M. William Cleman

M. William Cleman is an experienced operating and financial executive in the retail and real estate sectors. Mr. Cleman is a corporate director and consultant. He retired as Chairman and Chief Executive Officer of Bouclair Inc., a Montréal-based retail chain in the home furnishings sector, in 2003. Previously, Mr. Cleman had held senior positions at Bouclair since 1994. From 1989 to 1994, he was a partner in Cleman Ludmer Steinberg Inc., a merchant bank. From 1971 to 1989, Mr. Cleman had a successful career at Steinberg Inc., a major food retailer and real estate company. His title at the time of his departure in 1989 was Executive Vice-President at Steinberg and Chairman and Chief Executive Officer of Ivanhoe Inc. He holds a bachelor of commerce degree from McGill University (B. Comm., 1970) and a Masters of Business Administration degree from the University of Western Ontario (MBA, 1972). He was a director of Benvest from 2004 until the creation of the Fund in 2005 and thereafter a trustee of the Fund and a director of Former New Look until the completion of the Arrangement in March 2010.

Mr. Cleman is Chair of the Human Resources and Compensation Committee and a member of the Audit Committee and of the Executive Committee of New Look.