Algoma Central Corp.

Algoma Central Corp.

Sector: Freight Transportation On The Great Lakes-st. Lawrence Seaway Region: Canada

: | Toronto Stock Exchange: ALC

Algoma is a leading Canadian shipping company, owning and operating the largest Canadian flag fleet of dry-bulk carriers and product tankers operating on the Great Lakes - St. Lawrence Waterway. The fleet includes 19 self-unloading dry-bulk carriers, six gearless dry bulk carriers and seven product tankers. The Company is a leader in dry-bulk and liquid bulk transportation focused on meeting the special needs of customers that ship products on the Great Lakes and St. Lawrence Waterway. Algoma’s dry-bulk fleet includes vessels of differing sizes and configurations, providing flexible shipping options for customers.


Ken Bloch Soerensen, President and Chief Executive Officer
Ken Bloch Soerensen is responsible for the overall strategic direction of Algoma Central Corporation. Ken joins Algoma following a successful 34-year career in the international maritime sector, including 18 years with A.P. Moller/Maersk where he held the position of General Manager in several of Maersk’s global operating units. Following his years with Maersk, Mr. Soerensen served as CEO of Swiss Federal Railways Cargo and in later roles focused on container shipping in the Asian, North Atlantic and Middle Eastern markets. Mr. Soerensen was CEO of United Arab Shipping Co. from 2005 to 2009 and was most recently Managing Director and Partner in IPSA Capital Limited. Mr. Soerensen served for two years as the Executive Director of the European Liner Affairs Association in Brussels, representing the industry on regulatory matters in the European Union. During his career, he has served on numerous boards of industry organizations, including the boards of two P&I Clubs. Mr. Soerensen has a Bachelor degree in Business Language Studies from Copenhagen Business School and has attended executive development programs at the London Business School and at INSEAD.
Peter D. Winkley, CPA, CA, Vice-President, Finance and Chief Financial Officer
Peter Winkley directs all financial aspects of Algoma’s businesses, including financial reporting, accounting practices and internal controls, financial planning and analysis, and monitoring of financial performance. Mr. Winkley is also responsible for treasury and capital structure, investor relations, risk management and the Corporation’s business information systems.

Mr. Winkley is the Vice Chairman of the Canadian Shipowners Mutual Assurance Association and chair of the audit committee of The Standard Compensation Act Liability Association.

Prior to joining Algoma in 2010, Mr. Winkley was CFO of Therapure Biopharma Inc., a Canadian biopharmaceutical contract manufacturer, and a senior financial executive with MDS Inc., a publicly listed Canadian life sciences company.

Mr. Winkley is a Chartered Professional Accountant, Chartered Accountant, and holds a Bachelor of Commerce from the University of Toronto.
Dennis J. A. McPhee, Vice-President, Sales and Traffic
Dennis McPhee joined Algoma Central Corporation in 1986 as Supervisor Marketing and Sales. When Algoma and Upper Lakes Group formed the Seaway Marine Transport partnership in 1994, Dennis was promoted to Director Marketing. In May 2008, he was named Vice- President Sales and Vessel Traffic for Seaway Marine Transport and when Algoma purchased Upper Lakes’ interests in SMT in May 2010, Dennis was named Vice President Sales and Vessel Traffic for Algoma Central Corporation.

In his current role, Dennis is responsible for all Sales, Vessel Traffic Customer Service functions for the Company’s domestic dry bulk and product tanker vessels.

Dennis has 35 years of Industrial Sales Experience and he has played a major role in developing much of the company’s current customer and contract base
J. Wesley Newton, Secretary and General Counsel
Wes Newton performs corporate secretarial functions and provides legal support to each of the Corporation’s business divisions.

Prior to joining Algoma in 2011, Mr. Newton held a position as senior corporate counsel with the Canadian subsidiary of a large international express air shipping company and had practised litigation and commercial law in private practice.

Called to the Ontario Bar in 2004, Mr. Newton holds a BAH in History from Queens University and an LLB from the University of New Brunswick.

Mr. Newton is a member of the Canadian Maritime Law Association.
Thomas G. Siklos, Vice-President, Real Estate
Tom Siklos directs the operations of Algoma Central Properties Inc. (ACPI), a wholly owned Algoma subsidiary. ACPI owns and operates over 1,000,000 square feet of commercial real estate properties including retail, office, industrial and hotel assets. ACPI operates in three Ontario cities, St Catharines, Waterloo and Sault Ste. Marie.

Mr. Siklos has worked in the commercial real estate field for over 30 years and has held executive positions in a number of national firms including Markborough Properties, Morguard REIT and Blackwood Partners.

Mr. Siklos has been active for many years in several real estate associations including ICSC, NAIOP, and BOMA, and has previously served as Director and BOMA Toronto president.

Mr. Siklos holds a Bachelor of Applied Science degree from the University of Toronto and a Masters of Business Administration from York University (Schulich).
Wayne A. Smith, Senior Vice-President, Commercial
Wayne Smith is responsible for Algoma’s commercial activities and interests in its marine transportation businesses. These businesses include the Corporation’s domestic flag dry-bulk and product tanker fleets and international shipping interests in both dry-bulk and product tankers where he represents the Corporation in shipping pools.

Prior to joining Algoma as Senior Vice-President in 2008, Mr. Smith held executive positions in the Canadian dry-bulk shipping partnerships, Seaway Marine Transport (from 2000) and its predecessor Seaway Selfunloaders (from 1995). Seaway Marine Transport is now a fully owned subsidiary of Algoma and operates under the Algoma brand.

Wayne is active in marine industry associations including the Canadian Shipowners Association, where he is Chair, he is a Director and member of the Executive Committee of the Chamber of Marine Commerce, a Director (and founding President) of the Ontario Marine Transportation Forum and a Director of the International Chamber of Shipping.

Mr. Smith holds a Bachelors Business Management degree and a Masters Business Administration degree.
Algis J. Vanagas, CET, Senior Vice-President, Technical
Al Vanagas oversees all of Algoma’s technical interests in vessels. These interests include Algoma’s domestic dry bulk fleet, its domestic tanker fleet, its ocean dry bulk fleet and its international flag product tanker. Mr. Vanagas is currently heading a team of designers and engineers who have produced the Equinox class of ships which are being constructed in China.

Prior to his appointment in 2008, Mr. Vanagas held a number of management positions with Algoma over the past 32 years, having joined Algoma originally as a junior engineer on a ship of the fleet.

Mr. Vanagas is a graduate of Georgian College in Marine Engineering. He holds a First Class Marine Engineer’s Certificate, is a Certified Engineering Technologist – Ontario (OACETT,) and a Member of the Canadian Institute of Marine Engineering (CIMarE).
Karen A. Watt, Vice-President, Human Resources
Mrs. Watt has been Algoma’s Vice-President, Human Resources since September 2007. Prior to this role, Ms. Watt was Director, Human Resources of the Corporation from 2004.

As Vice-President, Human Resources, Karen is responsible for all people-based activity within the Corporation, both on an operational and strategic level and is specifically involved in resource planning and recruitment; training; policy development and implementation; labour relations and compensation and benefits issues.

Prior to joining Algoma Central Corporation, Mrs. Watt was employed by a Canadian specialty steel producer, where she began her career in the company’s Engineering Department. After several years, Mrs. Watt transitioned in to the Human Resources field, initially responsible for health & Safety function and then being promoted to Labour Relations Officer and then ultimately to Corporate Director of Human Resources.

Mrs. Watt is the Chair of the Georgian College Marine Advisory Committee and the Chair of the Canadian Marine Compensation Association Health & Safety Committee.

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