Toronto, February 19, 2026 – Canada Development Investment Corporation (CDEV) congratulates Don Lindsay for his appointment, effective as of February 24, 2026, as Board Chair of Trans Mountain Corporation (TMC), the wholly owned subsidiary of CDEV, mandated to safely and sustainably operate and optimize the Trans Mountain pipeline systems, ensuring reliable transportation of Canadian crude oil to international markets.

Mr. Lindsay has more than 40 years of experience across the natural resources sector and global finance sector as well as significant corporate governance leadership experience. He served as President and CEO of Teck Resources Limited from 2005 to 2022, following nearly two decades at CIBC World Markets, where he built the firm’s Global Mining Group and later became President of CIBC World Markets. He is the Chair of Manulife Financial Corporation and a Director at BHP Group Limited. His longstanding community and sustainability contributions include leadership roles with the BC Children’s Hospital Foundation and the Invictus Games Vancouver–Whistler 2025 and he has been recognized with distinctions including various honorary doctorates, the BC Community Achievement Award, the CIM Distinguished Service Medal and the Order of British Columbia.

Mr. Lindsay’s deep expertise in governance, strategic growth and resource development, combined with his distinguished service on the boards of major corporations and international business councils positions him uniquely to lead Trans Mountain. His highly relevant expertise in international commodity markets and deep appreciation for indigenous relations, along with his experience in the resources sector, will further serve the Trans Mountain board well.

“Don Lindsay will lead the Board of Trans Mountain at a critical time with the organization being a strategic asset for Canada, uniquely positioned to expand exports, enhance trade diversification and advance Canada’s goal of doubling non-US exports. I look forward to working closely with him as he leads our portfolio company with vision and a focus on strong operations, safety and financial performance,” said Elizabeth Wademan, President and CEO of CDEV.

For more information, read the news release from Trans Mountain Corporation.