GMP Capital Inc. announced June 3 that two of its board members are retiring. Following the announcement, it says the company will move forward with just five board members as it evaluates alternatives to appointing new independent directors.
Retiring board members include Gene McBurney and Fiona Macdonald. McBurney was a founding member of GMP Securities LP in 1995. Following the sale of GMP’s capital markets business last year, McBurney is leaving to pursue other opportunities in the capital markets sector.
Macdonald, meanwhile, is leaving “after devoting significant time helping the company successfully transition to its next phase of growth.” Appointed to the board in 2013, Macdonald used more than 25 years of experience in executive compensation and human resources strategies to serve the board, chair the company’s management resources compensation committee and serve on the company’s audit, governance and special committees.
