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1800 Argyle Street, Suite 701 | Halifax, Nova Scotia, Canada B3J3N8

NSBI is led by a private-sector board consisting of business leaders from across the province who represent a diverse range of sectors and business interests.

Terms of service for board members range from between two and four years. The Chair of the Board serves a two-year term, renewable for a second 2-year term.

Bert Frizzell, Chair
(appointed as a director September 2011)
Halifax: Vice Chairman, The Shaw Group

NSBI HR Governance Committee

Mr. Frizzell joined The Shaw Group in 1974 and has held senior management positions in several of the operating divisions. Immediately prior to his appointment as CEO, Mr. Frizzell served as The Shaw Group’s President and COO. He is currently Vice Chairman at The Shaw Group.

Mr. Frizzell is on the Board of Governors of Acadia University and is a Director of Heritage Gas. His past positions include director of Masonry Canada, director of the National Concrete Masonry Association (USA), director of Concrete Masonry Producers Association of Canada, and treasurer and past chair, Clay Brick Association of Canada. Mr. Frizzell is a graduate of Acadia University and Harvard Business School’s Executive Management Program. In 2008 he received his FCGA (Fellow of the Certified General Accountants Association of Canada).


Ray Ivany
(appointed as a director December 2010)

Wolfville:  President & Vice-Chancellor, Acadia University

NSBI Investment Committee

Before becoming the President and Vice-Chancellor of Acadia University, Mr. Ivany was Chair of the Workers’ Compensation Board of Nova Scotia and principal of Ivany and Associates. He was President and CEO of the Nova Scotia Community College from 1998 to 2005. Prior to that he served as executive vice-president of the University College of Cape Breton.

Mr. Ivany has served on a range of boards, including the National Round Table on the Environment and Economy, and has advised various levels of government through such appointments as the Nova Scotia Premier’s Fiscal Management Taskforce. Mr. Ivany is also a recipient of the Top 50 CEO Hall of Fame award (inductees are five-time Top 50 CEO award winners).


Paul Belliveau
(appointed as a director February 2013)

Bridgewater: Partner, Belliveau Veinotte Inc.

Chair, NSBI Audit Committee

Mr. Belliveau is a partner in the accounting firm Belliveau Veinotte Inc., a firm with a 40-year history in Southwestern Nova Scotia. A native of Amherst, he has been a leading business advisor and volunteer in Southwestern Nova Scotia since establishing his career in Bridgewater in 1980.

In 2008, Mr. Belliveau was awarded the designation of Fellow Chartered Accountants (FCA), the Institute of Chartered Accountants of Nova Scotia’s mark of distinction and highest honour. Mr. Belliveau's contributions and achievements to his community were also recognized when he recently received the Queen Elizabeth II Diamond Jubilee Medal.


Tom Hickey
(appointed as a director December 2015)
Halifax:  President & CEO of T. Hickey Enterprises and CEO of Atlantic Road Construction and Paving Ltd.

Chair, NSBI Investment Committee

Mr. Hickey, an entrepreneur and business owner for 17 years, is originally from Glace Bay, where he maintains the head office for Atlantic Refrigeration and Air Conditioning, which services Atlantic Canada. Mr. Hickey is president and CEO of T. Hickey Enterprises, which has been operating since 2001. T. Hickey Enterprises has 13 operating companies under his management. He is also CEO of Atlantic Road Construction and Paving Ltd.

In addition to his industry experience, Mr. Hickey is an active community member having volunteered in several charities including the Canadian Diabetes Association, as well as coaching his two daughters in competitive hockey.

Mr. Hickey has been recognized with several awards such as being named one of Canada's Top 40 Under 40, Eastern Canada's Top 50 CEOs, BDC Young Entrepreneur of the Year, and Ernst and Young Entrepreneur of the Year.


Cheryl Hodder, QC
(appointed as a director November 2012)

Halifax: Partner, McInnes Cooper

Chair, NSBI HR Governance Committee

A partner with McInnes Cooper in Halifax, Ms. Hodder practices extensively in the areas of Administrative Law, Education Law, Corporate Governance and Business. Cheryl represents Crown Corporations, universities, colleges, health authorities and small and medium-sized businesses.

She is also an avid community volunteer who received the Canadian Bar Association’s Community Service Award for her contributions to many community organizations and boards. She was the first Atlantic Canadian to be honoured with the “Women of Influence Award” at the 2010 Deloitte Women of Influence Luncheon Series. She is also a member of the International Women's Forum of Canada.


Marie Mullally, Vice-Chair
(appointed as a director December 2014)

Halifax:  President & CEO, Credit Union Atlantic

NSBI HR Governance Committee

Marie Mullally is the President and Chief Executive Officer of Credit Union Atlantic, the largest credit union in Nova Scotia. This experienced leader has previously held positions as the President and CEO for the Nova Scotia Gaming Corporation, and the Executive Director of Service Delivery and Operations, Provincial Registrar of Motor Vehicles.

Ms. Mullally has a history of community and business development activities through her participation on a number of boards including the Halifax International Airport Authority, Queen Elizabeth II Health Foundation, and International Women’s Forum. Ms. Mullally has been recognized by the Top 50 CEO Awards by Atlantic Business Magazine in 2007 and 2008.


Ronald E. Smith
(appointed as a director May 2011)

Yarmouth:  Former Senior Vice-President and CFO of Emera Inc. and subsidiary, Nova Scotia Power Inc.

NSBI Investment Committee

Mr. Smith has an extensive background in the financial, telecommunications and energy sectors. A former Chief Financial Officer with Maritime Telephone & Telegraph Ltd., he later served as Senior Vice President and Chief Financial Officer of Emera Inc. and its major subsidiary, Nova Scotia Power Inc.

Mr. Smith is the past chair and a current member of the Board of Governors for Acadia University, and also serves on the boards of AuRico Gold Inc. and PRO Real Estate Investment Trust, both listed on the Toronto Stock Exchange.

Mr. Smith has previously served on the Canada Pension Plan Investment Board and the Canadian Accounting Standards Oversight Council. He is the former national president of the Canadian Association for Community Living and the former chair of the Atlantic Provinces Economic Council.


Janice Stairs
(appointed as a director, September 2009)
Halifax:  General Counsel, Namibia Rare Earths Inc.

NSBI Investment Committee

Ms. Stairs is a past Partner with the law firm Patterson Palmer (now McInnes Cooper). She has a wealth of knowledge and experience in the legal field, specializing in corporate finance and corporate securities, and continues as counsel to the Halifax office of McInnes Cooper.

Ms. Stairs is a member of the Canadian Bar Association and the Nova Scotia Barristers’ Society. She also sits on the admissions screening committee of the Nova Scotia Barristers Society. Her wealth of legal experience makes her a valuable addition to the NSBI Board.

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