designation. Ms. MacDonald currently sits on the board of directors of Spartan Delta Corp. and Southern Energy Corp. Ms. MacDonald has held various senior executive positions and has served as a director of several publicly traded and private companies which has required regular review and understanding of company financial statements.

Tamara has been involved in numerous community initiatives as a senior executive leader where she provided guidance and feedback to charities in the areas of health, safety and environment (HSE), education and sports. She is a member of the Canadian Association of Petroleum Landmen, and the institute of Corporate Directors. She also served on the Chair Committee Advisory of the YWCA WhyWhisper Gala, the Patron’s Council for the Calgary UNICEF Water for Life Gala, and is a member of the 25th UNICEF Canada Team, a unique opportunity for dynamic female leaders from across Canada to support maternal and child care globally.

Bruce Shultz

Mr. Shultz was most recently President and Chief Executive Officer of Huron Resources Corp., a private junior oil and gas exploration company with drilling success in a newly defined Wabamun oil play in Southern Alberta. Previously he was the President and Chief Executive Officer of Huron Energy Corporation which experienced success in the Montney of NEBC and prior to that, Rubicon Energy Corp. made a significant Nisku oil discovery in the Pembina Area of Alberta. He is a graduate of the University of Waterloo with a Bachelor of Science Degree in Earth Sciences with over 40 years of oil and gas exploration experience beginning his career with Gulf Canada in 1980. Mr. Shultz’s multiple senior executive positions has required regular review of financial statements and he has served as a member of the audit committee for a number of private and not-for-profit companies.

Bruce has been involved with several not-for-profit Boards. He served on the Board of Governors for the Glenbow Museum (2009 to 2016), Honens International Piano Competition Board of Directors (2016 to 2019) and he recently stepped down from the Board of Directors at the Association for the Rehabilitation of the Brain Injured (ARBI).