Board of Directors

There are currently two standing committees on the Hydrogenics board of directors:

  • Audit
  • Human Resources and Corporate Governance

In accordance with the adopted governance practices, each committee is comprised solely of members who qualify as unrelated and independent directors, as determined by the Board.

Douglas Alexander



David C.


Daryl Wilson


Sara Elford


Pierre-Etienne Franc


Douglas Alexander,

Douglas S. Alexander joined our Board of Directors in May 2006 and has served as Chairman of our Board of Directors since May 2009.

Mr. Alexander is a Director and member of the Audit Committee of Critical Outcome Technologies Inc., Biorem Inc. and Equitable Life Insurance Company and has served as the Chief Financial Officer of various Canadian public companies for 15 years. Mr. Alexander was formerly lead director and chair of the Audit Committee of Saxon Financial Inc. Mr. Alexander served as a director of Stuart Energy from 2003 to January 2005. From 1999 to 2004, Mr. Alexander was Executive Vice President and Chief Financial Officer of Trojan Technologies Inc., an international environmental high technology company.

Mr. Alexander is a Chartered Accountant and is a member of the Institute of Chartered Accountants in Scotland and Ontario. He is also a Chartered Director, having graduated from the Director’s College, a joint venture between McMaster University and the Conference Board of Canada. Mr. Alexander resides in Ontario, Canada.

Joseph Cargnelli,

Joseph Cargnelli is one of our founders and served as a director from January 1996 to January 2005, when he resigned in connection with the closing of the Stuart Energy acquisition.

Mr. Cargnelli was re- elected at the meeting of shareholders on May 17, 2005. Mr. Cargnelli served as our Treasurer from January 1996 until July 2000. Mr. Cargnelli was appointed as our Vice President, Technology in July 2000. His title was changed to Chief Technology Officer in April 2003.

From April 1992 to April 1993, Mr. Cargnelli served as a Research Engineer with the Laboratory of Advanced Concepts in Energy Conversion Inc., a laboratory engaged in the research, development and demonstration of alkaline fuel cells and hydrogen storage methods. Mr. Cargnelli is a member of the Professional Engineers of Ontario. Mr. Cargnelli resides in Ontario, Canada.

David C. Ferguson,

David C. Ferguson joined our Board of Director in October 2014.

Mr. Ferguson was Executive Managing Director and Chief Financial Officer of BMO Capital Markets and was a member of the Board of Directors of BMO Nesbitt Burns between 1999 and 2012.  Prior to 1999 Mr. Ferguson had a 25 year career at KPMG including 16 years as an audit partner.

Mr. Ferguson is a member of the Board of Directors of GMP Securities and former President and Board Chair of the Canadian Opera Company.

Mr. Ferguson is a Fellow of the Institute of Chartered Professional Accountants of Ontario and member of the Institute of Corporate Directors. Mr. Ferguson received his Bachelor of Commerce from the University of Toronto in 1973, his Chartered Accountant designation in 1977, and his Master of Business Administration from the University of Toronto in 1988.

Don Lowry,

Don Lowry was recently re-elected as a director for Hydrogenics  in January 2013 after having served a previous term from  2000-2007 .

In March of 2013 after 15 years with EPCOR Utilities, Don stepped down from the position of President and CEO .  During his tenure Don led the growth of EPCOR Utilities from its base in Edmonton, Alberta, into a North American power and water company. In July 2009, under his leadership, EPCOR spun-off its power generation business into one of Canada’s largest investor-owned generation companies – Capital Power Corporation. Don serves as the board chairman of Capital Power.(CPX).

Prior to joining EPCOR, Don spent more than 20 years in the telecommunications industry. He was President and Chief Operating Officer of TELUS Communications Inc. and Chairman of Alta Telecom.

Don holds a B.Comm. (Honours) and an MBA from the University of Manitoba. He is also a graduate of the Harvard Advanced Management Program and the Banff School of Management.

Don is board chairman of Canadian Oil Sands (COS) and Capital Power (CPX) and also sits on the City of Edmonton’s LRT Oversight board, the Conference Board of Canada  and the Telus Edmonton Community Board.

In December 2010, Don was named Alberta Venture magazine’s Business Person of the Year.

Daryl Wilson,

Daryl Wilson was appointed President and Chief Executive Officer in December 2006.

Prior to joining Hydrogenics, Mr. Wilson held senior leadership positions at Royal Group Technologies Inc., ZENON Environmental Inc., Toyota and Dofasco Inc.

In 1990, Mr. Wilson earned an MBA from McMaster University in Operations Management/Management Science. Mr. Wilson is a Professional engineer and holds a Bachelor’s degree in Chemical Engineering from the University of Toronto. Mr. Wilson is a Chartered Director (C.Dir), having graduated in 2009 from Director’s College. Mr. Wilson resides in Ontario, Canada.

Sara Elford,

Sara Elford worked in the capital markets industry for more than twenty years, beginning her career in investment banking in New York. She became a sell-side equity research analyst in 1996 in Canada and continued in this capacity until July 2015 when she decided it was time for something new. Over the course of her analyst career, Sara followed a broad range of industries and business models, with specific focus on emerging companies, technologies and/or sectors. She earned many professional awards over the years and consistently ranked in the Brendan Woods and Starmine Surveys. In 2005, Sara was named the top stock picker in Canada by Starmine across all industries and analysts. She’s had her CFA designation since 1997 and completed the academic requirements for the directors’ education program with the ICD in 2015. Sara is currently a member of the FTSE Environmental Markets Committee and has committed to joining two public company boards. In addition to these board roles, she plans to invest, consult, and generally work with likeminded people doing things she loves.

Pierre-Etienne Franc,

Pierre-Etienne Franc, joined the Air Liquide Group in 1995 as strategic analyst for the Group general management.
Over the past 24 years, he has held several positions in large Projects Business Development, Operations General Management, Strategy and Diversification activities. Since 2010 he has been supervising the portfolio of advanced businesses and technologies initiatives of the Group, in the fields of energy and environment, space, aeronautics, cryogenics, gathering 20 companies.

Since June 2017, he is Vice President, Air Liquide, Hydrogen Energy World Business Unit, in charge of developing the full potential of H2 activities for the Group worldwide and supervises Air Liquide Venture Capital arm (ALIAD), which he created in 2012.

Between 2011 & June 2016, he was Chairman of Hydrogen Europe and of the Fuel Cells and Hydrogen Joint Undertaking (FCH JU), the European Platform financing Hydrogen and Fuel Cell sector.
He is the current Hydrogen Council Secretary.
Mr. Franc. holds an MBA from HEC Paris.