Mr. Brenneman, age 63, is Executive Vice-Chairman of Suncor Energy Inc., an integrated energy company. From January 2000 to August 2009, he was President and Chief Executive Officer of Petro-Canada. His career in the oil and gas industry began in 1969, during which time he held positions with Imperial Oil Limited, Exxon Corporation and Petro-Canada. He holds a B.Sc. (in chemical engineering) from the University of Toronto and a M.Sc. (in control systems) from the University of Manchester.

Mr. Brenneman sits on the board of BCE Inc., WestJet Airlines Ltd. and has been active in the Canadian Petroleum Association, the Canada Safety Council, the United Way of Calgary and of Toronto, and has helped raise funds for Mount Royal College, the new Alberta Children's Hospital, UNICEF, Trout Unlimited Canada, Ducks Unlimited Canada and the Nature Conservancy of Canada. During the period from 2004 to 2008, Mr. Brenneman served as a director of Syncrude Canada Ltd., and of Petro-Canada, a publicly traded company.

Scotiabank Board Details:

• Director since March 28, 2000
• Member of: Audit and Conduct Review Committee (and is the Committee's designated financial expert) and Human Resources Committee
• Meets Share Ownership Guidelines
• Independent
• Latest Retirement Date: ineligible for re-election in April 2017