Leadership Team
Management
Lorraine Audsley
Ms. Audsley is a seasoned executive with over three decades of experience in financial services, specializing in structured finance, international trade, risk management, and sustainability. She has a strong record of building high-performing teams and delivering purposeful mandates.
Prior to joining CEEFC, Lorraine held several senior leadership roles at Canada Mortgage and Housing Corporation and Export Development Canada, including Chief Risk Officer, Chief Credit Officer, and Chief Sustainability Officer. In these positions, she led financial underwriting, credit adjudication, special loans, portfolio oversight, enterprise risk management, as well as climate risk management and human rights policy oversight.
She has also served as a Senior Advisor with Ernst & Young Canada’s Financial Services Sustainability practice and operated an independent consulting practice focused on climate risk, international trade, structured finance, and enterprise risk management.
Ms. Audsley currently serves on the Boards of the University of Ottawa Heart Institute Foundation and the Ottawa Humane Society, is a member of the Equality Fund Investment Committee, and a Women in Nature Ambassador with Nature Canada.
Ms. Audsley holds a Master of Science in Finance from Henley Business School (University of Reading), a Bachelor of Commerce in Finance and International Business from the University of Ottawa and is a graduate of INSEAD’s Advanced Management Programme.
President and Chief Executive Officer
Constance de Grosbois
Constance de Grosbois is Chief Investment Officer of Canada Enterprise Emergency Funding Corporation (CEEFC). In this role, Ms. de Grosbois leads CEEFC’s investment strategy and portfolio management activities, overseeing investment performance, value creation initiatives, transaction execution, and strategic analysis. She is responsible for helping ensure the Corporation’s investments are managed prudently, support Canada’s economic priorities, and maximize long-term value for Canadians.
Prior to joining the Corporation, she served as Vice President, Corporate Development at TD, where she led strategic growth initiatives and corporate transactions. Before that, she spent more than 17 years at BMO Capital Markets, progressing through increasingly senior roles to become Managing Director, advising clients on complex mergers and acquisitions, corporate finance transactions, and strategic initiatives across a range of sectors.
Ms. de Grosbois holds a Bachelor of Commerce (Honours) in Economics and Finance from McGill University.
Chief Investment Officer
Elie Freedman
Elie Freedman is Vice President, Legal and Secretary of Canada Enterprise Emergency Funding Corporation (CEEFC). In this role, he provides strategic legal counsel and governance advice in support of CEEFC’s financing programs and its portfolio of loans, helping advance the organization’s mandates to support Canadian businesses while safeguarding the interests of Canadians.
Prior to joining CEEFC, he served as Senior Legal Counsel at Canada Development Investment Corporation (CDEV), CEEFC’s parent company, where he advised on complex corporate, governance, commercial and strategic matters. Earlier in his career, he practiced debt finance and corporate law at Davies Ward Phillips & Vineberg LLP and Bennett Jones LLP, advising clients on a broad range of financing and corporate transactions.
Mr. Freedman is a member of the Law Society of Ontario and the Pennsylvania Bar Association. He holds a Bachelor of Arts from McGill University and a Juris Doctor from the University of Pittsburgh School of Law.
Vice President, Legal and Secretary
Robert Godbout
Robert Godbout is Chief Financial Officer of Canada Enterprise Emergency Funding Corporation (CEEFC). In this role, Mr. Godbout oversees CEEFC’s finance and corporate services functions, including financial management, risk oversight, governance, human resources, information technology, procurement, and other administrative operations. As well, he helps ensure strong governance, accountability, operational excellence, and responsible stewardship of public resources.
A CPA, Mr. Godbout has held senior leadership positions across the federal public service and Crown corporations, including Vice President, Finance at Alto, formerly VIA HFR Inc.; finance leadership roles with the Canada Innovation Corporation, part of the CDEV Group of Companies; and Executive Director, Corporate Planning and Reporting at Transport Canada. Robert also brings significant experience in digital leadership and organizational transformation, having served as Chief Digital Officer, Chief Information Officer, and Director of the Digital Academy at the Canada School of Public Service.
Mr. Godbout holds a Master of Business Administration, Accounting MBA from the Université du Québec à Montréal, where he was awarded the Bora Laskin Scholarship. He also holds a Bachelor of Accounting Science from the Université du Québec en Outaouais.
Chief Financial Officer
Board of Directors
Sandra Rosch
Ms. Rosch is an experienced restructuring and financial advisor who has played a leadership role in complex assignments in diverse industries. She is currently Executive Vice President and a Director of Labrador Iron Ore Royalty Corporation. Ms. Rosch served as President of Stonecrest Capital Inc., an independent Canadian restructuring firm, until December 2018. Previously, she worked for 17 years as an investment banker with two of Canada’s largest investment banks.
Ms. Rosch has been a director of Canada Development Investment Corporation since 2015 serving on the boards and various committees of several of its subsidiaries. She is currently Chair of Canada Enterprise Emergency Funding Corporation.
Ms. Rosch is a member and past director of the Turnaround Management Association, Toronto Chapter. She holds the ICD.D designation and earned a Bachelor of Commerce from McMaster University and an MBA from Ivey Business School at Western University.
Chair of the Board
Nathalie Bernier
Ms. Bernier is a board member with strong strategic capabilities, recognized for developing a clear vision and understanding how to deliver its execution. She has held senior roles in global organizations such as Senior Vice-President Strategy and Business Planning, and Managing Partner in large multi-services professional firm. Ms. Bernier understands and has experience with transformations and innovation in period of upheaval, and with the implementation of innovative strategies. Ms. Bernier is recognized as a trusted partner for developing long and lasting mutually beneficial relationships with all key stakeholders.
From August 2015 to September 2019, she served as CFO and Senior Vice President, Strategic and Business Planning of Public Sector Pension Investment Board, a large Canadian pension investment manager. Prior to this role, Ms. Bernier spent nearly 30 years as an Audit and Advisory Partner at Arthur Andersen LLP and KPMG from 1986 to 2015, including serving as Regional Managing Partner (Quebec) and as a member of KPMG’s Canadian Leadership team.
Ms. Bernier is currently a director of Bausch & Lomb Corporation, a U.S. and Canadian public traded company, where she serves as a member of the Audit and Risk Committee and the Science and Technology Committee. Ms. Bernier also currently serves as Chairperson of the Risk Committee and member of the Audit Committee of RF Capital Group Inc., a publicly traded company. Ms. Bernier is also Chairperson of the board of United Way of Greater Montreal Foundation, a charitable organization, and served on other not-for-profit boards including the Montréal Board of Trade, United Way of Greater Montréal and on the advisory board of the Desautels Faculty of Management, McGill University.
Ms. Bernier has received several awards including Canada’s CFO of the Year and Québec’s CFO of the Year from the Financial Executives International Canada and Canada’s Most Powerful Women: Top 100. Ranked Number 1 of the Top 10 Women in Business in Canada according to Business Review Canada.
Chair of the Audit Committee
Jim McArdle
Mr. McArdle is an experienced Governance expert. His varied experience in private practice and the corporate world helps Boards of Directors and Management with a variety of governance-related matters. He has spent over 10 years in private practice in Toronto and 25 years in senior positions with Export Development Canada (EDC), a federal Crown Corporation.
Mr. McArdle was Secretary of EDC’s Board of Directors for 17 years as well as a Senior Vice President for 12 years. His roles as Senior Vice President at EDC included being Chief Advisor to the President, as well as being responsible for a wide variety of aspects of EDC. These included (i) Government and Stakeholder Relations, (ii) Communications, (iii) Corporate Strategy and Planning, (iv) Corporate Social Responsibility, (v) Legal Services, and (vi) the creation of the Enterprise Portfolio Management Office at EDC. Mr. McArdle was also responsible for EDC’s Legislative Reviews, Special Examinations by the Auditor General of Canada, and the establishment of FinDev Canada, a Crown corporation created as a subsidiary of EDC, the mandate of which is to conduct development financing in emerging economies.
Mr. McArdle is a graduate of Western University and Columbia University’s Senior Executive Program as well as the Canadian Securities Course. He is currently a Faculty Member of the Canada School of Public Service and has been facilitating the Orientation Course for Crown Corporation Directors since 2015.
Barry Pollock
Mr. Pollock is a highly accomplished banking professional who is recognized as a strategic thinker, strong team player and consensus builder. He retired as Managing Director and Global Head of Corporate Banking from one of the major Canadian banks where he was responsible for an $80 billion loan portfolio and oversaw a team of 150 professionals.
Through his 32-year banking career Mr. Pollock gained extensive experience in risk assessment, decision-making, policy development, governance and conflict analysis.
Reflecting his extensive credit/risk experience and track record of independent judgement and risk/reward decision-making, Mr. Pollock was a member of various risk committees, setting policy and identifying and evaluating exposures. His experience spans virtually all industry sectors and includes corporate lending, project finance, structured finance, syndication and restructuring.
Mr. Pollock also leads a non-profit board and is a member of the Independent Review Committee for a leading mutual fund company. He is a CPA, CA and has a BBA and MBA from York University.
Jennifer Reynolds
Ms. Reynolds was most recently the CEO of Women Corporate Directors Foundation – the world’s largest network of women corporate board directors, with more than 2500 members serving on more than 8,500 public and private boards around the globe.
Ms. Reynolds’ 25-year career in the financial services industry has included senior roles in investment banking, venture capital, and global risk management. Prior to joining WCD, she served as the President & CEO of Toronto Finance International (TFI), a public-private partnership which promotes and develops Canada’s financial services sector and serves as the international representative for the Toronto financial centre. Prior to joining TFI, she was the President & CEO of Women in Capital Markets (WCM), Canada’s largest industry association and advocacy group for women in the financial sector.
Ms. Reynolds is a Director on the Board of BF&M Insurance Group Ltd, the Board of Agrinam Acquisition Corporation, and the Board of Women’s College Hospital Foundation. She is the Co-Chair of the UN convened Financial Centres for Sustainability (FC4S) network and also serves on the Advisory Council for the Institute of Sustainable Finance. In 2015 and 2017, she was named a Women’s Executive Network (WXN) Canada’s Most Powerful Women: Top 100 Award Winner.
Ms. Reynolds is a graduate of the Harvard Business School Women’s Leadership program, and she received her MBA from McGill University, as well as a Bachelor of Arts with a double major in Economics and Political Science from McGill University. She also holds the Institute of Corporate Directors Designation, ICD.D.